Taxation of Individuals Living Abroad and Foreign Nationals Living in the U.S.

Description

Advocate for your clients who live abroad and protect their assets from excessive taxation. As your clients become increasingly global in their employment, investment, and retirement opportunities, their tax exposure becomes more complex, placing expectations on you to guide them through the multinational tax matrix. Learn about the tax issues facing U.S. citizens living overseas and foreign nationals living in the United States. Explore tax issues related to cross-border employment, business, and investment activities and discover new strategies to minimize the potential for double taxation by two or more countries. Course materials include the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law.

Learning Objectives
  • Identify ways to advise current and prospective clients on the tax issues they may confront when living a global lifestyle.
  • Determine residency status.
  • Determine what sources of income are included and not included in taxable income.
  • Recognize effectively connected income (ECI) and how it impacts the taxation of nonresident aliens.
  • Identify tax issues with taxation of dual-status individuals.
  • Identify structuring alternatives between the home and host country for an expatriate assignment.
  • Determine Section 911 exclusions.
Major Topics
  • Foreign nationals
  • Requirement for foreign nationals to file U.S. individual income tax return
  • Concept of world-wide income and interaction with foreign tax credits
  • FDAP (fixed, determinable, annual, periodical income), effectively connected income, and sourcing rules
  • Withholding rules, engagement in trade or business, and real property interest of foreign investors in the U.S.
  • Tax effects of tax treaties
  • U.S. citizens
  • Issues facing U.S. citizens living overseas (expatriates) including earned income and housing exclusion, sourcing of income, deductions, credits, and tax withholding
  • Tax planning opportunities and filing requirements facing U.S. expatriates
  • Responsibility for reporting existence of foreign financial assets
Provider
AICPA
Course Level
Basic
Professional Area of Focus
Tax
CPE Field of Study
Taxes
8
Who Should Attend
Tax practitioners and employers who have foreign clients or employees, or US clients or employees living overseas
Prerequisites

None

Advanced Preparation

None

Location
 
Loyola University Maryland Graduate Center Columbia Campus
8890 McGaw Rd
Columbia, MD 21045 US
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Register Now
When
Nov 15, 2019
8:00 am - 3:30 pm EDT
Location
Loyola University Maryland Graduate Center Columbia Campus
8890 McGaw Rd
Columbia, MD 21045 US
Total CPE Credits
8
Format
In-Person

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$ (% off)
$280.00
Price includes $40 early registration discount(s) - expires 10/16/2019
Price increases to $320.00 on 10/17/2019

NON-MEMBER


$ (% off)
$380.00
Price includes $40 early registration discount(s) - expires 10/16/2019
Price increases to $420.00 on 10/17/2019
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Taxation of Individuals Living Abroad and Foreign Nationals Living in the U.S.


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