Surgent's International Tax Challenges and Opportunities for U.S. Filers

Available Anytime

Location: Online

3Credits

Technical Business

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FICPA Members

~~$54.00 Regular Price~~

Nonmembers

$70.00 Regular Price

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Product Code: SU24-ITX3-SSWC

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

Designed For:

Accounting and finance professionals who advise clients with foreign income

Prerequisite:

None

Additional Info:

You will receive an email from [email protected] with instructions on how to log onto your course shortly. If you do not receive the email within the hour, please check your spam filter.

For technical support, registration questions or other customer service-related inquiries, please call (800) 778-7436 or email [email protected]. Phones are staffed from 8:30 a.m. to 5:00 p.m. Eastern Time, Monday through Thursday, and 8:30 a.m. to 4:00 p.m. Eastern Time on Friday.