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Haynes & Associates
US Expatriate Tax and Consulting Services

Let Haynes Help You!

Intro to US Tax Return Preparation
During this session we will discuss:
  • Differences in US individual tax forms
  • Determining the appropriate filing status
  • Identifying who is a dependent
  • Updates from Tax Cuts and Jobs Act
  • Free and low-cost software recommendations

                      January 18, 2021
Foreign Earned Income Exclusion

During this session we will cover:

  • The Bona Fide Resident and Physical Presence Tests
  • The foreign earned income exclusion and tax treaties
  • US and foreign source income compensation sourcing
  • Foreign Housing Exclusion
                    
                    January 19, 2021
Foreign Tax Credit for Individuals

During this session we will cover:

  • The difference between the foreign tax credit and the foreign tax deduction
  • The cash and the accrual basis
  • US versus foreign source income
  • Treaty resourcing of income
  • Plus lots of examples!
   
                         January 20, 2021
Tax Treatment of Income for Sourcing Purposes

During this session we will cover:

  • The purpose of the Internal Revenue Code's income sourcing rules
  • Identify time based income sourcing rules
  • Identify geographically based income sourcing rules
  • Apply time and geographically based
     positions to different compensation elements       
  January 21, 2021                                                                                      

Income Tax Treaties for Individuals

During this session we will cover:

  • The purpose of income tax treaties
  • Identify situations in which income tax treaties are applicable
  • Integrate the use of income tax treaties in the tax return preparation process
  • Identify sources of information on income tax treaties
                        January 26, 2021                                 
US Dual-Status Tax Returns

During this session we will cover:

  • The difference between dual-status arrival and departure returns
  • Treatment of US and foreign source income
  • Common elections and treaty positions
  • Residency start and end dates
     
     

                   January 27, 2021               
US State Tax Issues for Expats

During this session we will cover:

  • The state tax laws that relate to income tax treaties
  • Residency rules for states that differ from federal regulations
  • States and the foreign earned income exclusion
  • States and the foreign tax credit                    
                       January 28, 2021
Foreign Pensions and Annuities

During this session we will cover:

  • The tax treatment of foreign contributions
  • The tax treatment of foreign distributions
  • Tax treaty positions which apply to foreign pensions and annuities
  • Tax treatment of qualified and nonqualified plans
 
     
                        February 2, 2021      
US Social Security for Expatriates

During this session we will cover:

  • Totalization Agreements
  • Certificates of Coverage
  • US taxation of foreign social security plans
  • FBAR reporting requirements
  • Plus lots of examples!


                    
                           February 3, 2021                                                       
During this session we will discuss:
  • US visas for international students
  • Taxability and the right to work
  • Tax treaty positions for international students (including examples)
  • Tax Identification Numbers for international students
  • Transitioning from an international to a domestic US employee                                  
  • Nonresident and dual-status tax returns       
                          February 4, 2021 

Tax Equalization Calculations

During this session we will cover:

  • The purpose of tax equalization
  • Hypothetical tax withholding
  • Payroll reporting of hypothetical tax and TEQ repayments
  • Claim of right issues
  • Plus, lots of examples!

                         February 9, 2021
US Expatriation Provisions

During this session we will cover:

  • Previous Expatriation Rules
  • The HEART Act and IRC Sec. 877A
  • Proper way to relinquish Citizenship/Green Card
  • FBAR reporting requirements
  • Plus lots of examples!


