Basics of Foreign Outbound Tax Reporting: Identifying Income Tax and Information Return Reporting Requirements
An Introduction to Forms 1116, 2555, 8938,5471, 8865, 8858, 8621, 926 and the FBAR
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will provide tax advisers and professionals with a sound foundation for identifying foreign tax and asset information requirements for outbound transactions. The webinar will identify reporting requirements, explain outbound filing duties, and detail the intersection between information reporting, income declaration, tax computation, and credit claims.
Outline
- Overview of U.S. tax regime
- Determining whether a taxpayer falls under U.S. tax jurisdiction
- Informational reporting requirements
- Income reporting requirements for U.S. taxpayers with income from offshore activities
- How recent legislative changes affect the structure of foreign tax reporting
Benefits
The panel will discuss these and other relevant topics:
- How the U.S. foreign tax reporting regime is structured for outbound activities
- Types of information filings and how they intersect with one another
- Coordination between U.S. and other countries in identifying assets
- Foreign reporting requirements of U.S. taxpayers
Faculty

Samantha Guis
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.
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Matthew Halpern, CPA, MST
STS-Int'l Senior Manager
BDO USA
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.
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