Despite budget constraints and critical vacancies, the IRS continues to target international issues and assert substantial penalties. Review the latest international issues, cases and rulings to stay updated on the ever-changing area. Areas of focus include FBAR violation, expanded foreign asset reporting duties, taxpayers who ceased participation in voluntary disclosure programs, implementation of FATCA weapons, deprivation of passports for tax debtors, automatic penalties for late information returns, compliance initiatives targeting foreign investors in U.S. rental property, foreign trusts, gifts to U.S. persons by expatriates and the new repatriation tax.