Income Tax Inclusions for Nonresidents: Tax Treaty Modifications

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Course Description
Course Qualification
Presenter
FAQ

Course Description

Overview

Hypothetical fact pattern

5 mins
Income tax treaties - Basic structure

10 mins
Income tax treaties - Who can obtain benefits?

28 mins
Tax treaties - Common provisions

52 mins
FDAP income modification examples

83 mins

Course Description

Income tax treaties primarily function to permit qualified tax residents of a treaty party country to (beneficially) modify statutory rules of source-country taxation. For nonresidents, a prerequisite to tax analysis is ascertaining whether the nonresident can utilize an American tax treaty – as their scope/rates of tax are substantially modified if so.

The United States maintains income tax treaties with roughly seventy countries, with each treaty containing distinct terms/articles built around common principles. Under treaties, residents of a treaty country can be taxed at a reduced rate, or even exempted from tax, on specified items of income from the other country. The savings clause prevents a United States citizen/resident/entity from using a tax treaty to alter tax on US source income.

Speaker Patrick McCormick in this CPE course covers threshold-level considerations for nonresident tax standards under income tax treaties.

Following are the major topic covered in this online IRS Approved taxation course:

Income Tax Treaties - Basic Structure
Income Tax Treaties - Who Can Obtain Benefits?
Tax Treaties - Common Provisions
Permanent Establishments
Permanent Establishment Mechanics
Permanent Establishments in a Digital Economy
Tax Treaties - FDAP Income
FDAP Income Modification Examples
Reporting Requirements

In this CE/CPE webinar, a brief review of statutory rules is provided for context, with an overview of the function of tax treaties then provided. Focus is then given to qualification for treaty benefits. Specific treaty standards are then evaluated in detail.

Learning Objectives

To discuss threshold-level considerations for nonresident tax standards under income tax treaties.
To review statutory rules
To analyze the function of tax treaties.
To discuss qualifications for treaty benefits.
To evaluate specific treaty standards in detail.

Recommended For

This IRS-approved CE webinar is recommended for CPAs, EA, AFSP, CRTP, MRTP, ORTP, CFIRS, CWS, tax partners, tax return preparers, tax attorneys, and other tax practitioners who want to understand threshold-level considerations for nonresident tax standards under income tax treaties.
This CPE/CE course is also helpful for tax professionals who want to understand everything about Pre-Immigration tax planning.

Who Should Attend?

Accountant
Accounting Firm
Accounting Managers
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
Maryland Tax Preparers
Oregon Tax Preparers
Senior Accountant
Staff of Accounting Firm
Tax Accountant (Industry)
Tax Attorney
Tax Director (Industry)
Tax Firm
Tax Managers
Tax Practitioners
Tax Preparer
Tax Professionals
Tax Pros
Young CPA

Course Qualification

Webinar Qualifies For

2.5 General Credit for Accountant/Bookkeeper (ACCT./BK)
2.5 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
2 CE Credit of Federal tax-related matters for Annual Filing Season Program (AFSP)
2 CE Credit of Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-01144-22-S)
2 CE Credit of Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0948)
2 CE Credit of Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-01144-22-S)
2 CE Credit of Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-01144-22-S)
2.5 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
2.5 CE Credit for Certified Wealth Strategist (CWS)

Additional details

Course Level :

Basic
Credits :

2.5
Instructional Method :

QAS Self Study
Pre-requisites :

None
Advance Preparation :

None

IRS APPROVED

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.

NASBA APPROVED

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.

CTEC APPROVED

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.

Presenter

About Presenter

Lambers, Inc.

Owner, 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.

Faq

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