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November 2018 International Tax Lunch: FIRPTA Withholding

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November 15, 2018 - Rachel Allen

November 2018 International Tax Lunch: FIRPTA Withholding

Withholding When a Foreign Person Sells U.S. Real Property

The Foreign Investment in Real Property Tax Act (FIRPTA) requires tax withholding when a foreign person transfers real property interest in the U.S. Learn what the withholding requirements are and how to meet them.

Presenter: Debra Rudd

Materials: Dropbox

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October 22, 2018 - Rachel Allen

October 2018 International Tax Lunch: The Exit Tax

Expatriation: The Tax Consequences of Relinquishing U.S. Citizenship or Green Card Status

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: Phil Hodgen

Materials: Dropbox

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September 17, 2018 - Rachel Allen

September 2018 International Tax Lunch: Dual-Status Returns

Dual Status Returns: What They Are, How They Work, How to Prepare Them

A dual-status return reports income for part of the year as a resident and part of the year as a nonresident. Learn how to identify the transition date; how income, exemptions, deductions and credits work on dual-status returns; how the foreign earned income exclusion
can be applied; and how to prepare a dual-status return.

Presenter: William Shiraga

Materials: Dropbox

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August 22, 2018 - Rachel Allen

August 2018 International Tax Lunch: Form 5471 Categories and Attribution Rules

Form 5471 Categories and Attribution Rules

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

Presenter: Debra Rudd

Materials: Dropbox

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July 24, 2018 - Rachel Allen

July 2018 International Tax Lunch: An In-depth Guide to the Certification Test

Expatriation: An In-depth Guide to the Certification Test

When someone terminates their US citizenship or permanent residency, they may be subject to the expatriation rules. There are three tests that a taxpayer must meet to qualify as a “non-covered” expatriate. This presentation covers what must be done to meet the certification test, which asks if all tax obligations have been met for the five years prior to the year of expatriation.

Presenter: Debra Rudd

Materials: Dropbox

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