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US Tax Compliance for Canadian Residents; Navigating FATCA Regulations

US Tax Compliance for Canadian Residents; Navigating FATCA Regulations

$199.00
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US Tax Compliance for Canadian Residents: Navigating FATCA Regulations



Course Overview

This comprehensive course is designed to provide Canadian residents with a thorough understanding of US tax compliance and FATCA regulations. Participants will gain the knowledge and skills necessary to navigate the complexities of US tax law and ensure compliance with all relevant regulations.



Course Features

  • Interactive and engaging learning experience
  • Comprehensive and up-to-date content
  • Personalized learning approach
  • Practical and real-world applications
  • High-quality content developed by expert instructors
  • Certificate issued by The Art of Service upon completion
  • Flexible learning schedule
  • User-friendly and mobile-accessible platform
  • Community-driven learning environment
  • Actionable insights and hands-on projects
  • Bite-sized lessons and lifetime access
  • Gamification and progress tracking features


Course Outline

Module 1: Introduction to US Tax Compliance

  • Overview of US tax law and regulations
  • Understanding US tax residency and obligations
  • Introduction to FATCA and its implications
  • Key concepts and terminology

Module 2: FATCA Regulations and Requirements

  • In-depth analysis of FATCA regulations
  • Understanding FFI and NFFE classifications
  • Registration and reporting requirements
  • Due diligence and compliance procedures

Module 3: US Tax Obligations for Canadian Residents

  • Understanding US tax obligations for Canadian residents
  • Filing requirements and deadlines
  • Reporting foreign income and assets
  • Claiming foreign tax credits

Module 4: FBAR and Form 8938 Reporting

  • Understanding FBAR and Form 8938 reporting requirements
  • Filing deadlines and procedures
  • Reporting foreign financial accounts and assets
  • Penalties for non-compliance

Module 5: Withholding and Reporting Requirements

  • Understanding withholding and reporting requirements
  • Backup withholding and Form 1099 reporting
  • Withholding on foreign partner's share of income
  • Reporting and paying withheld taxes

Module 6: Compliance and Risk Management

  • Understanding compliance and risk management strategies
  • Conducting due diligence and risk assessments
  • Implementing compliance procedures and controls
  • Monitoring and reporting compliance issues

Module 7: Penalties and Enforcement

  • Understanding penalties and enforcement procedures
  • Penalties for non-compliance and late filing
  • Reasonable cause and mitigation of penalties
  • Appealing penalties and enforcement actions

Module 8: Advanced Topics in US Tax Compliance

  • Understanding advanced topics in US tax compliance
  • Foreign tax credits and foreign earned income exclusions
  • Entity classification and tax implications
  • Special reporting requirements and procedures

Module 9: Case Studies and Real-World Applications

  • Real-world case studies and applications
  • Practical examples and scenarios
  • Group discussions and problem-solving exercises
  • Hands-on projects and activities

Module 10: Final Exam and Certification

  • Comprehensive final exam
  • Certificate issued by The Art of Service upon completion
  • Certificate requirements and maintenance
  • Continuing education and professional development


Certificate of Completion

Upon completing this comprehensive course, participants will receive a certificate issued by The Art of Service, demonstrating their expertise and knowledge in US tax compliance and FATCA regulations.

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