Tim Speiss discusses foreign direct investment, tax reporting for the IRS, balance sheet disclosure and investment account disclosures.

Tax Reporting of Foreign Direct Investment


This podcast takes on one of the most complex and potentially impactful aspects of tax reporting. Tim Speiss relates that with regard to off-shore investment tax reporting on U.S. tax returns – especially those with real estate, bank and investment account holding, there are enhanced disclosure requirements, which can even include submitting balance sheets. Further tax code changes regarding foreign direct investments are probable, IRS review remains rigorous and the likelihood of new disclosure requirements is high – all making timely compliance more difficult.


Dave Plaskow: Hello, and welcome to EisnerAmper’s podcast series, where we explore the business and accounting topics that matter most to you. In this episode, we’ll cover the complexities of tax reporting of foreign direct investment. With us today is Timothy Speiss. Tim is the Partner in Charge of EisnerAmper’s Personal Wealth Advisors Group and Vice President of EisnerAmper Wealth Planning. Tim, welcome, and thanks for being here.
Timothy Speiss: Thank you.

Timothy Speiss is Co-Leader of EisnerAmper's Personal Wealth Advisors Group and Vice President of EisnerAmper Wealth Planning LLC. He chairs our Asia Practice and is a member of the firm’s community service group, EisnerAmper Cares.

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