                          February 10, 2021

US Payroll Issues for Expatriates

During this session we will cover:

  • The international payroll considerations
  • Types of international payroll
  • Social tax and Totalization agreements
  • Tax treaties which affect payroll

               


                        February 11, 2021

Corporate Issues for International Assignments

During this session we will cover:

  • Tax treaties and their impact
  • Accidental permanent establishment
  • Structuring of expatriate assignments                           February 16, 2021                                      

Foreign Corporate Tax Issues for Individuals

During this session we will discuss:
  • US tax implications of ownership in foreign corporations
  • Controlled foreign corporations and Form 5471
  • Passive Foreign Investment Companies and                                        Form 8621
  • Foreign Trust Reporting & Forms 3520/A      
  • Foreign Partnerships and Form 8865          
                           February 17, 2021

Controlled Foreign Corporations

During this session we will discuss:

  • Identification of Controlled Foreign Corporationss
  • US Tax Implications of CFC Ownership
  • Forms 5471 and other filings
  • Tax Cuts and Jobs Act - Transition Tax
  • Plus lots and lots of examples!
                    
 
                        February 18, 2021

Passive Foreign Investment Companies

During this session we will discuss:
  • Definition of Passive Foreign Investment Companies
  • US tax implications of ownership in PFIC
  • Form 8621 and other filings
  • Common pitfalls of PFIC ownership               
  • Plus lots and lots of examples!                       
                        February 23, 2021                                                                    

Intro to Foreign Trusts

During this session we will discuss: 

  • Identifying Foreign Trusts
  • Reporting on Form 3520/3520-A and other filings
  • US Tax treatment of foreign gifts
  • Contributions, distributions, and loans from foreign trusts
  • Plus lots and lots of examples!


                           February 24, 2021

Intro to Foreign Partnerships

During this session we will discuss:

  • Definition of Foreign Partnerships
  • Form 8865 and other filing requirements
  • Reporting for US partners of foreign partnerships
  • Plus lots and lots of examples!



                        February 25, 2021

Gift & Estate Tax Issues for International Taxpayers

During this session we will discuss:

  • Gift Tax Issues To/From Nonresidents
  • Estate Tax Issues To/From Nonresidents
  • Life Insurance, Pension & Inheritance Taxation
  • Tax Planning Ideas
  • Australia Superannuation Treatment   
  • Plus lots and lots of examples!            
                        March 2, 2021
Intro to US Expatriate Taxation

During this session we will cover:

  • The Foreign Earned Income Exclusion
  • The Foreign Tax Credit for Individuals
  • US versus foreign source income
  • State tax issues for US expatriates
  • Plus lots of examples!


                         March 3, 2021
Intro to US Taxation of Foreign Nationals

During this session we will cover:

  • Tax filing status' for foreign nationals
  • Tax treatment for US Resident Aliens
  • Tax Treatment for US Nonresident Aliens
  • Tax Treatment for Dual-Status Aliens
  • Applicable elections & tax treaty positions
  • Plus lots of examples!


                         March 4, 2021
FBARs and FATCA for Individuals

During this session we will cover:

  • Foreign Bank Account Reporting Rules
  • FATCA and how it impacts individuals
  • Penalties for noncompliance
  • How to correct previous compliance issues



                         March 9, 2021
Cryptocurrency for Expatriates

During this session we will cover:

  • Introduction to virtual currency
  • Prior and current tax treatment for domestic (US) tax filers
  • Potential tax impacts for international taxpayers
  • How the IRS is targeting cryptocurrency

                         March 10, 2021
Expatriate Taxation - A Deeper Dive
During this session we will discuss:
  • Detailed instructions on preparing the Foreign Earned Income Exclusion and the Foreign Tax Credit
  • Nondiscrimination treaty positions
  • Social Security and Totalization Agreements
  • Tax treatment of rental or sale of US/foreign  residences while living overseas
  • Hypothetical tax                                              
  • Tax equalization including sample calculation 
                       March 11, 2021

Foreign National Taxation - A Deeper Dive

During this session we will discuss:
  • Treatment of FDAP income on Form 1040NR
  • Taxation of foreign pensions and annuities
  • Tax treatment of rental/sale of foreign residence
  • Expatriation provisions                                   
  • Samples of elections, including the verbiage 
  • Samples of treaty positions                            
  • How to prepare a dual-status tax return        
                          April 27, 2021

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