Tax Credits for Individuals Residing Outside the United States

Target Audience: CPAs, EAs, Annual Filing Season Program Participants
Field of Study: Taxes (NASBA); Federal Tax Law (IRS)

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM (AFSP) PARTICIPANTS. Others, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

Note: the credit received from this seminar qualifies as continuing education that is required to obtain the voluntary AFSP – record of completion. However, this website does not offer the AFSP annual federal tax refresher (AFTR) course.

IRS COMMUNICATIONS AND LIAISON 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.LEARNINGMARKET.ORG.

DISCLAIMER: This Seminar was recorded on August 11th, 2022, and was a Virtual Online Event Due to COVID 19

Seminar/Program Level: Basic
Recommended Continuing Education Credit: 1

U.S. individuals living outside the United States (including those residing in U.S. territories) may, if they meet the requirements, be eligible for certain tax credits. In this webinar, you will learn how to determine which credits your clients may be eligible for and whether they meet the requirements to claim that credit. This webinar will include information on credits such as the Earned Income Credit, the Child Tax and Additional Child Tax Credits, the American Opportunity Credit and the Recovery Rebate Credit.

At the conclusion of this webinar, you will be able to:

list the credits potentially available to individuals residing outside the United States
cite the requirements for claiming the Earned Income Tax Credit
explain the Earned Income Credit AGI limitations
define a Qualifying Child for EITC purposes
list the items that must be included in Modified Gross Income

No prerequisites or advanced preparation are required for this seminar.