Seminar on ‘US Taxation for Expatriates’ on Monday

Manama, May 6 (BNA): The American Chamber of Commerce in Bahrain (AmCham) will be hosting an evening seminar titled ‘US Taxation for Expatriates’ on Monday. Deloitte’s representative, Steven Youngblood, Tax Managing Director - Global Employer Services based in Houston, Texas will discuss and answer questions on the new US tax reforms and the impact on expats. This seminar will be of interest to US citizens living overseas who file taxes as well as those holding significant US assets. Topics to be covered include recent US tax reforms and the impact on individuals - comparative analysis between 2017 and 2018, eligibility for the foreign earned income and foreign housing exclusion, Foreign Financial Asset Reporting requirements, and eligibility for retirement contributions for Expats. Other topics cover Estate and Gift Tax overview, planning considerations and becoming compliant with US tax filing obligations and the programmes available. “AmCham offers this unique opportunity to hear from and ask questions to Youngblood, a taxation expert from Deloitte here from the US," AmCham Bahrain President Qays Zu’bi said. "Steven fully understands new US tax guidelines associated with living abroad and we are confident this will be an informative discussion. There is a need for US citizens and persons with US investments to become informed about the new US tax laws and their US tax filing obligations. This tax seminar is a ‘must attend’ for anyone interested in the unique tax filing and bank report obligations imposed upon US individual taxpayers living and working abroad.”