This approach is almost painless, stealthy and gets the job done
Almost Done!
description
Transcript of Almost Done!
![Page 1: Almost Done!](https://reader035.fdocuments.in/reader035/viewer/2022062315/56815b31550346895dc8ff2e/html5/thumbnails/1.jpg)
Almost Done!
Tonight• Section 14 Review• Quiz• Break• Go over Quiz• Group Question on W2’s!
![Page 2: Almost Done!](https://reader035.fdocuments.in/reader035/viewer/2022062315/56815b31550346895dc8ff2e/html5/thumbnails/2.jpg)
Payroll for U.S. Employees Working Abroad and Aliens
in the United States
Section 14
![Page 3: Almost Done!](https://reader035.fdocuments.in/reader035/viewer/2022062315/56815b31550346895dc8ff2e/html5/thumbnails/3.jpg)
Overview
• Type of Employees • Taxation Issues• Exclusions• Visas
![Page 4: Almost Done!](https://reader035.fdocuments.in/reader035/viewer/2022062315/56815b31550346895dc8ff2e/html5/thumbnails/4.jpg)
Types of Employees• Expatriate
• Non Resident Alien
• Resident Alien
![Page 5: Almost Done!](https://reader035.fdocuments.in/reader035/viewer/2022062315/56815b31550346895dc8ff2e/html5/thumbnails/5.jpg)
Taxation Issues• What is subject to Federal Income Tax
Withholding (FITW)?• What is subject to Social Security and
Medicare?• Who is covered by FUTA?• Tax equalization plans• Tax protection plans• ITINs
![Page 6: Almost Done!](https://reader035.fdocuments.in/reader035/viewer/2022062315/56815b31550346895dc8ff2e/html5/thumbnails/6.jpg)
What are these?• Foreign Country• Full Day• Totalization Agreements• Temporary Assignment• Foreign Affiliate• Foreign Earned Income• US Income Tax Treaties
![Page 7: Almost Done!](https://reader035.fdocuments.in/reader035/viewer/2022062315/56815b31550346895dc8ff2e/html5/thumbnails/7.jpg)
Where does the Employee live?• Tax Home • Domicile• Bona Fide Residence Test• Physical Presence Test
![Page 8: Almost Done!](https://reader035.fdocuments.in/reader035/viewer/2022062315/56815b31550346895dc8ff2e/html5/thumbnails/8.jpg)
Exclusions• Foreign Earned Income Exclusion
• Foreign Housing Cost Exclusion
![Page 9: Almost Done!](https://reader035.fdocuments.in/reader035/viewer/2022062315/56815b31550346895dc8ff2e/html5/thumbnails/9.jpg)
Forms to Know• Form 673 • Form 2032• Form 2555• Form 1116• I – 9
• Form 6166• Form 8802• W – 4• W – 9• W – 7
![Page 10: Almost Done!](https://reader035.fdocuments.in/reader035/viewer/2022062315/56815b31550346895dc8ff2e/html5/thumbnails/10.jpg)
Types of Visas• B – 1• D – 1• E – 1• E – 2• F – 1• H – 1B & H – 1C• J - 1
• L – 1A & L – 1B• M – 1• O – 1 & O – 2• P – 1• Q• R – 1• TN, NAFTA
![Page 11: Almost Done!](https://reader035.fdocuments.in/reader035/viewer/2022062315/56815b31550346895dc8ff2e/html5/thumbnails/11.jpg)
Questions ?
![Page 12: Almost Done!](https://reader035.fdocuments.in/reader035/viewer/2022062315/56815b31550346895dc8ff2e/html5/thumbnails/12.jpg)
Next Week
100 Question Post TestFinal Wrap Up