OBJECTIVE:
This seminar provides a general understanding of U.S. taxation of U.S. citizens and resident aliens abroad, exposure for failure to file U.S. tax and information returns, options for delinquent filers, and recent changes to U.S. income taxes. The seminar material will include useful references including sample treaty disclosure statements. Detailed case studies will be used to illustrate concepts.

WHO WILL BENEFIT:
Practitioners and financial professionals who advise U.S. citizens and resident aliens living abroad.

LEARNING OUTCOMES:
By the end of this course, participants should be able to:

• Determine what income can be excluded from U.S. taxation.
• Determine what income in eligible for foreign tax credits.
• Identify reporting and filing requirements for U.S. citizens abroad
• Recognize recent changes to U.S. income taxes.

CONTENT:
Topics covered in this course include:

• filing requirements, FBAR, voluntary disclosure process and current developments
• sourcing of income
• foreign earned income exclusions
• foreign tax credits
• U.S. tax implications on sale of a principal residence
• U.S. taxation of RRSPs, TFSA’s and RESPs for U.S. citizens living in Canada
• Canadian taxation of 401(k) plans, traditional IRAs, Roth IRAs, and 529 Plan 
• U.S. expatriation tax rules
• IRC Sec. 965 and Global Intangible Low-Taxed Income
• Passive Foreign Investment Companies
• Foreign branches
• U.S. Voluntary Disclosure Program – Streamlined Filing Procedures

PREREQUISITES:
Participants should have a general understanding of the interrelationship of U.S. tax with Canadian tax. US Personal Tax – Fundamentals recommended.  Canadian tax principles are not the focus of the seminar.

WHAT TO EXPECT:

• Two emails will be sent from CPA Saskatchewan following your registration: one to confirm your order and one including information on how to access the course through PD Connect. 
• Once sent, these emails can also be found in the Communication tab of your CPA Saskatchewan Member Portal.
• Watch a qualified CPA instructor and receive a copy of the same course material that is provided to attendees of the in-person session. 
• This course is designed for participants to view while following along with the course material provided. 
• This self-study course allows you to save your progress and continue later.
• A certificate of completion will be provided upon successful completion of the course and quiz. 
• Registration for this course is open until March 31, 2025, and access will be available for 180 days after registration, up to April 30, 2025.