TMCnet News

Tax Talk Today Features IRS and Tax Pros Presenting, "U.S. Taxpayers Living, Working or Investing Overseas"
[September 07, 2017]

Tax Talk Today Features IRS and Tax Pros Presenting, "U.S. Taxpayers Living, Working or Investing Overseas"

Tax Talk Today®, an online series of webcasts educating tax professionals on current and critical tax issues, announced the topic for its September program, U.S. Taxpayers Living, Working or Investing Overseas. The Live webcast is scheduled for Tuesday, September 12, 2 - 3:50 PM ET (2 CPE Credits).

Tracy L. McFee, CPA, Senior Revenue Agent, IRS LB&I Withholding & International Individual Compliance, Phyllis Jo Kubey, EA, CFP®, ATA, ATP (News - Alert), Mary-Heather Styles, EA, TransAtlantic Tax Inc., will focus on how U.S. taxpayers living, working, or investing outside the United States are taxed under the U.S. tax code. The program will examine the worldwide reach of the Internal Revenue Code and the exclusions and credits available for those living overseas. Complete program description.

The broadcast will be Archived for 12 months for viewers who are unable to watch the Live program, or wish to complete a QAS Self-Study CPE program. Viewers can earn 2 CPEs for completing this program, and may email questions before and during the Live program.

Specific topics that will be discussed:

  • US Taxation of Worldwide Income
    • US citizens and resident aliens
    • Determination of resident alien status
      • Green Card Holder
      • Substantial Presence Test
    • Elective resident status
    • Dual-status years
    • Residents of US possessions
  • U.S. Citizens and Residents Living Overseas
    • Tax Treaty Relief
    • Foreign earned income exclusion
    • Foreign housing exclusion or deduction
    • How to elect the exclusions
  • Foreign Tax Credit
    • Election
    • Creditable taxes
    • Limitations
    • Recapture
  • US Shareholders of Foreign Corporations
    • What is a CFC and impact on US shareholders
    • Insuring Correct Exchange rates
    • Subpart F income
    • Passive foreign investment companies (PFIC)
    • Transfer to foreign trusts
    • Information reporting for foreign partnerships
  • Reporting Foreign Assets of US Taxpayers
    • FBAR reporting
    • FATCA reporting (Form 8938)
  • Other Foreign Tax Rules
    • Expatriation
    • Currency transactions
    • Boycotts/ Illegal Payments

Viewers needing Continuing Professional Education credit can take advantage of a Tax Talk Today subscription price of $270.00 or $18.00/credit for 15 CPE credits, which includes all 7 programs. Up to 23 CPE credits can be purchased. Tax Talk Today is an IRS Approved Continuing Education Provider.

About Tax Talk Today, The Tax Show for the Tax Pro

A 7-program, 15 CPE, webcast series, designed to educate tax professionals with reliable information about complex tax issues. Tax Talk Today features roundtable discussions and real-time interaction with industry professionals, and IRS officials. Tax Talk Today collaborates with the IRS and the NAEA to provide content meeting CPE Credit requirements for CPAs, Enrolled Agents, OTRPs, attorneys, and all professionals needing CPE credits in the tax area. Programs are available Live, Archived or Podcast. Contact Paul Lamonia at 202-559-9330 or or visit

[ Back To's Homepage ]