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Willfulness bove

WILLFULNESS: WHAT IT IS AND WHAT IT COSTS

Cost Free
Presentation Length 1.0 hour

Recorded DateAugust 31, 2018
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Who Should AttendCPA - small firm
CPA - medium firm
CPA - large firm
Other
Series: Taxes, Women in Accounting
Course Description

When a U.S. taxpayer fails to file the FBAR or another informational report, the consequences can be severe, depending in part on the taxpayer’s intent. For example, if the IRS makes a finding of willfulness, the civil penalties can be half of the unreported assets. In this webinar, we will review the different standards of willfulness and nonwillfulness, and we will discuss recent cases involving U.S. taxpayers who failed to disclose their foreign assets.

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Testimonials
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Linda Sharp (Linda R Sharp CPA)

"very well done. Prepared! I learned new information that will help me in my career and life. Lets have more CPE from Ruth!"
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Theo Lindayen (Theo Lindayen)

"Mz. Mattson, gave a clear, concise and very informative webinar. I look forward to other webinars she will offer."

Robert Slowik (Robert A Slowik PA EA CFP)

"A frightening view of the severe penalties imposed for not reporting foreign investments."
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Ramenia Jordan (Visions By Ramenia)

"This was a very informative webinar and the presenter was very knowledgeable."
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Geraldine Stoneking (geraldine stoneking)

"CPA Academy always presents very good webinars."
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Dale Brosky (Contitech)

"very interesting. and very well presented."
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Cathy Stopyra (BDO USA LLP)

"Very informative presentation."

Karen Heburn (Risk & Regulatory Consulting)

"Thanks for the information."
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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Ruth Mattson

VACOVEC, MAYOTTE & SINGER, LLP
Principal
rmattson@vacovec.com
(617) 831-2456

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Ruth helps clients implement comprehensive plans that meet their personal, family, and professional goals. As part of her estate planning practice, Ruth focuses on international planning, including planning for overseas assets, forming offshore asset protection trusts, planning for a spouse who is not a U.S. citizen, and helping U.S. beneficiaries plan to receive gifts and inheritances from abroad. For clients with unreported foreign assets, Ruth coordinates with accountants to help bring the clients into compliance with their FBAR and other reporting requirements. Additionally, Ruth advises trustees and Personal Representatives with the administration of trusts and estates, including local and multinational trusts and estates.

About Our Presenter

Bovelanga
Estate planning is a serious matter encompassing many areas that affect our lives and the lives of the generations that follow. To ensure that your estate plan accomplishes your goals, both now and in the future, it is critical that you choose a law firm with experience in the practice of trusts and estates law, a thorough knowledge of all aspects of estate planning, a strong reputation, and the longevity to be there for not only you but also the next generation. These attributes come from years of solid practice in the trusts and estates field, a commitment to education, and strong relationships with clients. Our firm was established in Boston over thirty years ago. Since that time, Bove & Langa has earned a reputation as one of the most respected trusts and estates law firms in the Northeast, with both national and international recognition. At Bove & Langa, we pride ourselves on being an active, successful practice centered on domestic and international estate planning, asset protection planning, trust and estate administration, probate, and the preparation of estate and gift tax returns.