Taxation of U.S. Citizens and Resident Aliens (Green Card Holders) Living Abroad
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:
DISCLAIMER: This Seminar was recorded on July 31, 2024, in Orlando Florida
Seminar/Program Level: Basic
Recommended Continuing Education Credit: 1
For U.S. citizens or resident aliens (green card holders), the rules for filing income, estate and gift tax returns and paying estimated tax are generally the same whether they are in the United States or abroad. They are subject to tax on worldwide income from all sources and must report all taxable income and pay taxes according to the Internal Revenue Code. This session addresses common misconceptions related to the taxation of green card holders living outside the United States, the foreign earned income exclusion, totalization agreements, the effect of the saving clause on treaty provisions and filing requirements for individuals with U.S. territory income. By the end of this seminar, you will be able to:
- Discuss the U.S. income tax obligations of U.S. lawful permanent residents living and working outside the United States.
- List the requirements for claiming the foreign earned income exclusion.
- Summarize the effect of totalization agreements on U.S. employment tax obligations of U.S. citizens and residents living and working outside the United States.
- Explain the effect of the saving clause in an income tax treaty.
- Identify the federal income tax filing requirements for individuals with income from a U.S. territory.
No prerequisites or advanced preparation are required for this seminar.
Price: $29.00
Continuing education credit is available for this seminar. If you would like to earn credit for a seminar, you must have an account with the IRS Nationwide Tax Forum Online and purchase the seminar. You can purchase seminars one at a time or as a group. After completing the purchase through PayPal, you will be returned to your status page on www.irstaxforumonline.com.
NOTE: You have one calendar year from the date of purchase to complete the seminar.
Navigating a Seminar for Continuing Education Credit
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The seminar may be viewed repeatedly. However, the final examination can only be attempted two (2) times. You must achieve a passing rate of 70% to receive continuing education credit. A certificate of completion may be printed for each seminar successfully completed. Prior to printing the certificate of completion, there will be an opportunity to provide feedback on your learning experience.
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