Foreign Earned Income Exclusion and Expatriate Taxation

US citizens, Green card holders and residents (based on the Substantial presence test) are taxed on worldwide income. US citizens and green card holders living abroad have a responsibility to file tax returns reporting worldwide income if their income is over the reporting threshold even if they do not owe taxes. Form 2555 and Form 1116 are important to reduce tax exposure for these clients who live abroad. This seminar will discuss the preparation of Form 2555 and go over key terminology with relevant examples. Unique issues faced during year of departure and year of entry will also be addressed.

Learning Objectives:
- To understand why a taxpayer would file Form 2555 or Form 1116
- To understand tests for qualifying for the Foreign Earned Income exclusion
- To understand key terminology
- To discuss issues during year of departure and year of entry
- To provide relevant examples of Form 2555

Participants earn up to 1.0 CE/CPE credits.

Field of Study: Federal Tax Law Topics / Taxes

Pre-Requisites: None

Who Should Attend: CPAs, EAs, and other Tax Professionals

Advanced Preparation: None

Program Level: Intermediate

Delivery Method: Group Internet Based

IRS Program Number: QSRNU-T-00673-24-O

Registration Fees

Individual Webinar
Members: $25 / Non-Members: $45*

Bundle Discount for All 6 Webinars
$100 for members / $200 for non-members

*Join VASEA for $90 and enjoy member rates at events all year long.

Member Discount Eligibility

Member pricing applies to NAEA and VASEA Members, Associates, and current VASEA Annual CE Pass holders, and their staff. Staff are only eligible for VASEA member rates if registration is paid for by a VASEA Member, Associate or current CE passholder.

Group discounts at education functions are given to multiple attendees from a single firm when there is one payment for all registrations: 3‐5 attendees = 5% each; 6‐10 = 10%; 11 or more = 15%.

Phone or Email Registration Options

There is a $25 additional fee for registrations taken over the phone or via email.

Refund Policy

Refunds will be honored if written notification is received at the Administrative Office fourteen days prior to event. A processing fee of $25 will be deducted from the refund. Cancellations within 14 days of the event will not be accepted. Substitutions are always allowed for in-person registration. Substitutions are only allowed for webinar registrations if received 48-hours prior to the start of the webinar. “No Shows” forfeit their fees.

Cancellation

VASEA reserves the right to cancel any program or course for circumstances that are not under direct control of VASEA. If a course or program is cancelled, registrants will be notified via email at the address listed on their registration form.

Complaint Resolution Policy

For more information regarding refund, cancellation and complaint policies, please contact VASEA at admin@vasea.org

Questions

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