U.S. Tax Rules for U.S. Individuals Living in Canada (OnDemand Webinar)

$219.00

SKU: 406837EAU

Description

Gain a better understanding of the reporting requirements of U.S. residents living in Canada.Many U.S. individuals living in Canada are not aware of their U.S. financial disclosure and tax filing obligations and some may not even be aware of their U.S. tax status. For the professionals who advise them, even those with experience in U.S. tax law or other practice areas, these rules may be new and unfamiliar to such trusted advisers. This topic helps you get up to speed on the rules and on IRS practices applicable to you so that you can advise your clients.

Date: 2020-01-09 Start Time: End Time:

Learning Objectives

Planning Points • Managing Your Tax Liability
• Your Status (Known and Inadvertent Us Status)
• Understanding Application of Worldwide Taxation
• Foreign Earned Income Exclusion and Housing Allowance
• Us-Canadian Tax Treaty

Filing Obligations
• Income Tax Filings
• Estate Tax?
• Foreign Bank Account / Foreign Asset Disclosures
• Exit/Expatriation

Noncompliance
• Penalties
• Abatement
• Disclosure Programs

Examples

No Credit Available

William M. Funk, Esq.-Law Office of William M. Funk