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October 2019 International Tax Lunch: Foreign Corporation Information Reporting—Form 5471 and Attribution Rules

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October 25, 2019 - Rachel Allen

October 2019 International Tax Lunch: Foreign Corporation Information Reporting—Form 5471 and Attribution Rules

Foreign Corporation Information Reporting—Form 5471 and Attribution Rules

When a U.S. person owns interest in a foreign corporation or has some other relation with a foreign corporation, they may need to file an information return: Form 5471. Learn the conditions under which Form 5471 is required, attribution rules and what is required.

Presenter: Debra Rudd

Materials: Dropbox

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September 24, 2019 - Rachel Allen

September 2019 International Tax Lunch: Guide to Global Intangible Low-Taxed Income

Guide to Global Intangible Low-Taxed Income

U.S. shareholders of foreign corporations have a new pass-through income category to contend with: GILTI. Except for capital-intensive companies, this has the effect of making foreign operating income immediately taxable to U.S. shareholders.

This session explores the new rules. What is GILTI? How will it affect U.S. shareholders? What countermeasures are available?

Presenter: Phil Hodgen

Materials: Dropbox

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July 25, 2019 - Rachel Allen

July 2019 International Tax Lunch: Accumulation Distribution From A Foreign Nongrantor Trust

How To Report An Accumulation Distribution From A Foreign Nongrantor Trust

When a U.S. beneficiary receives a distribution from a foreign trust, the way the distribution is taxed depends on whether the trustee gives the beneficiary the right paperwork. This presentation looks at the all-too-common scenario where a trustee does not provide the necessary paperwork to prevent bad tax results. Learn how to calculate the accumulation distribution under the default rules, how to compute the tax to the beneficiary, and how to prepare the tax forms to report the distribution.

Presenter: Debra Rudd

Materials: Dropbox

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June 19, 2019 - Rachel Allen

May 2019 International Tax Lunch: Reporting Requirements For A Foreign Corp Holding US Rental Property

Reporting Requirements For A Foreign Corporation Holding A U.S. Rental Property

Many nonresidents hold U.S. real estate through a foreign corporation. In this overview level presentation, learn the withholding requirements, what tax forms to file, and when to file them for each stage of real estate ownership—purchase, rental, disposition—through a foreign corporation.

Presenter: William Shiraga

Materials: Dropbox

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June 19, 2019 - Rachel Allen

April 2019 International Tax Lunch: Foreign Earned Income Exclusion and How to Prepare Form 2555

Foreign Earned Income Exclusion and How to Prepare Form 2555

The Foreign Earned Income Exclusion and related housing deduction/exclusion are a way for Americans abroad to reduce or eliminate their U.S. tax liabilities. But qualifying is complex and understanding exclusions is often unclear. Learn what exclusions are permitted and preparation of Form 2555.

Presenter: Phil Hodgen

Materials: Dropbox

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