U.S. citizens and residents generally pay U.S. tax on their worldwide income. U.S. law provides for both a foreign earned income exclusion and a foreign tax credit to mitigate double taxation. This class reviews both mechanisms in-depth and discusses strategies for determining which is the optimal strategy.
- Define the requirements for qualifying for the foreign earned income exclusion.
- Identify how to elect or revoke the foreign earned income exclusion.
- Define the requirements for qualifying for the foreign tax credit.
- Compute the foreign earned income exclusion and foreign tax credit.
- Analyze how to select the best mechanism for offsetting U.S. tax.
Your registration includes 2 IRS CE as well as:
- Downloadable course manual and implementation tools as appropriate. These materials are available for download when you log into the webinar.
- The opportunity to listen to the optional presenter and the other members of the Compass Tax Educators instructional team during the optional question-and-answer session held during the original recording.
Advanced Preparation: None
Program Level: Basic
IRS Program Number for Self-Study On-Demand Webinar: NMVBP-T-00146-20-S
Delivery Method: Self-study/On-demand
Field of Study: Federal Tax Law (IRS)
Credit hours: 2 IRS
Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about the instructor
All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here for more information regarding our education policies.
$149.00Form 5471: Reporting Foreign Corporations
$149.00GILTI Take 2: What We Know Now
$905.00Bundle: International Tax Full Series
$399.00Bundle: International Tax - Series 3
$399.00Bundle: International Tax - Series 2
$215.00Bundle: International Tax - Series 1
$149.00Practitioner's Guide to the Sec. 965 Repatriation Tax