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Advising the Global Family on Tax Matters (CD)

Price:
$12.00
SKU:
SKU #20SFVBA-33-C
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Self-study hours are logged by the listener and the one page list is kept in an MCLE compliance folder. The log requires a listing of each program title, the program's approved MCLE provider name, program length, and whether or not that program contains mandatory subfield credit (legal ethics, elimination of bias, or prevention of substance abuse.)

Participatory hours require a proctor (any adult who is not simultaneously using the same program for participatory credit) to complete and sign documents accompanying each participatory program. Those completed and signed documents are subsequently returned to Versatape and individual certificates of compliance are prepared and returned to the listener to be filed in a MCLE compliance folder. Versatape will also keep a copy of the certificates of compliance on file. If audited the State Bar will be looking for a copy of those completed certificates of compliance and a copy of the self -study hours log.

Note: Please note MCLE audio program hours listened to in excess of 25 hours in a 3-year compliance period cannot be carried over into the next 3-year cycle.

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Choose your categories of interest and we will select available programs from the areas you choose. Additionally, you can add specific programs SKU's numbers which will be included in your package in addition to your preferred categories.

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Assemble your own 12 hour, 13 hour. or 25 hour package. Simply copy and paste the SKU number of each program you would like included into the Specific Programs Desired section and we will build your custom package for you. Remember to include the required subfield hours (if you need them): 4 hours of legal ethics, 1 hour of the elimination of bias and 1 hour of the prevention of substance abuse programs to your list (we can select them for you if you desire).

How They Work

MCLE Credit: 1 hour

This seminar, recorded May 19, 2020 discusses:

The Modern (and Mobile) Client

  • Increased ownership of international assets
  • Record numbers of expatriates
  • Foreign citizens residing in the U.S.
  • Income in multiple countries 

Roadmap

Preliminary considerations

Purchase of real property outside the U.S.

Holding and transferring real property

Basics of Income Tax

United States Estate Taxation

  • Of U.S. citizens and residents owning foreign property
  • Of nonresidents owning U.S. situs property

Planning Opportunities and Pitfalls

  • Non-citizen spouses and QDOts
  • Transfers to and from U.S. and foreign trusts 
  • Perfunctory Advice: Plan Ahead
  • What if Client Already “Lept”?
  • A Note on Multi-Jurisdictional Practice
  • Need for Local Co-Counsel
  • The IRS and U.S. Tax Authority
  • Purchasing Foreign Real Property
  • Foreign Bank Account Report (FBAR)
  • The Dreaded “Foreign Trust” Designation
  • IRS Form 3520 (and 3520A)
  • Renting or Selling Foreign Real Property
  • What Happens After Your Client Buys Foreign Real Property
  • Estate Taxation of Nonresident Aliens
  • Resident or Nonresident?
  • U.S. Income Tax v. Estate Tax Residency
  • Estate Tax Treaties
  • U.S. Taxation of Gifts
  • Non-Citizen Spouses
  • Estate Planning Considerations
  • Qualified Domestic Trust (“QDOT”) 

Program materials included. Speaker: Alex J. Hemmelgarn, Esq.  Recorded May 19, 2020. MCLE Credit: 1 hour

 

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Programs by MCLE Approved Providers:

San Fernando Valley Bar Association (#451)

Pasadena Bar Association (#531)

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