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CSTC Academy: Summer Symposium Series - FATCA Rules for Foreign Retirement Account Reporting
Tuesday, June 15, 2021, 8:30 AM - 10:10 AM PDT
Category: CSTC Summer Symposium

FATCA Rules for Foreign Retirement Account Reporting
Tuesday, June 15, 2021
8:30 AM to 10:10 AM

Speaker: Monica Haven, EA, JD, LLM
2 Federal Tax Law Hours
IRS: 18QC1-T-01470-21-O
CTEC: 1000-CE-4870

Session Description:
Beyond the basics of FBARs and Form 8938, taxpayers who live and work abroad may have additional reporting obligations. This class will unveil the complexity of the mandated reporting regime for clients invested in foreign “trusts” and 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 that do not enjoy the same tax benefits of their American counterparts.

Knowledge Level: Advanced

Learning Objectives:

#1: Identify a taxpayer’s foreign investment as a PFIC and understand the reporting requirements for foreign pension and retirement accounts.

#2: Recognize which foreign investment may be deemed to be a trust subject to FATCA reporting.

#3: Properly complete Forms 8621 and 3520 and help clients remain compliant.

Monica Haven, EA, JD, LLM

Monica Haven, E.A., J.D. has a Masters in Taxation (LL.M.); she is an alum and former faculty member of the National Tax Practice Institute, a recognized speaker on the professional circuit, a sought-after guest lecturer on college campuses and at community organizations. She welcomes every opportunity to share her experience and expertise in the classroom even as she maintains her Southern California tax practice and serves her loyal clientele nationwide. Monica’s students have said, she’s a “fantastic speaker” who can take “hard subjects and put them into concepts or analogies that are easy to understand.” For additional information, published articles and extensive, useful tax information, please head for Monica’s website at