Menu

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

RSS
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

... continue reading

June 18, 2018 - Rachel Allen

June 2018 International Tax Lunch: Taxation of Community Property for Americans Abroad (Section 879)

Taxation of Community Property for Americans Abroad (Section 879)

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

... continue reading

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

... continue reading

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

... continue reading

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

... continue reading