IRS Streamlined Procedures & The Non-Willful Certification 2 Credits
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Dec 05, 2024 | 09:00 AM
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In 2014, the IRS implemented substantial revisions to the streamlined filing procedures, extending their scope to encompass a wider spectrum of U.S. taxpayers. This strategic shift represents the IRS's latest endeavor to bolster tax compliance and combat offshore tax evasion—a persistent focal point for the agency.
With an estimated impact on nearly 6 million expatriate Americans residing and working abroad, these programs hold the potential to alleviate financial and legal burdens. This is especially relevant for those who were previously unaware of the complexities surrounding Foreign Bank and Financial Accounts Reporting (FBAR).
In this CE Tax course, we will explore the FBAR framework, delve into international reporting forms beyond FBAR, dissect significant alterations to the IRS streamlined procedures, and decipher their purpose and eligibility criteria. We'll demystify the dual tracks of streamlined submissions, dissect preparation strategies for each, and navigate the potential pitfalls for the unsuspecting. Frequently asked questions will find elucidation, alongside the critical concept of non-willfulness—unveiling its meaning and certification process. We'll shed light on the enigmatic notion of a quiet disclosure and conclude with pragmatic, sound counsel.
Major topics covered in this course:
Join this CE webinar to unravel the intricacies of IRS streamlined procedures, empowering yourself with the knowledge to navigate the complexities of international reporting and make informed decisions that secure your financial and legal well-being.
Looking to fulfill your Enrolled Agent (EA) Continuing Education (CE) requirements? MY-CPE online Enrolled Agent CE courses are the best for you. Earn EA CE Credits while enhancing your domain knowledge and expertise in diverse tax regulations and practices. Our courses are designed to provide you with the latest updates and deep insights to keep you ahead in your field. With flexible scheduling and a user-friendly platform, MY-CPE offers you a greater convenient and interactive learning experience. Join MY-CPE today and take the next step in advancing your career as an Enrolled Agent.
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Michael is a trial lawyer. He graduated Cum Laude from The Thomas M. Cooley Law School and Summa Cum Laude from the Thomas Jefferson School of Law with his Masters of Law in Taxation. Michael is known for his charismatic personality and his unyielding dedication to his clients.
Michael spent the first five years of his legal career as a public defender in the NJ Office of the Public Defender cutting his teeth on some of the most serious felony cases to pass through the state courts of New Jersey. He then joined his father's law practice, DeBlis Law, expanding the practice into civil tax controversies and international tax compliance.
As a graduate of the National Criminal Defense College, Michael has trained under some of the best-known criminal defense attorneys in the country. That experience has taught him that justice for a person accused of a crime is only won through a full understanding of the client and the case.
To that end, Michael attempts to understand each client’s case as a convincing narrative, not just as a set of innocuous facts and arcane legal rules.
When he's not in the courtroom, you can find Michael on stage. He is a professionally-trained actor who has performed in off-Broadway productions and on-stage at Shakespeare in the Park. Michael's passionate about helping trial lawyers harness the power of persuasion and positive communication in the courtroom in order to connect to the jury on a human level.
Michael's training as an actor allows him to combine a unique blend of left-brain thinking with right brain artistry to make even the most dull and abstract areas of the law come to life.
Michael is a prolific writer and a passionate blogger. He has written articles that have been featured in leading tax journals and "Law 360."
Michael is a living example of the tremendous power that comes from combining passion, preparation, persuasion, and positive communication in the courtroom. His courage and relentless work ethic have earned him a reputation as a zealous advocate and one of New Jersey’s rising stars of the legal profession.
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To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.
Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.
To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
Although I do not have clients with foreign income, Mr. DeBlis has openned my eyes to document and make even more stringent inquiry. The risk to client and self is beyond the pale. Great presentation!
TM
Great presentation. Instructor provided useful information in an easy to follow way.
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