The Global Reach of the Tax Collector: Living, Working, and Investing Overseas
Tuesday, July 13, 2027 · 2:00 – 3:40 PM ET
You have one year from airing date to use this course as credit.
Continuing Education
CPE Program Knowledge Level: Overview
2 CPE Credit; NO prerequisites or advance preparation
CTEC Course #: Coming Soon
IRS/RPO Approved Program
IRS RPO Course #: Coming Soon
Program Content
This online learning program, presented as a live webcast, will be also archived for QAS Self Study. The program will be available for viewing for 12 months after the live webcast. A panel of IRS and industry experts will present the content during a live, interactive discussion, where participant questions can be submitted. Questions will be answered live on the program or posted on the Resources page
The program, through a lively round-table discussion and real time interaction with the audience, looks at how U.S. taxpayers living, working, or investing outside the United States are taxed under the U.S. tax code. Panelists will examine the worldwide reach of the Internal Revenue Code and the exclusions and credits available for those living overseas. Panelists also will discuss the taxation of U.S. shareholders of foreign corporations, including the controlled foreign corporation rules, and the reporting requirements imposed on those who hold assets outside the United States.
By the end of the program, participants will have a practical understanding, through accurate, current, and effectively designed communications, of the worldwide reach of the IRS, the types of foreign income subject to tax, and the deductions and credits available.
Program Learning Objectives
- Identify those who are subject to U.S. taxation of income earned or received from outside the United States.
- Identify what foreign taxes are creditable against U.S. taxes and how the foreign tax credit is computed.
- Identify how U.S. shareholders are taxed on their interests in foreign corporations, including shareholders of controlled foreign corporations.
- Identify the reporting requirements imposed on taxpayers who hold investment assets outside the United States or in offshore institutions and accounts.
Program Outline
US Taxation of Worldwide Income
- Tax Treaties
- US Citizens and Resident Aliens
- Determination of Resident Alien Status
- Elective Resident Status
- Dual-Status Years
- Residents of US Possessions
- Residents of Puerto Rico
U.S. Citizens and Residents Living Overseas
- Foreign Earned Income Exclusion
- Foreign Housing Exclusion or Deduction
- How to Elect the Exclusions
Foreign Tax Credit
- Election to Take Deduction
- Creditable Taxes
- Limitations
- Recapture
- Deemed Paid
US Shareholders of Foreign Corporations
- CFCs
- Subpart F Income
- Passive Foreign Investment Companies
- Transfer to Foreign Trusts
- Information Reporting for Foreign Partnerships
Reporting Foreign Assets of US Taxpayers
- FBAR Reporting
- FATCA Reporting
- FATCA Reporting and Withholding Obligations for Financial Institutions
- Foreign Financial Institution Agreements
- FATCA Reporting for Non-Financial Institutions
Other Foreign Tax Rules
- Expatriations
- Currency Transactions
- Boycotts
- Illegal Payments
- Foreign Trade Income
Panelists
Moderator
Alan Pinck, EA
A. Pinck & Associates
Alan Pinck is an Enrolled Agent with over 30 years of tax preparation experience in the San Francisco Bay Area. He has built a practice specializing in individual, small business tax preparation and audit representation. You have seen Alan presenting at NTPI events, CSEA Super Seminar, Spidell Publishing as well as a variety of other presentations for tax groups and small business associations. Having represented thousands of tax returns in audit, Alan has obtained tremendous insight of the audit process as well as knowledge on a wide variety of tax issues.
IRS Panelists
Coming soon...
Industry Panelists
Coming soon...
Content Consultant
David F. Windish, J.D., LL.M
Content Consultant
David F. Windish, J.D., LL.M. in taxation, is a tax attorney and consultant. He has served as an instructor of tax-advantaged investments at the New York Institute of Finance; an Instructor of business law at the U.S. Merchant Marine Academy, Kings Point, N.Y.; and an adjunct professor at George Mason University, Fairfax, Va. He has also served as executive editor for Tax Analysts; managing editor for Business Strategies, published by CCH; and senior editor for the Institute for Business Planning.
Mr. Windish is the author of Practical Guide to Real Estate Taxation, published by CCH and currently going into its sixth edition. Earlier works include Tax Advantaged Investments and Investor's Guide to Limited Partnerships, both published by the New York Institute of Finance. Through the Center for Video Education, he authored continuing education courses dealing with real estate and closely held corporations. Those courses included readings, case studies, and videotape segments.
Mr. Windish is a graduate of Rutgers University Law School and the New York University School of Law, Graduate Division. He has been heard as a guest speaker at professional meetings and seminars and on popular radio programs.