Investment and Pass-Through Income Reporting Requirements (Including FBAR & FATCA) – 2015 Law – FREE CPE Course
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.
- 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 forStreamlined 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
2015 Tax Law
Ends: Saturday, December 15, 2018 8:48 PM (PST)
Started: Saturday, March 5, 2016 2:59 PM (PST)
Ended: Tuesday, December 25, 2018 8:48 PM (PST)
|NASBA CPE||4 Hours|
|IRS (Federal Tax Law)||4 Hours|
|Oregon Tax Board||4 Hours|
|Oregon State Board of Accountancy||4 Hours|
|Texas State Board of Public Accountancy||4 Hours|
|New York State Board of Public Accountancy||4 Hours|
|QAS Self-Study||4 Hours|
Field of Study
Basic tax knowledge
IRS Federal Program Number
Meet Your Instructor
April Gutierrez, Enrolled Agent:
Known for her entertaining speaking style and ability to make a complex subject easy to understand, April is frequently invited to speak to business groups and news media on tax-related topics. She has a B.A. in Communication Studies from Murdoch University in Perth, Australia. She obtained her Oregon LTC in 1995.
April resides in Portland, Oregon, with her husband Jess and their two sons. Her pastimes include gardening, travel, and playtime with her Arabian horse, Fancy.
Investment and Pass-Through Income Reporting Requirements
Any Time, Anywhere
Our online Learning Management System (LMS), offers you the flexibility to study at your own pace while still enjoying many of the benefits of a live classroom.
- Watch lecture video recordings of live instructor-led classes.
- Break to complete classwork and quiz assignments as instructed.
- If you have a question or need help understanding your assignments, use our Q&A forum to post questions and receive answers from your instructor.
- Complete assignments and tests then submit your answers online.
Advance Preparation Required
Our site requires an up-to-date Adobe Flash® Player and use of a high-speed Internet connection. To ensure your learning experience is worthwhile and productive, we ask all students to take the time to become familiar with our site before attending class.
Recommended Minimum Requirements
The following requirements are recommended for using this site. Few students have reported success while operating outside of these requirements, therefore these are provided as a guideline for troubleshooting if you are having difficulties viewing or operating in this site.
*Your operating system should be fully updated.
If you encounter log in or video viewing difficulties, we strongly recommend you install Google Chrome.
|Connection:||Broadband (512 Kbps+). Mobile hotspots are NOT supported.|
|Browser Plug-Ins:||The latest of the following:|
|Peripherals:||Headphones and/or Speakers|
Disclosures and School Policies
Terms of Enrollment
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
Students taking any Basic Tax Law course, agree to comply with all Terms of Enrollment outlined the enrollment agreement form for that course, a link to which can be found on the catalog page for each Basic Tax course.
Prerequisites & Advance Preparation
Students intending to write the Oregon State Tax Exam, must be at least 18 years of age, and have High School Diploma or GED. Students using our self-paced internet based program should prepare for classes by downloading and printing course materials. For more information including detailed course descriptions and learning objectives, view the details of each course, located on Pacific Northwest Tax School's catalog pages at: https://www.pnwtaxschool.com/list-of-all-courses/
Continuing professional education courses including interactive, non-interactive and correspondence program fees are non-refundable and non-transferable. Webinars/Webcasts are non-transferable and in most cases non-refundable. A student may choose to be switched to another Webinar/Webcast of equal or lesser value if a conflict with the scheduled time exists. In the case of a missed Webinar/Webcast a request to transfer to a new Webinar/Webcast must be made with 48 hours of when the Webinar/Webcast aired. Refunds will be issued ONLY prior to the start of the Webinar/Webcast. A $15.00 processing fee will be withheld from all refund amounts. For more information regarding administration policies including complaints and refunds, please contact our offices at 503-646-5600.
Pacific Northwest Tax School gives the highest priority to delivering quality education programs. If you have concerns about our programs please contact the Pacific Northwest Tax School Education Coordinator at: [email protected]
Manuals distributed and programs sponsored by Pacific Northwest Tax School are designed to teach application of tax laws. Pacific Northwest Tax School works to provide accurate and timely material to students, however the school does not have any responsibility if human and/or mechanical error exists. Accordingly, no assurance is given by Pacific Northwest Tax School that such information is totally comprehensive or accurate in its coverage of such subject matter. Information published or sponsored by Pacific Northwest Tax School should not be relied upon as a substitute for independent research to original sources of authority such as the Internal Revenue Code, IRS Publications and Internal Revenue Rulings. Pacific Northwest Tax School, its authors, and instructors do not render legal, accounting, or other non-educational professional advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought. Credit hours are subject to change without notice.