U.S. Income Tax Compliance and Reporting: Tax Reporting Delinquencies and Considering U.S. Investments

U.S. citizens and green card holders must report their worldwide income and file a variety of reporting forms with the IRS to disclose their interests in foreign bank accounts, trusts and corporations. Failure to file such reporting forms can subject U.S. taxpayers to significant civil and potentially criminal liability. Various programs exist allowing U.S. taxpayers the opportunity to come into compliance with their reporting responsibilities. The presentation will describe these programs and the various requirements for individuals to come into compliance with their U.S. tax reporting responsibilities.

Expatriate U.S. taxpayers and non-U.S. individuals are increasingly interested in investing in U.S. businesses and real estate. In addition to tax reporting responsibilities, the presentation will discuss the advantages and disadvantages of the different entity structures foreign investors may consider for their U.S. investments.