Menu

April 2020 International Tax Lunch: Foreign Earned Income Exclusion

RSS
April 17, 2020 - Rachel Allen

April 2020 International Tax Lunch: Foreign Earned Income Exclusion

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. income tax liability. Qualifying for these benefits, however, is complex and understanding what may be excluded is not always clear. Learn how to determine whether an individual will qualify for the exclusion and how to prepare Form 2555.

Presenter: Phil Hodgen

Materials: Dropbox

... continue reading

March 30, 2020 - Rachel Allen

March 2020 International Tax Lunch: Foreign Owners Of Domestic Corporations And Preparing Form 5472

Foreign Owners Of Domestic Corporations And Preparing Form 5472

Foreign owners of domestic corporations and foreign corporations engaged in a U.S. trade or business may have to file Form 5472. Complex attribution rules mean that identifying the reporting requirements can be a difficult task. Learn how to identify when a Form 5472 is required, what types of attribution rules may apply and some of the major issues that need to be reported on Form 5472.

Presenter: Phil Hodgen

Materials: Dropbox

... continue reading

February 25, 2020 - Phil Hodgen

February 2020 International Tax Lunch: Acquisition of U.S. Real Estate by Nonresidents

Acquisition of U.S. Real Estate by Nonresidents: Selecting the Holding Structure

Foreign investors can own U.S. real estate using a variety of holding structures. There is no simple and obviously “best” choice. This session compares taxation of rental income and capital gain, as well as estate and gift tax exposure for a foreign investor. With the 2017 tax law changes, corporations are now much more interesting than they used to be.

Presenter: Phil Hodgen

Materials: Dropbox

... continue reading

February 6, 2020 - Phil Hodgen

January 2020 International Tax Lunch: Expatriation—The Tax Consequences Of Relinquishing US Citizenship

Expatriation—The Tax Consequences Of Relinquishing US Citizenship

U.S. citizens and green card holders are taxable on worldwide income. Terminating citizenship or resident status means Uncle Sam can no longer collect tax from them. Predictably, there are tax hurdles to surmount before being free of the U.S. tax system. Receive an introduction to the exit tax rules: who is caught by them? What are the paperwork requirements? Who must pay tax for the privilege of exiting the U.S. tax system?

Presenter: Debra Rudd

Materials: Dropbox

... continue reading

December 13, 2019 - Rachel Allen

December 2019 International Tax Lunch: Inbound Executives of Foreign Corporations

Inbound Executives of Foreign Corporations: Selected U.S. Income Tax Issues from the Individual’s Point of View

Tax planning gets complicated when you are working with a nonresident coming to the U.S. to work for a while. You need to plan for the transition from nonresident to resident (with different rules for income tax and estate/gift tax), a period of years while the individual is a U.S. resident, followed by an expected return to nonresident status.

Identifying the issues early helps you to minimize tax costs and U.S. tax compliance costs. This session will walk you through the questions that come up—and how to address them—when a foreign executive or other individual comes to the United States as a long-term but temporary resident.... continue reading