The Taxation and Immigration Committee is pleased to announce a forthcoming webinar on U.S. Federal Income Taxes and Foreign Financial Asset Reporting to be held on Webex. The webinar will be of primary interest to members of the Society who are U.S. citizens or U.S. permanent residents.
SPEAKER: Mr. Mishkin Santa, J.D., LL.M; Principal, Director of International Tax, The Wolf Group, P.C., Washington, DC and Fairfax, VA (Website: https://thewolfgroup.com/ )
MODERATOR: Deane Jordan, Chair, Committee on Taxation and Immigration
TOPICS OF DISCUSSION:
The webinar will focus on: (i) important features of the U.S. Federal income tax system and of individual income tax returns for 2021 including recent updates; (ii) how to report the World Bank Group SRP pension as well as other foreign financial accounts and assets on Form 8938 (Statement of Specified foreign Financial Assets); and (iii) how also to report foreign financial accounts on FinCEN Form 114 (Report of Foreign Bank and Financial Accounts (FBAR)).
Time permitting, the webinar may also provide a brief update on the status of the U.S. exit tax (expatriation tax). The exit tax may possibly affect a U.S. citizen who renounces U.S. nationality, or a U.S. permanent resident who terminates U.S. residency either voluntarily or involuntarily, and who meets certain criteria related to the duration of U.S. residency, average annual net income taxes, and net worth.
RSVP Here
Join Webinar
Webinar number: 2314 242 0684
Webinar password: 1818TaxSem!
Join by phone
1-650-479-3207 Call-in number (US/Canada)
Access code: 2314 242 0684
Password: 1818TaxSem! (18188297 from phones)
Note: We will be using the WebEx Webinar platform for this event. Attendees’ microphones are muted and cameras are off throughout the session. Only the panelists and their presentations are displayed/shown on-screen. The chat feature of Webex is open to send questions and/or comments.
