Chapter Meetings Notice:
If you are interested in presenting a tax topic for continuing education credit to the Northern Virginia Chapter, please click here for the “Call for Speakers” form.
Date: September 29, 2021
Time: 6-7 PM
Location: Virtual, via Zoom
Topic: Foreign Earned Income Exclusion and Expatriate Taxation
Program Number: QSRNU-T-00495-O
US citizens, Green card holders and residents (based on the Substantial presence test) are taxed on worldwide income. US citizens and green card holders living abroad have a responsibility to file tax returns reporting worldwide income if their income is over the reporting threshold even if they do not owe taxes. Form 2555 and Form 1116 are important to reduce tax exposure for these clients who live abroad. This seminar will discuss the preparation of Form 2555 and go over key terminology with relevant examples. Unique issues faced during year of departure and year of entry will also be addressed.
Speaker: Vijaya Kripanandan, EA
Vijaya Kripanandan has both local and international clients and specializes in foreign income reporting for individuals who live abroad and in the US. Having a Masters degree in Business Administration, she began tax preparation 21 years ago with H&R Block and left in 2017 to start her own tax practice. Beyond foreign income reporting, she also has experience working on OIC and Installment agreements, is an enrolled and ITIN acceptance agent and has volunteered with VITA and ECDC Ethiopian Community Development Council. When she’s not crunching numbers, Vijaya enjoys tending to her garden and participating in local book clubs.
CE credit: 1
Cost: Free for members
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