Basics of Foreign Inbound Reporting: Effectively Connected Income, FDAP, U.S. Withholding and Reporting Requirements
Recording of a 110-minute CPE webinar with Q&A
This webinar will break down the terminology, filing requirements, and withholding rules for foreign inbound transactions for tax practitioners working with multinational individuals and businesses. Our panel of knowledgeable foreign tax experts will discuss effectively connected income (ECI), fixed, determinable, annual, or periodic (FDAP) income, Form 1040NR, and 1120-F for tax practitioners working in the international realm.
- Foreign inbound reporting: introduction
- Effectively connected income (ECI)
- Fixed, determinable, annual, or periodic income (FDAP)
- Partnerships with non-U.S. owners
- Withholding requirements
- Non-resident tax returns: Form 1040NR
- Returns of foreign corporations: Form 1120F
- Other foreign inbound reporting considerations
The panel will cover these and other key issues:
- What is FDAP income, and how is it taxed in the U.S.?
- Who is considered a nonresident alien and required to file form 1040NR?
- What are the U.S. withholding obligations of withholding agents?
- When is a foreign business considered to have a U.S. trade or business and ECI?
PCS International Senior Manager
Eisner Advisory Group
Ms. Guis is a Tax Senior Manager in the International Tax Services Group, with nearly 10 years of experience in the... | Read More
Ms. Guis is a Tax Senior Manager in the International Tax Services Group, with nearly 10 years of experience in the areas of tax and accounting. She has experience in U.S. and international tax planning and compliance for U.S. and foreign high net worth individuals. Ms. Guis works with a variety of clients that are U.S. citizen and foreign individual living in both the United States and abroad.Close
Matthew Halpern, CPA, MST
STS-Int'l Senior Manager
Mr. Halpern is a Senior Manager in the International Tax Services group at BDO. With over 10 years of experience, he... | Read More
Mr. Halpern is a Senior Manager in the International Tax Services group at BDO. With over 10 years of experience, he works with multinational companies on both their outbound and inbound tax planning as well as the various compliance aspects involved. Mr. Halpern has the skills to explain complex tax technical topics to Non-tax professionals and by educating his clients on the intricacies of the U.S. Technical Tax rules, they gain comfort in their business decisions.
Mr. Halpern has worked extensively with companies in the professional services, information technology, consulting services, life-sciences and the manufacturing and distribution industries. His client base has significant international operations that face everyday challenges, including Subpart F, Global Intangible Low-Taxed Income (GILTI), Foreign Tax Credits and the Foreign-Derived Intangible Income deduction (FDII) at both the corporate and individual levels.
Additionally, Mr. Halpern understands the issues that are important to business enterprises with multinational activities, which includes foreign owned domestic businesses, outbound transfers of U.S. property, treaty jurisdictions and global expansion of the U.S. footprint. He understands the impact of U.S. tax compliance rules and requirements that may result from the effects of foreign transactions and structuring by U.S. taxpayers.Close
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