Taxation for Individuals Living Abroad (17W753-13)
Description
As our employment, investing and retirement environments become more
global and increase in complexity, accountants need to know 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 of individuals and
opportunities to minimize the potential for double taxation by two or
more countries.
Learning Objectives
Advise clients on the tax issues they may face when living a global
lifestyle.
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 theU.S .
Tax Effects of Tax
TreatiesU.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
