As our employment, investing, and retirement environments become more global in nature, tax professionals need to be ready for the increasingly complex tax challenges that face our U.S. citizens living abroad. You will explore issues facing U.S. expatriates relating to potential double taxation by two or more countries and tax planning opportunities available to minimize an individual’s overall tax liability.
- Issues facing U.S. citizens living overseas 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
- International assignment compensation package
- Section 911 exclusions
- Form 2555 – Foreign Earned Income
- Form 2555 – Foreign Earned Income Exclusion
- Form 1116 – Foreign Tax Credit
- Form 8938 – Statement of Specified Foreign Financial Assets
When you complete this course, you will be able to:
- Confidently provide invaluable tax advice to their overseas clients.
- Determine Section 911 exclusions.
- Identify structuring alternatives between the home and host country for an expatriate assignment.
Who Will Benefit?
Tax practitioners and employers who have U.S. clients or employees living overseas.
Advanced Preparation: None