Date: Jan. 31, 2024
Time: 8:30 a.m. – 4 p.m. PT
Globalization impacts the work of businesses and individuals and the tax professionals who advise them. If your clients are facing issues because they have international holdings, are U.S. citizens working in foreign countries or are foreign nationals. As a tax professional, you need an understanding of the forms, reporting requirements, standards and regulations required for international tax. Clear overviews, insightful discussions and best practices from international tax experts are the hallmarks of this event.
CPAs, attorneys and other tax or finance professionals who advise nonresidents with U.S. investments, U.S. citizens living or doing business abroad, as well as individuals and families moving across borders.
Working knowledge of taxation for individuals or businesses.
Outline practical ways to advise foreign individuals or families who are entering or leaving the United States, or who have dual status.
Identify new requirements, standards and regulations that impact your international clients and domestic clients with global business interests.
Recognize and understand tax, legal and other business matters pertaining to foreign investments.
Dive into the latest developments shaping international taxation and acquire invaluable insights for effectively navigating the complexities. Stay informed about Updates to IRS Forms and navigate the intricacies of the Corporate Transparency Act (CTA). Explore recent legal cases such as Farhy v. IRS Commissioner and Moore v. IRS Commissioner. Gain insights into the TCJA Sunsetting Provisions and other extenders crucial to international tax practitioners.
In this session we will explore the fundamentals of U.S. outbound taxation, including options to mitigate double taxation for U.S. taxpayers living and working overseas, income tax implications under the U.S. anti-deferral rules, and information reporting requirements related to foreign financial assets.
Elevate your proficiency in Form 5471 and enhance your expertise in international tax compliance. Join us for an interactive session that transcends theory, offering actionable insights and valuable resources.
Nonresidents frequently buy homes in the United States for family use. Ownership creates income, gift, and estate tax complexity for them. In this session we will explore the ways they can hold title to personal residences to manage their U.S. tax exposure. We will also explore the impact of these different holding structure methods on Federal and California withholding on sale, and why you should never apply to the IRS for a withholding certificate using Form 8288-B.
Embark on a comprehensive exploration of handling foreign trusts with California beneficiaries. This session provides insight into the practical aspects of dealing with foreign trusts, equipping you with the knowledge to navigate legal nuances and reporting intricacies.
The presentation will focus briefly on the purpose and filing requirements of Schedules K2/K3 with a strong emphasis to the practical issues and questions encountered since the forms were implemented.