Taxation of Individuals Living Abroad and Foreign Nationals Living in the U.S.

Dec 6
8:00 a.m. - 4:00 p.m.

Penn State Great Valley - Main Bldg
Malvern - Map

8-Tax
CPE Credits

Advocate for your clients who live abroad and protect their assets from excessive taxation. Learn about the tax issues facing U.S. citizens living overseas and foreign nationals living in the United States. Explore tax issues related to cross-border employment, business, and investment activities, and discover new strategies to minimize the potential for double taxation.
Highlights

How to determine residency status
What sources of income are and are not included in taxable income?
Effectively connected income (ECI) and how it impacts the taxation of nonresident aliens
Structuring alternatives between the home and host country for an expatriate assignment
Section 911 exclusions
Requirement for foreign nationals to file U.S. individual income tax return
Concept of worldwide income and interaction with foreign tax credits
FDAP (fixed, determinable, annual, periodical income) and sourcing rules
Withholding rules, engagement in trade or business, and real property interest of foreign investors in the United States
Effects of tax treaties
Issues facing U.S. citizens living overseas, including earned income and housing exclusion, sourcing of income, deductions, credits, and tax withholding
Tax planning opportunities and filing requirements facing U.S. expatriates
Responsibility for reporting existence of foreign financial assets

Registration

PICPA Member: $275
Nonmember: $375

More Information

Course No. 767300 Level: Basic

Prerequisites: None

Notes
AICPA Members save $30! Course materials include the impact of the Tax Cuts and Jobs Act of 2017.

Speaker(s)

Adnan Islam

Adnan Islam, Partner

International Tax Services Co-practice Leader

Blockchain/Digital Asset Transactions Leader

West New York, NJ

Adnan Islam is a global business advisor, a licensed tax attorney, and a CPA with an MBA and LL.M. in taxation (NYU Law). He is the Co-Practice Leader for International Tax Services and the Blockchain / Cryptocurrency Leader for Friedman LLP.

Adnan Islam is an international tax attorney admitted to practice law in New Jersey, DC, and California, a CGMA, and a Certified Public Accountant (NY & CA). He holds a Juris Doctor (J.D.) and an M.B.A. from Rutgers University; and an LL.M. in Taxation from the New York University School of Law. He has previously worked within the International Tax Services and M&A tax groups at other Big 6 Firms. He frequently lectures at various platforms, including National firm trainings, TEI, and as an Adjunct Professor at Golden Gate University's Master's program.

Adnan is an International Tax Director and leads the international tax practice at RSM US LLP’s Los Angeles office. He has worked primarily within the Outbound and Inbound sectors on corporate and alternative investment fund clients regarding: subpart F income issues; outbound and inbound transactions; research and analysis on optimal global finance and holding company jurisdictions; FATCA (Chapter 4); Withholding taxes (Chapter 3) and income tax Treaty analysis; U.S. real estate dispositions by foreign persons; coordination with foreign partners and Technical Branches of the IRS / Treasury; cross-border reorganizations including mergers, acquisitions, and liquidations; debt vs. equity analysis; permanent establishment and ETB/ECI issues; check-the-box planning; transfer pricing; technical review of Forms 5471, 8858, and 8865; and drafted 9100 (and PLR) relief rulings for IRS submission. Adnan has extensive experience managing international tax analyses with various jurisdictions including: Canada, UK, France, Netherlands, Luxembourg, Belgium, Australia, China, Hong Kong, India, Singapore, Cyprus, Germany, Ireland, and Mexico.

Mr. Islam is a member of the AICPA, American Bar Association, and Los Angeles County Bar Association. Tax Executives Institute, ACG Los Angeles, and ProVisors. He is the author of various publications with AICPA.