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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Tax Preparer

Date & Time
  • event Date

    Monday, February 10, 2025

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    110 minutes

Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

$197.00

This course is $0 with these passes:

CPE
ALL

This webinar will take a detailed look at the most significant concerns of taxpayers considering retiring abroad. Our panel of international tax attorneys will explain U.S. expatriation requirements, the benefits and caveats of Golden Visa programs, and immigration considerations for moves to Puerto Rico, Portugal, Israel, and other popular destinations for advisers to taxpayers considering moving overseas.

Faculty

Stuart Anolik
Partner
FisherBroyles, LLP

Mr. Anolik has handled client matters involving international investment and finance, intellectual property migration, transfer pricing, infrastructure project finance, mergers and acquisitions, and international taxation. These clients range from start-ups to Fortune 500 companies, on various international securities and transactional matters, including multi-jurisdictional acquisitions and dispositions of business; cross-border joint ventures; and securities transactions and financings for the U.S., European, Asian, and Latin American companies. In addition, he provides consulting services to high net worth individuals in regard to estate planning, wealth preservation, and asset protection planning.

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Jennifer Cory
Partner
FisherBroyles, LLP

Ms. Cory is the leader of FisherBroyles’s Immigration practice group. She navigates the complexities of US immigration law to design efficient, effective visa routes for her clients, who include educators, entrepreneurs, executives, innovators, and investors in key industry sectors such as academia, automotive, financial, manufacturing, pharmaceutical, and technology. Ms. Cory's comprehensive guidance ensures that companies and individuals alike understand and comply with the web of multiple and often confusing regulations that govern the authorized employment and status of non-citizens. She is certified as a Specialist in Immigration Law by the North Carolina State Bar, included in Best Lawyers in America in the field of Immigration Law, and selected as a global leader in Who’s Who Legal for Corporate Immigration. Ms. Cory is a locally, nationally, and globally recognized expert.

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Description

Leaving the U.S. has consequences. U.S. citizens are obligated to pay tax on their income regardless of where it is earned. As a resident of a foreign country, a retiree could be subject to tax in two countries. A taxpayer can relinquish their citizenship by filing Form 8854, Initial and Annual Expatriation Statement, and paying an exit tax if required.

In addition to U.S. considerations, there are immigration considerations abroad. Many countries offer Golden Visa programs. These offer accelerated residency in a new country, often speeding up the foreign citizenship process and offering perks for relocating. Some require a capital infusion, job creation, or other investment in the country. If offered, each country's immigration policies and Golden VISA programs differ.

Portugal has one of the most popular Golden Visa programs. Depending on the particular option selected, it requires an investment of as little as 250,000 Euros, allows the investor to apply for citizenship after five years, and allows VISA-free travel in Europe's Schengen Area.

There are non-tax considerations of moving abroad as well. Language barriers can be a primary concern. Once a citizen of Portugal, for example, a resident is eligible for national health and education services.

Listen as our panel of experts reviews the chief immigration, income tax, and non-tax considerations of retiring abroad.

Outline

  1. Moving Abroad-Considerations
  2. Immigration Considerations
    1. Expatriation from the US
    2. Destination Country Requirements in General
    3. Golden Visas
  3. Income Tax Considerations
    1. Expatriation Tax
    2. Controlled Foreign Corporation Considerations
  4. Retirement Considerations
    1. Traditional IRAs
    2. Roth IRAs
    3. 401(k)
    4. Social Security Payments
  5. Destinations
    1. Immigration
    2. Non-Tax Considerations
    3. Tax Considerations

Benefits

The panel will cover these and other critical issues:

  • Immigration considerations of moving to specific countries
  • Golden VISA opportunities and caveats of moving to Portugal and Israel
  • Who is required to pay an exit tax
  • Strategies available to abate multinational taxation

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Determine who is required to pay an exit tax when moving abroad
  • Decide the tax consequences of moving abroad
  • Ascertain key differences in specific countries' Golden VISA programs
  • Identify elements of Portugal's Golden VISA program

  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite: Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of international taxation including residency determination, foreign entity classifications, application of treaty benefits, as well as GILTI, Subpart F, and the related Section 250 deductions.

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).