Preparing U.S. Personal Tax Returns for Cross Border Persons: Basic Issues (Currently Unavailable)

Author: Mohammad Ahmad, Debra Lewis-Mahon

There has been a great deal of attention focused on the information reporting requirements that have arisen for U.S. citizens living broad. Once you have determined that your client is a U.S. citizen and has a U.S. tax filing requirement . . . then what?

The first course in this two-part series, will take you through some of the basic tax issues to consider for U.S. Persons living in Canada. This course will give you the practical guidance you need to get your client filings prepared, and will steer you clear of some of the common errors made by practitioners.

Publication Date: January 2020

Topics Covered

• Who Needs to File?
• Administrative issues for filing U.S. 1040 Individual Tax Returns
• Preparing U.S. Income Tax Returns for U.S. Persons living in Canada — Line by Line Review of the Common Forms
• FATCA and Foreign Account Disclosures
• U.S. Tax Reporting for Canadian Snowbirds
• FATCA and Foreign Account Disclosures
• IRS Methods for Offshore Compliance

Learning Objectives

• Recognize who needs to file and when
• Identify administrative issues for filing U.S. 1040 Individual Tax Returns
• Describe schedules used for Form 1040
• Identify the 2019 foreign earned income exclusion amount
• Recognize the necessary forms used for different client scenarios

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None