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Self-Study CPE
EXPATRIATE TAXATION - A DEEPER DIVE
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IRS FORM 1099 REPORTING: REPORTING REQUIREMENTS
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FOREIGN NATIONAL TAXATION - A DEEPER DIVE
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FORM 1041: UNIQUE ASPECTS TO TAX ACCOUNTING FOR TRUSTS AND ESTATES
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MISCLASSIFICATION OF WORKERS: THE BATTLE BETWEEN 1099 VS W-2
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TAXATION OF IRAs AT DEATH
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ESTATE PLANNING STRATEGIES FOR MEDIUM AND HIGH NET WORTH CLIENTS POST TCJA
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1099: BEYOND THE BASICS
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AFFORDABLE CARE ACT: EMPLOYER RIGHTS & RESPONSIBILITIES
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EARNED INCOME TAX CREDIT
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AFFORDABLE CARE ACT: INDIVIDUAL RIGHTS & RESPONSIBILITIES
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EDUCATION TAX BENEFITS
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EARNED INCOME TAX CREDIT DUE DILIGENCE
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TAX CUTS & JOBS ACT: INDIVIDUAL TAX PREPARATION
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HOME OFFICE DEDUCTION
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THE SECTION §199A PASS-THROUGH DEDUCTION
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TAX TREATMENT OF LIFE INSURANCE PROCEEDS
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BASIC INDIVIDUAL TAXATION
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SCHEDULE C OF FORM 1040
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TAX PROCEDURE
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TAXES IN eMONEY: FINANCIAL PLANNING AFTER THE TAX CUTS AND JOBS ACT
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INTERNATIONAL CROSS BORDER TRANSACTIONS
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IS ESTATE PLANNING DEAD FOR THOSE WHO ARE NOT SUBJECT TO THE ESTATE TAX?
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§1031 LIKE-KIND EXCHANGES
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EXPLORING THE CPA'S EXPANDING ROLE IN A CLIENT'S TAX AND FINANCIAL PLANNING
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TAX EFFICIENT CHARITABLE GIVING STRATEGIES
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INTRODUCTION TO INTUIT PROSERIES: TAX SOFTWARE DEMONSTRATION
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1099-MISC: BOX BY BOX
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MANAGING COMPLEX IRS AUDITS OF MIDSIZE BUSINESS TAXPAYERS - EXPANDED
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WORKING WITH SCHEDULE C TAXPAYERS WITH INCOMPLETE RECORDS
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INTRODUCTION TO PROCONNECT TAX ONLINE: LIVE DEMO
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NON-FILERS: A DIFFERENT TYPE OF CIENTELE
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ADVISING A FAMILY AFTER THE DEATH OF A LOVED ONE: TAX & FINANCIAL CONSIDERATIONS
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INTERNATIONAL TAX: CONCEPTS IN A GLOBAL SOCIETY
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INTERNATIONAL TAX TREATIES
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UNDERSTANDING PARTNERSHIP TAXATION: DISTRIBUTIONS
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THE MATHEMATICS OF SECURE: WHERE THE TAX LAW AND ECONOMICS COLLIDE
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ESOPS 101: A DETAILED INTRODUCTION OF EMPLOYEE STOCK OWNERSHIP PLANS
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CARES ACT ENFORCEMENT: WHAT CAN WE EXPECT FROM THE IRS?
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TAXPAYER PENALTIES, PROMOTER PENALTIES AND FRAUD REFERRALS
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PUERTO RICO TAX INCENTIVES: HOW TO GET YOUR CLIENTS TO THE 4% TAX BRACKET
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UPDATES FROM IRS CHIEF COUNSEL AND INDEPENDENT OFFICE OF APPEALS
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UPDATES FROM HEAD OF IRS COLLECTION AND THE TAXPAYER ADVOCATE
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IMPACT OF COVID-19 AND THE TAX CUTS AND JOBS ACT ON LIFE INSURANCE PLANNING
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BEST IRA IDEAS IN 2020
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UNDERSTANDING PARTNERSHIP TAXATION: TYPES OF BASIS & CONTRIBUTIONS
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Self study cpe
Taxation of US Expatriates: Tax Year 2019

TAXATION OF US EXPATRIATES: TAX YEAR 2019

CPE Processing Fee$10.00
Webinar TranscriptionN/A
Presentation Length Hour(s)1.0 hour
CPE Credits1.0 hour
CE Credits 1.0 hour
Course Id# - HURS9-U-00474-19-S
Subject Area Taxes (Federal Tax Update)
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateMay 28, 2020
Date OfferedMay 28, 2020
Course Description

Individual US taxpayers who do not live in the U.S. are given many significant benefits. Amongst these valuable benefits is the ability to exclude certain earned income from U.S. taxation, credits for taxes paid to foreign governments, and longer time to both file and pay taxes. However, owning assets and investments outside the U.S. carries additional reporting requirements. There are significant penalties associated with failing to properly comply with requirements. This course will introduce the special exclusions, credits and filing requirements applicable to individual taxpayers living outside the U.S. The course will address how new tax law and regulatory updates and clarifications arising from the TCJA impact individual overseas U.S. taxpayers.

Learning Objectives


  • Special Definitions.

  • Foreign Earned Income Exclusion & Foreign Tax Credit.

  • Other US Expat Considerations.

  • CFC taxation, GILTI, §962 elections.

  • Taxpayer Information Reporting Requirements.

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Review Questions
QUESTION 1: 0:17 minutes
QUESTION 2: 0:25 minutes
QUESTION 3: 0:55 minutes
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

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Working with Expats, like myself, I’ve found that we are not most advisers typical clients. Most clients do not have multi-currency requirements, family in foreign jurisdictions, little to no experience with US taxation (and reporting requirements), or a need to consider international schooling or maintaining foreign assets. While our planning needs are similar, education, large purchases, retirement, tax planning, our road to achieving these goals can be very different. Feel free to contact me and we’ll see if we can work together to achieve your goals. We are happy working with international advisers and have a network of advisers if you need a specialist in an area we don’t cover directly.

Hibernian Financial Planning, LLC was founded to meet the needs of the many Expats living here in the US who are tired of conflicted financial advisors with hundreds of clients who can’t take the time to understand their unique situation.

Additionally, in full compliance with the local law in their country of residence, Hibernian Financial is proud to serve US taxpayers living outside of the US.

Many Expats have rich complex lives and need someone who understands that complexity and who can help them figure out how to best navigate a complex and foreign financial system. Hibernian Financial is that firm.

With over 25 years of serving individuals, couples and families from all over the world and helping US taxpayers manage their complex global affairs, I hope we can meet to discuss your needs an how I can best help you. Please feel free to contact me if you have any questions. I’m always happy to meet new people and learn about their situation. We can meet in person or via Skype, Google Hangouts, Zoom, etc.

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CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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About Our Presenter

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Hibernian Financial Planning, LLC is dedicated to providing comprehensive financial planning to Expats in the US and US Expats around the world. Having lived and worked all over the world we appreciate the difficulty Expats having in obtaining advice beyond that normally available from a local broker.
 
We are fiduciary and fee-only. We will act in your best interests. Note while certain products we recommend will charge you fees these we do not receive any part of those fees. We will work with you to help you understand the costs of your choices. We have no account minimums, we will provide financial planning services without requiring you to have assets for us to manage.
 
We encourage those with savings in their 401k or other corporate or government retirement accounts to contact us for advice. Your assets are probably already in a very good structure with low administration costs and privileged legal status.