Your client did not disclose their foreign financial assets or foreign income, now what? Without proper knowledge of international tax laws, tax professionals might overlook critical disclosures of foreign financial assets, resulting in hefty penalties and interest for clients. Clients often face confusion and anxiety when dealing with complex international tax issues, and inexperienced tax professionals can exacerbate these feelings by providing incomplete or incorrect guidance. In addition, inexperienced tax professionals may not be aware of programs like the IRS Streamlined Filing Compliance Procedures, missing out on opportunities to help their clients fix their delinquency while reducing penalties.
This session will be led by Laura M. Tshilumba, CPA, a distinguished international tax expert who regularly advises other CPAs on complex international tax matters. Join this session to be guided through clear, actionable solutions that will ensure compliance and mitigate penalties for your clients with foreign financial assets and foreign business operations.
Learning Objectives:
Laura M. Tshilumba, CPA
Director, International Tax
lauratshilumbacpa@gmail.com
Laura is the leader of the international tax practice at HLB Gross Collins. As a CPA with close to two decades of expertise in U.S. international taxation, Laura takes the hassle out of filing U.S. tax returns for American expatriates. She also helps American expatriates and dual U.S. citizens rectify their past due U.S. tax returns with the least amount of pain and on the most favorable terms with the IRS.
Serving clients throughout the world, Laura is committed to helping her clients maximize tax savings strategies in the U.S., while also implementing an aligned global structure for clients with multi-national operations in several industries including but not limited to consumer products, manufacturing, distribution, and technology.
An educator at heart, Laura is a presenter of NASBA-certified CPE courses on international tax matters -helping tax professionals connect the dots between the tax law and IRS tax forms.
In her pursuit of becoming a healthy accountant who mentally, spiritually, and physically thrives busy season after busy season, Laura became a certified health mindset coach and a certified integrative health nutrition coach. In 2021, she started her health and wellness business where she coaches executive women and women entrepreneurs to manage their stress levels and prevent burnout from high-pressure work and business environments, by implementing authentic self-care regimens that translate to high performance, greater visibility, leadership opportunities, and increased financial net worth. She also coaches high-achieving women into living in their now body, while improving on their wellness without sacrificing their mental health or their favorite cultural foods.
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CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.
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