The 1818 Society Taxation and Immigration Committee is pleased to announce a forthcoming webinar on U.S. Federal Income Taxes and Foreign Financial Asset Reporting. The webinar will be of primary interest to members of the Society who are U.S. citizens or U.S. permanent residents.
DATE: Wednesday, February 5, 2025
TIME: 11:00 AM – 12:30 PM
VENUE: Webinar only
SPEAKER: Mr. Mishkin Santa, J.D., LL.M; Principal, International Tax Services, 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 2024 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); (iii) how also to report foreign financial accounts on FinCEN Form 114 (Report of Foreign Bank and Financial Accounts (FBAR)); and (iv) the sunset of the 2017 Tax Cuts and Jobs Act (TCJA) and new US tax code for 2025/2026 moving forward.
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.
Register here!
On February 5th, you will be able to join the Webex session directly by using the link provided below, among other available options.
Join Webex!
Join by browser/meeting number:
Meeting number: 2312 657 3499
Password: Society1818 (76243891 when dialing from a phone)
Join by phone:
1-650-479-3207 Call-in number (US/Canada)
Access code: 2312 657 3499
Global call-in numbers
