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FATCA – What you need to know

FATCA – What you need to know

2 Credits


Subject Area


Webinar Qualifies For

2 CPE credit of Taxes for all CPAs

2 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00730-21-S)

2 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0684)

2 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

2 CPE credit for Certified Internal Auditors (CIA)

2 CPE credit for Qualification in Internal Audit Leadership (QIAL)

2 CPE credit for Internal Audit Practitioner (IAP)

2 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00730-21-S)

2 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00730-21-S)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Before starting this self study program, please go through the instructional document.


  • FATCA background
    4 mins
  • FATCA Aims
    16 mins
  • Corporations and partnership: Investments
    25 mins
  • Trusts: Controlling persons
    39 mins
  • New entity accounts (NEA)
    59 mins
  • Specified foreign financial assets
    83 mins

Course Description

The Foreign Account Tax Compliance Act is a federal law designed to combat offshore tax evasion by requiring individuals to report their financial accounts held outside of the United States and foreign financial institutions to report to the Internal Revenue Service (IRS) about their American clients.

This CE webinar addresses the requirements of FATCA and its impact on the reporting requirements of both taxpayers as well as foreign financial institutions as well as its impact on:

  • Capital Flight
  • Citizenship renunciation
  • Foreign relations
  • Extraterritoriality
  • Foreign banks willingness to hold US accounts

Major topics covered in this online CPE/CE webinar:

  • The FATCA reporting requirements on US taxpayers
  • The FATCA obligations on foreign financial institutions
  • Foreign financial institutions obligations to identify US taxpayers
  • The implementation of overseas withholding taxes
  • Reporting and retention of FATCA information

Learning Objectives

  • To define the need for, and origin of FATCA
  • To define the differing Foreign Financial Institutions
  • To explain who is affected by FATCA and how
  • To explain the effects on differing account types
  • To describe the effects on Substantial US Owners
  • To discuss the effects of FATCA on FSIs
  • To identify IRS Reporting Requirements

Who Should Attend?

  • Annual Filing Season Program
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • Certified Management Accountant
  • Certified Public Accountant
  • Enrolled Agent
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros