Beyond the Basics of FATCA: Foreign Retirement Account Reporting Webinar


U.S. citizens living and working abroad face a myriad of onerous reporting requirements for foreign bank accounts and assets. The U.S. Treasury has engaged in much-publicized enforcement activity which, to the relief of the practitioner community, has compelled taxpayers to become compliant with their FinCEN 114 and Form 8938 filing obligations. But it may well be too soon to rest easy if our clients are invested in passive foreign investment companies (PFICs), such as foreign money market accounts [yikes!], mutual funds, hedge funds, insurance products and [oh my!] pension and retirement accounts as these generally do not enjoy the same tax benefits of their American counter-parts. This class will unveil the complexity of the mandated reporting regime for PFICs (Form 8621) and for those investments deemed to be foreign “trust” (Form 3520).

This course is included in our Foreign Tax Day event. Receive a discount when you purchase the session bundle.


Upon completion of this course, you will be able to:

  • Distinguish between foreign bank account, foreign asset and foreign retirement account reporting
  • Understand that certain investment accounts held abroad may be deemed to be passive investment companies and/or trusts subject to additional disclosures
  • Recognize that the income tax treatment of foreign retirement accounts differs significantly from the treatment of "qualified" accounts held in the U.S.
  • Properly complete forms mandated under the FATCA reporting regime
  • Appreciate the gravity and high cost of non-compliance

Course Details

Subject matter experts will answer your questions during the presentation. We make every effort to answer as many questions as possible during the webinar but we may not be able to directly address every question.

This webinar includes the presentation slides, attendee top questions and access to the webinar recording.


Presented by: Monica Haven, EA, JD

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