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Taxation for Expatriates

Author/Moderator: Meg Deal, CPA
Publisher: AICPA
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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. This CPE course explores 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.

Topics Discussed:

  • International Assignment Compensation Packages
  • Employer Tax Reimbursement Policies
  • Dual Payroll Arrangements
  • Taxation of Expatriates
  • Section 911 Exclusions
  • Foreign Tax Credits
  • Foreign Currency Conversion
  • Social Security Taxes
  • Totalization Agreements
  • Tax Treaties
  • FinCEN Form 114
  • Comparison of Form 8938 and FBAR requirements

Learning Objectives:
When you complete this course, you will be able to:

  • Identify the components of a compensation package for an international assignment
  • Determine the structuring alternatives between the home and host country for an expatriate assignment
  • Recognize the use of shadow payrolls
  • Analyze how to complete Form 2555 or Form 2555-EZ
  • Determine how to qualify under the bona fide residence and physical presence tests
  • Distinguish how moving expenses interact with the exclusions under Section 911
  • Recognize the different categories of income for which you may claim a foreign tax credit
  • Comprehend how to complete Form 1116
  • Apply the foreign currency conversion procedures
  • Recognize the existence of tax treaties between the United States and other countries
  • Identify the filing requirements of FinCEN Form 114 (formerly Form TD F 90-22.1), Report of Foreign Bank and Financial Accounts (FBAR)
  • Identify the filing requirements of Form 8938, Statement of Specified Foreign Financial Assets

Who Will Benefit?
Tax practitioners and employers who have U.S. clients or employees living overseas.

Prerequisite: None

Advanced Preparation: None

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Videocourse Details

NASBA Field of Study: Taxes
Level: Basic
Recommended CPE Credit: 5
Taxation for Expatriates
Text , 2015
Product# 733727
Availability: In Stock
AICPA Member:$109.00
Your Price:$139.00
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