Surgent's International Tax Challenges and Opportunities for U.S. Filers
Monday, March 10, 2025
Webcast or Webinar, Online
2:00 PM - 5:00 PM (opens at 1:30 PM) EST
3Credits
Technical Business
Registration is Open
Members
$169.00 Regular Price
Non-Members
$214.00 Regular Price
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Course Type: Webcast
Course Code: 24/SUITX399
Level: Basic
Vendor: Surgent
Field of Study: Taxes
Overview:
Globalization continues to make it easier for taxpayers to live abroad, do business in other countries, or invest in foreign enterprises. This creates significant complications and tax planning opportunities when it comes to filing U.S. tax returns. This course provides an overview of the unique tax challenges and solutions presented to U.S. expats or investors living or investing abroad. It examines how foreign-source income is taxed in the U.S. and how the tax consequences could be mitigated by applying the tax treaties, claiming credit for foreign taxes paid, or excluding foreign-earned income. Additionally, the course discusses the numerous foreign informational form reporting requirements and the significant penalties that could be imposed by the IRS. Examples from real-life client scenarios are included.Objectives:
- Advise clients on unique tax issues faced by U.S. residents living, doing business, or investing abroad
- Understand how foreign-source income is taxed in the U.S.
- Advise clients on key tax-saving opportunities available
Major Topics:
- Residency status for U.S. federal income tax purposes
- Key provisions of U.S. income tax treaties
- Overview of the taxation of income from foreign entities
- Understanding Foreign Tax Credit
- Identifying foreign-source and U.S.-source income
- Foreign earned income and housing exclusion
- Foreign informational form filing requirements
Major Topics:
- Residency status for U.S. federal income tax purposes
- Key provisions of U.S. income tax treaties
- Overview of the taxation of income from foreign entities
- Understanding Foreign Tax Credit
- Identifying foreign-source and U.S.-source income
- Foreign earned income and housing exclusion
- Foreign informational form filing requirements