In his presentation, “Is It Safe? Dealing with the International Aspects of the United States Tax System,” Michael Karlin explores key international taxation and reporting aspects that accountants and advisors should be considerate of when dealing with cross-border individuals, as the federal government continues to crack down on these issues. After debunking common misconceptions, Michael examines how individuals and their corporations can be taxed on international income and investments, how to protect and report foreign trusts, assets, and activity, and the importance of complying with the Foreign Account Tax Compliance Act (FATCA) and other federal regulations as the IRS continues to monitor this space.
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