Our world has become a lot smaller. From the comfort of our offices we can transact business with major financial centers located on other continents.
Taxpayers want to reduce their tax liability as much as possible. If they have to pay foreign taxes, they want to maximize any foreign tax credits that they are entitled to receive.
The United States tax law allows exclusions for certain types of income earned abroad. The criteria, however, is very strict, and mistakes can wreak havoc on a client’s tax bill.
Because the Internal Revenue Service wants to ensure that voluntary compliance is maintained, it has instituted a significant amount of investigation and information reporting of foreign activities by individuals.
This short course will provide an introduction to the major tax issues affecting U.S. citizens living or transacting business abroad. It will include recent changes relating to international tax issues.
Who Should AttendTax practitioners
Instructional MethodGroup: Internet-based
NASBA Field of Study
Taxes (2 hours)