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March 5, 2021

Wednesday, March 17 | Foreign bank account reporting (FBAR) (1 pm ET)

Avoiding the pitfalls, penalties and consequences of noncompliance

FBAR impacts virtually every US organization with an international footprint, along with numerous individuals for both personal and company accounts. While simplistic in appearance, the FBAR form and the required determinations therein can be surprisingly complex, and in certain instances US persons struggle with completing the form accurately.

As FBAR cases highlighting substantial penalty assessments continue to surface in the news and courts, filers worry about potential reporting and non-compliance errors. Join us as we discuss successful approaches for practically applying the rules while avoiding common missteps.

The following topics will be discussed:

  • Overview of filing requirements: financial interest and signature authority filings
  • Common reporting issues
  • Potential penalties and scope of willfulness standard
  • Reporting changes on the horizon and what filers should be doing now

Date: Wednesday, 17 March 2021

Time: 1:00–2:00 p.m. EDT New York; 10:00–11:00 a.m. PDT Los Angeles

Registration: View archive here.


  • Lauren Lovelace, Principal, International Tax & Transaction Services, Ernst & Young LLP

  • Kunal Pawa, Senior Manager, International Tax & Transaction Services, Ernst & Young LLP

  • Saul Tilmann, Senior Manager, Information Reporting & Withholding, Ernst & Young LLP


  • Jonathan Jackel, Managing Director, Information Reporting & Withholding, Ernst & Young LLP

CPE credit offered: up to 1.2 depending on actual duration. Recommended field of study: Taxes. Learning objective: Understand compliance rules for reporting offshore financial accounts. This intermediate level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information.

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