Tax treaties between the United States and other countries cover a variety of topics, including income. The treaties create a parallel Federal tax law to the Internal Revenue Code, and sometimes it is useful to opt out of the Code and into the treaties for tax planning purposes. In this presentation, we will focus on individual taxpayers: when are tax treaty elections permitted, how you make an election, and how you decide whether making a treaty election is a good idea.
* Identify when treaty elections are permitted
* How to prepare Form 8833 to make the treaty election
* When is it useful to make a treaty election?
* Making a treaty election to make yourself a nonresident of the USA
* Income tax treaties
* Form 8833
Lawyers and CPAs.