Course Specifics
CPE Credit: 2 Hours
Field of Study: Taxes, Federal Tax
Course Level: Intermediate
Prerequisite: None
Advance Preparation: None
Delivery Method: Self-Study
IRS Program Number: UBWMF-T-00346-25-S
CTEC Course Number: 6209-CE-00258
NASBA Sponsor ID: 116347
100 Minutes
Reporting Foreign Income and Assets
Who Should Attend?
CPAs, EAs, CRTPs
Course Description
Reporting of foreign assets, accounts, and income are now high on the agenda for the IRS, and severe penalties may be imposed, even for innocent missteps. The complex nature of the requirements, coupled with a lack of familiarity shared by many taxpayers and practitioners makes these issues particularly important today. This course is designed to provide you with the tools necessary to tackle these issues effectively and efficiently.
Learning Objectives
- Recognize the basic rules for income tax reporting of foreign earned income
- Explain foreign financial asset reporting requirements on IRS Form 8938
- Explain the FBAR filing requirements for foreign financial accounts
Last Modified: 8/1/2025
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