-
Course Level :Basic
-
Credits :2
-
Instructional Method :Group Internet Based
-
Pre-requisites :None
-
Advance Preparation :None
Nonresidents – whether individuals or corporate
entities/non-grantor trusts – are primarily taxed on income sourced to the
United States.
Limited tax on
foreign-sourced income can occur to the extent the nonresident maintains an
office or fixed place of business in the United States, but American tax for
nonresidents focuses on American-sourced income.
Why is it important to know the source of a taxpayer’s
income?
It is important
because the foreign tax credit (FTC) can only offset U.S. taxes on foreign
source income. A U.S. person is subject to worldwide taxation on income from
all sources. However, a foreign person is subject to U.S. tax only on their
income from sources within the U.S., with minor exceptions. Thus, the sourcing
of income is necessary because amounts reported by a taxpayer are not
automatically included in the calculation of U.S. taxable income.
Speaker Patrick McCormick in
this CE/CPE course covers income sourcing rules for United States income tax
purposes.
This online Taxation course will cover the following topics:
This CE/CPE webinar begins with an overview of why income sourcing rules dictate American tax requirements for non-residents. It also covers assorted income tax sourcing categories, with exceptions to general rules and treaty alterations.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.
, Lambers, Inc.
Lambers Financial is a leader in providing E-learning courses for accounting professionals looking to achieve the industry's most recognized designations such as the Certified Public Accountant (CPA) and Enrolled Agent (EA). Accounting and finance professionals around the world incorporate Lambers products into their training programs.
Lambers CPA Review was started by Vincent W. Lambers in July of 1966 in Boston, MA. The first class had six students and from that point, the program grew to be the largest live instruction CPA Review program in New England. The Lambers teaching method of illustrations, examples and working problems has helped over 250,000 candidates pass the CPA Exam since that first class in 1966.
Today, Lambers review courses deliver that same successful teaching style to exam candidates via online video, unique adaptive testing software, and textbooks. Over the last two decades, we've expanded our offerings to include the Enrolled Agent (EA), an extensive library of both IRS approved continuing education (CE) courses (including the IRS Federal Tax Refresher (AFTR) course for registered tax professionals), and NASBA approved continuing professional education (CPE).
See why Lambers Financial has remained a leader in professional education for over fifty years! Visit our website today to check out our full line of review courses and titles.
9 Ratings
MR
May 2nd, 2022
goo course ... extremely technical
2 Credits
Subject Area
Aug 12, 2022 | 11:00 AM EDT
We use cookies to make your experience on this website better