Foreign Earned Income: Form 2555 Exclusion Reporting and Other Tax Issues for Expat Workers
Authored by Marc Strohl
About this Course
Topics covered include:
Understanding the foreign earned income exclusion;
Complying with requirements for housing cost exclusions;
Planning with foreign tax credits;
Making sense of complex tax treaties;
Comprehending Social Security totalization agreements.
Describe income tax reporting and planning issues relating to Americans working abroad, from both the employee's and employer's perspectives;
Recognize how to guide clients in complying with requirements for housing cost exclusions;
Identify how to perform tax planning with foreign tax credits;
Recognize how to handle Social Security totalization agreements
Identify the foreign earned income exclusion amount for 2017
Differentiate statements with respect to foreign earned income exclusion;
Describe what is considered a workday based upon purposes of determining U.S. versus foreign earned income;
Differentiate statements with respect to the bona fide residence test;
Recognize the which forms relate to information returns of a U.S. transferor of property to a foreign corporation;
Identify proper information relating to foreign earned income
Assess local taxation based upon most countries worldwide;
Recognize a way an expat can avoid double taxation;
Describe characteristics of FEIE
Identify physical presence test required taxpayers to maintain how many full days of presence abroad in a foreign country out of a 12-month period;
Recognize which of the following housing related tax considerations is used when the individual assignee is self-employed.
$ 75.00
Course is unavailable for purchase.
NASBA Field of Study
Taxes
Level
Intermediate
CPE Credits
2.0
Prerequisites
Basic understanding of federal income taxation concepts.
Last Updated
03/01/2018
12628
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