Tackling Form 2555 and the Foreign Earned Income Exclusion On-Demand Webinar

Summary

Taxpayers living and working abroad face the possibility of not only paying taxes to the country where they live and work, but also to the U.S. When this happens, we as tax professionals need to be prepared to help our clients mitigate this potential double taxation. In this webinar, we’ll discuss the foreign earned income exclusion, the foreign housing deduction or exclusion, and prepare Form 2555, Foreign Earned Income. In addition, we’ll review the requirements for reporting foreign-held accounts. Lastly, we’ll discuss the tax impact of totalization agreements and tax treaties on U.S. taxpayers.

Objectives

Upon completion of this course, you will be able to:

• Explain who is eligible to claim the foreign earned income exclusion and foreign housing deduction or exclusion
• Describe the benefits of the totalization agreements and the tax treaties
• Prepare Forms 2555

Course Details

This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.