After completing this course, you should be able to: Identify and apply a fundamental understanding of tax issues, consequences, and opportunities involved with the sourcing of income; Differentiate the U.S. rules of allocating and apportioning expenses; Recognize and apply how to properly advise clients so they can minimize their U.S. taxes Identify situations where double taxation may still occur; Recognize scenarios where U.S. tax withholdings on income paid to a foreign person would apply; Identify exceptions to the U.S. sourcing rules for interest income; Differentiate examples of where sale of inventory is reported as foreign source income for U.S. tax purposes; Recognize scenarios where all income could be attributed to U.S. sources; Identify where compensation components of a defined benefit plan is sourced; Identify why taxation of athletes is complex; Recognize when an individual receives payment for services performed both within and outside the U.S. income is typically apportioned; Differentiate types of income sources in the U.S.; Recognize when a U.S. taxpayer cannot claim the foreign tax credit for foreign taxes; Identify why it may be difficult to allocate leased income; Describe when residency is established when sourcing income from the sale of personal property; Identify when payers are required to withhold FDAP income Recognize when a foreign client does not pay tax; Differentiate proper methods to allocate deductions.