2019 Foreign Income and Asset Reporting

Posted  100 Views updated 20 days ago
Image

About This Event

Location


Online Webinar

Date & Time


Sat, Aug 17, 10:00 AM

Foreign Income and Asset Reporting Webinar

Join this webinar to learn what should or should not be reported on this year FBAR. Sanjiv Gupta will explain the importance and details one should know before filing this important report.

According to the IRS, you must file FBAR if you are a United States person, including a citizen, resident, corporation, partnership, limited liability company, trust, and estate, must file an FBAR to report:

  1. a financial interest in or signature or other authority over at least one financial account located outside the United States if
  2. the aggregate value of those foreign financial accounts exceeded $10,000 at any time during the calendar year reported.

Generally, an account at a financial institution located outside the United States is a foreign financial account. Whether the account produced taxable income has no effect on whether the account is a “foreign financial account” for FBAR purposes.

However, Should you report everything?

Not really ...

What if the account belongs to someone else?

What if someone gifted funds to you?

Maybe you purchased a property?

Maybe you sent funds to buy something?

What about funds sent to parents?

How about retirement accounts?

Savings, Fixed Deposits, Life Insurances ...

Stocks, bonds, etc

Don't worry - we will discuss all these subjects in great details on August 17th.

All you need to do for now is REGISTER

It's FREE - no cost at all.

We will send you a link to Zoom Meeting couple days before the webinar. Join us from anywhere.

No - we DO NOT record these webinars. So, please join us live to discuss and learn more about this subject.

Can you ask questions?

Absolutely, Sanjiv Gupta CPA will be on the call to take your questions.

Can I invite friends and family members?

Yes, but please ask them to register to save their seat.

Bonus - during the webinar will be giving couple tickets to our upcoming Wealth Summit 2019 for FREE. 



0 Comments