Webcast
Foreign Assets
A practical guide to FBAR and FATCA compliance—thresholds, what’s reportable, how to file, and how penalties are actually applied—plus the main options for bringing noncompliant clients back into the system.
$49.00
Webcasts are available for viewing Monday – Friday, 8am – 8pm ET,
and Saturday & Sunday, 10am – 6pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
1 Credits: Taxes
Course Level
Overview
Format
Webcast
Course Description
Foreign asset reporting has become a high-stakes compliance issue—harder to ignore, easier to detect, and far more expensive when mishandled. In this CPE webcast, Alice Orzechowski, CPA, CMA, EA walks through the evolution of offshore enforcement (from the Bank Secrecy Act and FBAR’s national-security roots to modern IRS penalty administration), including the practical implications of current penalty frameworks and key court-driven interpretations of willfulness and “reasonable cause.”
You’ll get a clear, practitioner-focused breakdown of FBAR rules (who files, the >$10,000 aggregate test, filing mechanics, joint accounts, late filing considerations) and FATCA reporting on Form 8938 (thresholds, what is and isn’t reportable, and how “duplicate reporting” works alongside other international forms). The course also maps the main routes back into compliance—Streamlined Filing Compliance Procedures and the Voluntary Disclosure Practice—and flags why “quiet disclosure” can create additional risk.
Learning Objectives
After completing this course, participants will be able to:
- Identify which U.S. persons must file an FBAR (FinCEN Form 114), including the >$10,000 aggregate threshold and the impact of signature authority.
- Apply core FBAR filing requirements, including due dates/automatic extension, record-retention expectations, joint ownership handling, and late-filing considerations.
- Distinguish FBAR penalty categories (non-willful vs. willful) and describe how courts and facts influence penalty exposure.
- Determine when Form 8938 (FATCA) is required, including key thresholds and examples of reportable vs. non-reportable foreign financial assets.
- Evaluate compliance pathways for prior noncompliance, including Voluntary Disclosure Practice and Streamlined Filing Compliance Procedures, and recognize why the IRS cautions against “quiet disclosure.”
Course Specifics
WC1826466739
February 4, 2026
None
None
Compliance Information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02773-26-O
IRS Federal Tax Law Credits: 1
CTEC Course Number: 2071-CE-02216
CTEC Federal Tax Law Credits: 1
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
Alice Orzechowski, CPA, CMA, EA, was born and raised in Washington, DC. She holds BS degrees in Economics and Accounting from the University of Maryland, and an MS in Administration and Management from Hood College. She is licensed as a Certified Public Accountant, Certified Management Accountant, and Enrolled Agent. Alice has provided advice on tax-related matters in The Washington Post, The Frederick News Post, in various AARP publications, and on Wall Street Journal Radio, CNN, and Today’s Woman Television and is a national speaker on tax topics. Alice earned the CPA accreditation in 1976, and over the course of her …
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