Taxation for Individuals Living Abroad and Foreign Nationals Living in the U.S. (Self-Study)

Code: JI164981

Date Valid for one year from purchase date
Format Self-Study (On-Demand)
CPE credits CPE 7.5
of study
Taxes - Technical (7.5)
Standard member fee $109.00
checkmarkStandard nonmember fee $139.00

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In this CPE course, learn about the tax issues facing U.S. citizens living overseas and foreign nationals living in the United States. As your clients become increasingly global in their employment, investment, and retirement opportunities, their tax exposure becomes more complex, placing expectations on you to guide them through the multinational tax matrix. This course explores tax issues related to cross-border employment and business and investment activities, and offers new strategies to minimize the potential for double taxation by two or more countries.

Who should take this program?

Accountants, auditors, managers, and others who are responsible for implementing, monitoring, evaluating, auditing, and designing cost-effective internal controls for small and medium-sized entities, as well as larger entities with decentralized operations

Major subjects

  • Determining residency - resident and nonresident aliens
  • Sourcing of income
  • Taxation of nonresident aliens
  • Taxation of dual-status individuals
  • Taxation of employees of foreign governments and international organizations
  • Tax treaties
  • Taxation of foreign investment in U.S. real property interests
  • International assignment compensation packages
  • Section 911 exclusions
  • Foreign tax credit
  • Totalization agreements
  • FinCEN Form 1114 and Form 8938

Learning objective(s)

  • Recognize how U.S. residency is determined under the green card test and the substantial presence test
  • Recognize the closer connection exception to the substantial presence test
  • Recognize a dual-status alien and the special tax rules and elections that apply to a dual-status alien
  • Recognize which types of income are included as fixed or determinable, annual or periodical (FDAP) income
  • Recognize the concept of effectively connected income (ECI)
  • Identify the items of income that may be excluded from the gross income of a nonresident alien
  • Identify the restrictions that apply to nonresident aliens and dual-status aliens for filing status, personal exemptions, deductions, and credits
  • Identify what income is excluded from taxation for employees of a foreign government or an international organization
  • Apply the concept of "liable to tax" and how it is used in tax treaties to determine tax residency
  • Recognize how treaty benefits are applied to specific items of income
  • Determine how a nonresident alien is taxed on income from a U.S. real property interest (USRPI) during the period of ownership
  • Identify the withholding requirements on dispositions of a USRPI by nonresident aliens and the exceptions to withholding
  • Identify the components of a compensation package for an international assignment
  • Evaluate the Section 911 exclusions
  • Recognize the different categories of income for which you may claim a foreign tax credit
  • Identify the filing requirements of FinCEN Form 114 (formerly Form TD F 90-22.1), Report of Foreign Bank and Financial Accounts (FBAR)


Course code Code JI164981
Sponsor AICPA
NASBA ID#: 112891
Level Basic
Format Self-Study (On-Demand)
Prerequisites Prereq. None