Video: The Importance of Reporting Your Foreign Assets Correctly
This webinar was taught on October 23rd. The topic was: “The importance of reporting your foreign assets correctly“.
It focused on the importance of knowing and reporting your foreign assets correctly to the United States authorities.
This topic is of great interest to those who own companies, authorized signatures, or bank accounts in their home country or other countries, and file their taxes in the U.S. If you meet any of these requirements, you may need to submit additional documentation supporting your case to the authorities.
It is critical to know these possible liabilities since the fines for not reporting foreign assets can be extremely high.
Watch the video here: