Miami, FL (PressExposure) February 11, 2011 -- MBAF ERE's Jack Brister, MBA, TEP and director of the international tax and private client services, recently spoke at the Society of Trust & Estate Practitioners (STEP) Bahamas. The conference held Feb. 9 in Nassau, Bahamas, provided an update on the Foreign Account Tax Compliance Act (FATCA) rules affecting offshore financial institutions as well as the new Offshore Voluntary Disclosures.
Brister's presentation focused on comments received by the U.S. Treasury Department from the professional community, and specifically addressed which provisions would affect financial institutions the most.
"Jack's update on these extremely important rules is vital to financial institutions operating in today's climate," said Ira Rubenstein, partner-in-charge of MBAF ERE's New York region. "His work with STEP demonstrates the depth of knowledge that MBAF ERE brings to its financial services clients."
Brister is a recognized authority on various U.S. international issues, including tax laws governing foreign trusts and estates and their underlying structures. He specializes in international private client tax planning and compliance, international trust and estate tax compliance, international wealth transfer planning, taxation of international closely held business activities, and international family office services.
He is a member of key professional organizations including the International Tax Planning Association, the Society of Trust and Estate Practitioners - New York branch, CPAmerica and the American Institute of CPAs. He serves as treasurer, chairman of Technical Comments Committee and the board of directors for the Society of Trust and Estate Practitioners New York branch. Additionally, he serves on AICPA's Foreign Trust Task Force and has served on CPAmerica's International Tax Committee.
For more information on MBAF ERE, please visit http://www.mbafcpa.com.