Investment and Pass-Through Income Reporting Requirements (Including FBAR and FATCA) – 2017 Law – Course Manual Only

Reporting requirements for interest and dividend income have increased in complexity in recent years with significant changes to Forms 1099-INT, 1099-DIV and new foreign financial reporting procedures.

Topics Covered

  • Discussion of the different interest income types and their tax treatment including: ordinary, U.S. government bonds, tax exempt, OID, and distributable share of interest income from a partnership, S corporation or trust
  • Rules relating to reporting dividend income
  • Analysis of Schedule B Interest and Ordinary Dividends
  • Nominee distributions of interest and dividend income
  • Reporting requirements for foreign investment accounts
  • Preparation of FinCEN Form 114 Report of Foreign Bank and Financial Accounts
  • Offshore voluntary disclosure program
  • Preparation of Form 14654 Certification by U.S. Person Residing in the United States for Streamlined Domestic Offshore Procedures
  • Foreign Account for Tax Compliance Act (FATCA)
  • Preparation of Form 8938, Statement of Specified Foreign Financial Accounts
  • Procedures for persons who own Canadian retirement accounts
  • Pass-through income reported on Form K-1

By the conclusion of this course, you should be able to:

  • Identify where and how to report interest and dividend income
  • Describe filing requirements for Schedule B, Interest and Ordinary Dividends
  • Distinguish between FBAR and FATCA reporting requirements with respect to overseas investments
  • Complete Form 8938 Statement of Specified Foreign Financial Assets
  • Complete Form FinCEN 114 Report of Foreign Bank and Financial Accounts
  • Describe requirements for the Offshore Voluntary Disclosure Program with respect to undisclosed foreign financial assets
  • Complete Form 14654 Certification by U.S. Person Residing in the United States for Streamlined Domestic Offshore Procedures
  • Interpret income and deduction items shown on a Schedules K-1 issued by a partnership, s-corporation or fiduciary flier
  • Complete Schedule E Page 2, to report pass-through income reported on Schedule K-1


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Section 8.1

Course Manual Only

Course Type:



2017 Tax Law

Registration Status:

Registration Open
Ends: Thursday, August 15th, 2019 11:59 PM (PDT)

Course Status

Started: Wednesday, August 15, 2018 11:59 PM (PDT)

Ended: Saturday, August 15th, 2020 11:59 PM (PDT)

Course Length:

0 Hours

Course Fees:

Course Materials $3.99
Total $3.99

Course Credits:   0

No CE is awarded with the purchase of this manual. You must enroll in and complete the full version of this course to received CE.

Field of Study


Program Level



Basic tax knowledge

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Pacific Northwest Tax School’s course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media. Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School. As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students taking continuing education courses shall have twelve months from date of enrollment to successfully complete the course and receive their Certificate of Completion.  Students taking the federal only portion or the Oregon 80 Hour Basic Tax Course students have nine months from the date of enrollment to sucessfully complete the course.

Basic Tax Law

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