General experience with individual taxation.

Course Description

The United States has a 'worldwide' concept of taxation, and therefore it taxes its citizens and resident aliens on all income regardless of where it was earned. The taxation of foreign source income is one of the most fascinating areas of the Internal Revenue Code. U.S. citizens living abroad are taxed on their foreign source income, but they may qualify for the Foreign Earned Income Exclusion, or if they pay foreign taxes, may qualify for the foreign tax credit. This course takes you on a journey through the ins and outs of foreign earned income, the qualification for the foreign earned income exclusion, and foreign tax credits for individuals.


D. Patrick Donahoe

D. Patrick Donahoe, CPA, is the president of Donahoe & Associates, CPAs, and the managing member of Tax Management Service International, LLC (TMSI), both located in Charleston, West Virginia. He concentrates his local practice in tax planning for individuals and closely held companies, estate planning, corporate reorganizations, and litigation support. TMSI handles the taxation of U.S. citizens living and working abroad; consults on cross-border issues; and advises on IC-DISCs, FSCs, CFCs, and European Union tax issues.

Patrick is currently a member of the AICPA, a past president of the Charleston Chapter of the West Virginia Society of CPAs, a former chairperson of the Charleston Area Tax Group, and a past president of the Charleston Estate Planning Council. He was one of the first CPAs in West Virginia to earn the designation of Accredited Estate Planner (AEP). Previously, he lectured on various topics for continuing education courses and taught numerous courses as an adjunct instructor at the University of Charleston Graduate School Executive MBA program, Marshall University Graduate College, and West Virginia Junior College.

Course Specifics

Apr 4, 2016
General experience with individual taxation.

Compliance Information

IRS Provider #: 0MYXB
IRS Course ID: 0MYXB-T-00565-14-S
IRS Federal Tax Law Credits: 2
CTEC Provider #: 2071
CTEC Course ID: 2071-CE-0585
CTEC Federal Tax Law Credits: 2
Qualifies for CA Fraud: No

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Identify what payments qualify as foreign source income and explain how this income should be reported.
  • Recall how a U.S. taxpayer can qualify for the foreign earned income exclusion.
  • Recognize how to allocate taxes paid to one of two categories of income: passive (interest) or general (wages).
  • Cite how a taxpayer can qualify for bona fide residency status in a foreign country.
  • Identify how a taxpayer should prorate the foreign earned income exclusion when living in a foreign country for part of the year.
  • Note the tax laws that apply to moving expenses incurred while relocating to a job location in a foreign country.
  • Identify Section 901(j) income.
  • Recognize deductions into one of fifteen classes of gross income.
  • Recall how foreign income exempt from state tax should be handled for tax purposes.

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Online Access

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