ITIO
INTERNATIONAL TAX ISSUES FOR INDIVIDUALS --
GOING OVERSEAS AND COMING TO THE UNITED STATESs
The purpose of this
course is to provide insight on the major tax issues of U.S. citizens
who work or invest overseas. It also deals with the taxation of foreign
nationals who come to or invest in the United States.
Major topics
include:
- Alien individuals
-- When does a foreign national pay individual income taxes? The concept
of residency, introduction to the FDAP andthe regular U.S. tax systems,
sourcing rules, effectively connected income, and sales of property
- The overseas U.S.
executive -- The earned income and housing exclusion, an introduction
to foreign tax credit/deduction planning, the sourcing of income and
deductions, Social Security, unemployment, withholding tax and retirement-planning
issues, filing, and other compliance requirements
- Foreign investors
in the United States -- Interest and dividends, withholding rules, U.S.
real property interests, engaging in a trade or business, and the effect
of treaties
- Foreign tax credit
-- Completely filled-in tax returns, appropriate schedules, and other
forms for various case studies
Level
of knowledge: Basic
Field
of study: Taxation
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