Tax Expatriation of People and Assets
Overview:
After viewing this presentation, participants will hear about the tax expatriation which is the movement of U.S. Citizens, long term residents, and assets out of the United States. What are the red flags, how to address them, and how to fund foreign trusts.
Objectives:
After viewing this presentation, participants will hear about the tax expatriation which is the movement of U.S. Citizens, long term residents, and assets out of the United States. What are the red flags, how to address them, and how to fund foreign trusts.This session will address the following:
- Expatriation from the United States
- Introduction to Expatriation Tax
- Determining Residency Start Date for Non-Resident Aliens
- Determining Residency Termination Date for Non-Resident Aliens
- Determining Expatriation Date
- Section 877
- The “Exit Tax” under §877A – Effective after June 17, 2008
- Inheritance Tax
- Logic of §2801 Tax Regime
- Definitions under §2801
- Exceptions to §2801 Tax
- Liability for §2801 Inheritance Tax
- Computation of §2801 Inheritance Tax
- Potential Planning Strategies for Mitigating “Inheritance Tax” under §2801
- Overview of Wealth Transfer Taxes
- U.S. Transfer Taxes for Trusts
- U.S. Income Taxes - Domestic Trusts
- U.S. Income Taxes - Foreign Trusts
- Deemed Sale Upon Funding
Major Topics:
- Expatriation from the United States
- Introduction to Expatriation Tax
- Determining Residency Start Date for Non-Resident Aliens
- Determining Residency Termination Date for Non-Resident Aliens
- Determining Expatriation Date
- Section 877
- The “Exit Tax” under §877A – Effective after June 17, 2008
- Inheritance Tax
- Logic of §2801 Tax Regime
- Definitions under §2801
- Exceptions to §2801 Tax
- Liability for §2801 Inheritance Tax
- Computation of §2801 Inheritance Tax
- Potential Planning Strategies for Mitigating “Inheritance Tax” under §2801
- Overview of Wealth Transfer Taxes
- U.S. Transfer Taxes for Trusts
- U.S. Income Taxes - Domestic Trusts
- U.S. Income Taxes - Foreign Trusts
- Deemed Sale Upon Funding
Designed For:
CPAs or Accounting, and Tax Professionals
Prerequisite:
Some familiarity with accounting and taxes.Additional Info:
Thank you for registering for the "Tax Expatriation of People and Assets" OnDemand course. You can begin immediately by going to the 24/7 Learning Library portal at https://ficpa.courselaunch.io and logging in with your current FICPA member login credentials.
Your course or courses should be immediately available after you login.
If you have any issues, please let us know by submitting a ticket through the Support link and we will assist you as quickly as possible.