Clients with multinational transactions and/or international holdings present both complex income tax questions and assorted special information filing requirements. Navigating these rules and requirements is difficult; this course provides a guide for the assorted compliance obligations relevant in the international tax context. This program will begin with background on international tax basics/concepts, then delve into how foreign-sourced income is reported by United States taxpayers.
The program will then focus on the information forms required to be filed in the international tax context, including the FBAR, Form 8938, Form 3520, Form 8621, Form 5471, Form 8865, Form 8858, and Form 5472. Income reporting requirements for foreign taxpayers with income connected to the United States will also be covered, including obtaining treaty benefits.
The program will also include an overview of the important withholding obligations and compliance requirements for American-based taxpayers paying income to foreign recipients.
Patrick is a partner with Culhane Meadows, a national law firm with a prominent practice in the international area. Patrick practices exclusively in the area of international taxation. He has extensive experience in handling complex tax planning, structuring, and compliance issues for foreign businesses with United States operations, United States businesses with foreign operations, and individual taxpayers with international ties. Patrick regularly works with advisors both in the United States and abroad to assist with international tax issues faced by their clients.
Patrick is a prolific contributor to a multitude of international tax journals, including Tax Notes and the Journal Of International Taxation. He is an active speaker and panelist for national seminars and webinars, including regularly scheduled presentations with CPA Academy on assorted international tax topics. Patrick holds a Juris Doctorate from Vanderbilt University Law School and a LL.M. from New York University School of Law. His bar admissions include Pennsylvania, Florida, New Jersey and Georgia.
Each year from 2016-2019, Patrick has been recognized by Super Lawyers as a Rising Star. Finance Monthly, a United Kingdom-based publication, named Patrick Estate Planning Lawyer of the Year (United States) for both 2017 and 2018. Patrick and his wife reside in Phoenixville, PA.