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May 2018 International Tax Lunch: Withholding on Foreign Members of LLCs and Partnerships

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May 22, 2018 - Rachel Allen

May 2018 International Tax Lunch: Withholding on Foreign Members of LLCs and Partnerships

Withholding on Foreign Members of LLCs and Partnerships

When a foreign person owns a US partnership interest or US LLC membership interest, the partnership or LLC has withholding and information reporting responsibilities. Learn what the withholding and reporting responsibilities are.

Presenter: Haoshen Zhong

Materials: Dropbox

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April 30, 2018 - Rachel Allen

April 2018 International Tax Lunch: How Foreign Mutual Funds are Taxed and Reported

How Foreign Mutual Funds are Taxed and Reported

Foreign mutual funds typically are classified as passive foreign investment companies (PFICs) for US tax purposes. PFICs have a notoriously punitive tax treatment. Learn why foreign mutual funds are PFICs, and how to compute income and tax under the mark-to-market method of PFIC taxation. Lastly, learn how to prepare Form 8621 to report income from foreign mutual funds.

Presenter: Debra Rudd

Materials: Dropbox

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March 27, 2018 - Rachel Allen

March 2018 International Tax Lunch: Treaty Election for Nonresident Status

Making the Treaty Election for Nonresident Status: When and How to Do It

Income tax treaties allow some taxpayers (if they meet the requirements) to convert themselves from resident alien status to nonresident alien status for income tax purposes. Learn about these treaty provisions called “tie-breaker rules” and find out who can use them. Identify how do the treaties work and how do you prepare Form 8833 to claim nonresident status.

Presenter: Phil Hodgen

Materials: Dropbox

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February 15, 2018 - Rachel Allen

February 2018 International Tax Lunch: Pensions as Foreign Trusts

Pensions as Foreign Trusts

U.S. citizens and foreign persons who immigrate to the U.S. often have foreign pensions. The U.S. tax law does not accommodate foreign pensions well, with the result that many of these pensions do not give tax deferral. Learn to recognize when a foreign pension fails to provide tax deferral and the U.S. tax and reporting consequences.

Presenter: Haoshen Zhong

Materials: Dropbox

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January 25, 2018 - Rachel Allen

January 2018 International Tax Lunch: Form 5472 Filing Requirements and Preparation

Form 5472 Filing Requirements and Preparation

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: Debra Rudd

Materials: Dropbox

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