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Many countries have community property laws. When a U.S. citizen is living abroad and married to a nonresident alien, how do you decide how to apply community property rules to prepare and file a tax return for the U.S. citizen spouse?
Presenter: Phil Hodgen
Materials: Dropbox
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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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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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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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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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