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F.B.A.R. Compliance and Controversy: Foreign Asset Reporting for Individuals and Entities

  • Ruchelman P.L.L.C. 150 East 58th Street New York, NY, 10155 United States (map)

Although some Federal priorities change, the I.R.S. continues to focus on offshore bank accounts and the obligation to report foreign assets on the Report of Foreign Bank and Financial Accounts or "F.B.A.R." Civil and criminal penalties for noncompliance have become increasingly complex as the I.R.S. homes in on a taxpayer’s intent.

In this program, Rusudan Shervashidze and Lawrence S. Feld will explore the F.B.A.R. reporting regime and discuss the U.S. government's criminal and civil enforcement efforts. Cases and penalties will be addressed. Advisers will acquire the tools necessary to navigate the reporting rules and assist clients with developing workable solutions to rectify past noncompliance.

We will address these and other key issues:

  • Who must file and what foreign assets must be reported
  • Civil and criminal penalties for non-filing
  • Procedures to cure delinquent filing history
  • The statute of limitations on I.R.S. assessment when taxpayers fail to timely report offshore assets
  • Current recordkeeping requirements


Rusudan Shervashidze, Ruchelman P.L.L.C.
Lawrence S. Feld, Law Office of Lawrence S. Feld


12:00 P.M.  Welcome Lunch
12:30 P.M.  Presentation


CLE 1.0 Areas of Professional Practice (non-transitional)*
CPE 1.0 Taxation

*Application for New York accreditation of this course is currently pending.

Date & Time

Tuesday, March 6
12:00 P.M. – 1:30 P.M.
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Ruchelman P.L.L.C.
150 East 58th St., 22nd Fl.
New York, New York 10155


For questions regarding this and other Ruchelman events, contact lapper@ruchelaw.com.