INTERNATIONAL TAX: CONCEPTS IN A GLOBAL SOCIETY

3.7 (3)

Patrick McCormick, DL, LLM

Culhane Meadows

Before starting this self study program, please go through the instructional document.

Overview

  • Introduction to the speaker1 mins
  • Introduction to the subject2 mins
  • Reporting Requirements4 mins
  • Credits and Exclusions39 mins
  • Double Taxation Options – Tax Treaties41 mins
  • Double Taxation Options – Foreign Tax Credit42 mins
  • General Reporting Requirements48 mins
  • FBAR69 mins
  • FBAR – Penalty Assessment and Enforcement71 mins
  • Retroactive Reporting Options77 mins

Course Description

As the world becomes more global, an exponentially increasing number of individuals have some sort of international ties – whether through family, assets, employment, or a multitude of other factors. For tax practitioners, this has made a working knowledge of the United States tax laws related to international ties an absolute necessity. The webinar introduces basic concepts associated with international tax as it relates to individuals – including classification of taxpayers, implications from an income tax and transfer tax perspective, required information forms, and options for curing prior failures to properly report. It will provide functional knowledge of international tax to speak knowledgeably with clients on international issues & advise appropriately of considerations.

Learning Objectives

  • What are the basic rules for United States citizens, residents, and nonresidents for taxation?
  • What options are available for curing double taxation?
  • What are the most common forms required for international assets?
  • What options exist for prior failures to report?

Who Should Attend?

  • Enrolled Agent
  • Tax Firm

Testimonial

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