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Friday, July 26, 2019 Live

Taxation of Individuals Living Abroad and Foreign Nationals Living in the U.S. (E1907061)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

APA Hotel Woodbridge

120 Wood Avenue South
Iselin , NJ 08830

8 CPE Credits in TX

OVERVIEW

Advocate for your clients who live abroad and protect their assets from excessive taxation. As your clients become increasingly global in their employment, investment, and retirement opportunities, their tax exposure becomes more complex, placing expectations on you to guide them through the multinational tax matrix. Learn about the tax issues facing U.S. citizens living overseas and foreign nationals living in the United States. Explore tax issues related to cross-border employment, business, and investment activities and discover new strategies to minimize the potential for double taxation by two or more countries. Course materials include the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law.

DESIGNED FOR

Tax practitioners and employers who have foreign clients or employees, or U.S. clients or employees living overseas.

BENEFITS

  • Identify ways to advise current and prospective clients on the tax issues they may confront when living a global lifestyle
  • Determine residency status
  • Determine what sources of income are included and not included in taxable income
  • Recognize effectively connected income (ECI) and how it impacts the taxation of nonresident aliens
  • Identify tax issues with taxation of dual-status individuals
  • Identify structuring alternatives between the home and host country for an expatriate assignment
  • Determine Section 911 exclusions

HIGHLIGHTS

  • Requirement for foreign nationals to file U.S. individual income tax return
  • Concept of world-wide income and interaction with foreign tax credits
  • FDAP (fixed, determinable, annual, periodical income), effectively connected income, and sourcing rules
  • Withholding rules, engagement in trade or business, and real property interest of foreign investors in the U.S.
  • Tax effects of tax treaties
  • Issues regarding U.S. citizens living overseas (expatriates), including earned income and housing exclusion; sourcing of income; deductions, credits and tax withholding; and filing requirements and tax planning opportunities
  • Tax planning opportunities and filing requirements facing U.S. expatriates
  • Reporting foreign financial assets

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • *AICPA members deduct an additional $30 from applicable price.

Course materials are distributed electronically and we’ve passed the savings along to you - registrants save $20 on all 8-hour seminar pricing. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

INSTRUCTOR

Adnan Islam

Adnan Islam, CPA, J.D., M.B.A., LL.M., CGMA

International Tax Director

Adnan Islam, Partner International Tax Services Co-practice Leader Blockchain/Digital Asset Transactions Leader West New York, NJ

Adnan Islam is a global business advisor, a licensed tax attorney, and a CPA with an MBA and LL.M. in taxation (NYU Law). He is the Co-Practice Leader for International Tax Services and the Blockchain / Cryptocurrency Leader for Friedman LLP.

Adnan Islam is an international tax attorney admitted to practice law in New Jersey, DC, and California, a CGMA, and a Certified Public Accountant (NY & CA). He holds a Juris Doctor (J.D.) and an M.B.A. from Rutgers University; and an LL.M. in Taxation from the New York University School of Law. He has previously worked within the International Tax Services and M&A tax groups at other Big 6 Firms. He frequently lectures at various platforms, including National firm trainings, TEI, and as an Adjunct Professor at Golden Gate University's Master's program.

Adnan is an International Tax Director and leads the international tax practice at RSM US LLP’s Los Angeles office. He has worked primarily within the Outbound and Inbound sectors on corporate and alternative investment fund clients regarding: subpart F income issues; outbound and inbound transactions; research and analysis on optimal global finance and holding company jurisdictions; FATCA (Chapter 4); Withholding taxes (Chapter 3) and income tax Treaty analysis; U.S. real estate dispositions by foreign persons; coordination with foreign partners and Technical Branches of the IRS / Treasury; cross-border reorganizations including mergers, acquisitions, and liquidations; debt vs. equity analysis; permanent establishment and ETB/ECI issues; check-the-box planning; transfer pricing; technical review of Forms 5471, 8858, and 8865; and drafted 9100 (and PLR) relief rulings for IRS submission. Adnan has extensive experience managing international tax analyses with various jurisdictions including: Canada, UK, France, Netherlands, Luxembourg, Belgium, Australia, China, Hong Kong, India, Singapore, Cyprus, Germany, Ireland, and Mexico.

Mr. Islam is a member of the AICPA, American Bar Association, and Los Angeles County Bar Association. Tax Executives Institute, ACG Los Angeles, and ProVisors. He is the author of various publications with AICPA.

PRICING

$379.00 - Nonmember

$279.00 - Member

AICPA members receive a discount of $30 for this event.

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

American Institute of CPAs