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U.S. Tax Rules for U.S. Individuals Living in Canada

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.

Runtime: 97 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

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

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.75
     
  • NJ CLE 2.0
     
  • VT CLE 1.5
     
  • WA CLE 1.75
     
  • WV MCLE 2.0
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

OnDemand Course

This course was last revised on January 9, 2020.

Call 1-866-352-9540 for further credit information.

  • Enrolled Agents 2.0
     
  • This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

William M. Funk, Esq.

William M. Funk, Esq.

Law Office of William M. Funk

  • Principal of the Law Office of William M. Funk
  • Provides representation and advisory services regarding tax issues of individuals, businesses, nonprofits and funds
  • Experience includes obtaining tax exemptions for charitable organizations, trade associations and other not-for-profit organizations and advising on continued compliance, executive compensation, unrelated business income tax issues, cross-border grants and dissolutions
  • Has also structured, documented, and negotiated a broad spectrum of domestic and cross-border transactions
  • He has represented taxpayers before the Internal Revenue Service and the New York State Department of Taxation and Finance on a range of matters including audits, tax controversies and tax collections matters and successfully negotiated resolutions with respect to income tax, sales tax and employment tax liabilities and penalties
  • Can be contacted at 212-973-1100 or [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

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Additional benefits include:

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* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 406837
Published 2020
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Available in Multiple Formats

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