| Panelist: | Dianne C. Mehany |
| Program: | Nuts & Bolts Series: International Tax Enforcement: FBARs, FATCA, and More |
| Event Sponsor: | American Bar Association, 2014 May Meeting |
| Where: | Grand Hyatt Washington
1000 H Street, NW
Washington, DC 20001 |
| Registration: | Click Here To Register |
The Department of Treasury and the IRS have devoted significant time and resources to increasing enforcement of international tax reporting requirements for both individuals and entities. The various offshore voluntary disclosure programs have been somewhat overshadowed by FATCA's new requirement for reporting by non-US entities and by the Department of Justice's "Swiss Bank" program. This panel will discuss information reporting required by US persons with connections outside the United States. The panelists will review the often times devastating penalties associated with non-compliance and highlight several remedies (both formal and informal) that may be available to taxpayers.