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Course Details

Tax Issues for Americans Abroad (Video) (Course Id 990)

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Author : Stuart Sobel, Enrolled Agent (EA), Author, Radio Host, Indiana University Faculty
Status : Production
CPE Credits : 2.0
IRS Credits : 2
Price : $29.95
Passing Score : 70%
Primary Subject-Field Of Study:

Taxes - Taxation for Course Id 990

Description :

Our world has become a lot smaller. From the comfort of our offices we can transact business with major financial centers located on other continents. People are leaving the USA and taking residency in other countries. Their reasons for leaving are varied. Even though they reside in another country, they still have US tax obligations.

Taxpayers want to reduce their tax liability as much as possible. If they have to pay foreign taxes, they want to maximize any foreign tax credits that they are entitled to receive. The United States tax law allows exclusions for certain types of income earned abroad. The criteria, however, is very strict, and mistakes can wreak havoc on a client’s tax bill.

Because the Internal Revenue Service wants to ensure that voluntary compliance is maintained, it has instituted a significant amount of investigation and information reporting of foreign activities by individuals. This short course will provide an introduction to the major tax issues affecting U.S. citizens living or transacting business abroad. It will include recent changes relating to international tax issues.

The following topics will be discussed:

    • Although income from abroad is taxable, certain items may be excluded.
    • Taxation of nonresident aliens
    • Introduction to tax treaties
    • Filing requirements
    • Withholding and Social Security tax issues
    • Foreign earned income and housing exclusions
    • Foreign tax credit computations
    • Obtaining international tax assistance
    • Impact of bank secrecy laws and currency transaction requirements
    • Contributions to foreign charitable organizations
    • Taxation of dual-status aliens
    • New developments in international taxation

Usage Rank : 0
Release : 2016
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE)
Revision Date : 30-Apr-2016
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - NASBA Registry - IRS Enrolled Agents - 990

Keywords : Taxes, Tax, Issues, Americans, Abroad, Video, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

Upon successful completion of this course, participants will be able to:
    • Compute a foreign income exclusion
    • Understand the significance of a tax treaty
    • Recognize the differences between a U.S. citizen, resident alien, non-resident alien, and dual-status alien
    • Explain tax planning tools to clients who are moving or residing abroad
    • Identify recent tax changes impacting U.S. taxpayers involved with international activities
Course Contents :

Chapter 1 - Tax Issues for Americans Abroad

 

Chapter 1 Review Questions

 

Tax Transcript Glossary

Taxes Course 990 Home: https://www.cpethink.com/irs-ea-cpe-courses
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