Whether your organization is contemplating a global move or already involved in international business, you need to know about the activities that create multi-jurisdictional tax exposure and the required tax reporting for each relevant jurisdiction. Including updates from November 2016 on final Subpart F Regulations, This CPE course offers practical guidance on international tax terminology and regulations that apply to a U.S. entity involved in global operations or for a foreign entity doing business in the U.S.
This course will prepare you to do the following:
- Apply basic foreign tax law fundamentals to properly serve clients that require international tax compliance.
- Comply with U.S. tax reporting requirements for inbound and outbound transactions and operations.
- Source income to a foreign jurisdiction.
- Determine the required allocation and apportionment of deductions to foreign sourced income.
- Analyze which foreign taxes are creditable against U.S. taxes.
- Report foreign bank accounts and investments in jurisdictions including FATCA rules.
- Describe the U.S. tax reporting requirements for foreign affiliates.
- Structure transactions and/or business operations of foreign-based service businesses entering the United States.
- Evaluate the effect of treaties on the taxation of your client’s foreign based income activities.
- Export income
- Receipts in foreign currency
- Allocation and apportionment of deductions
- U.S. foreign tax credit—fundamentals and special rules
- Initiation of foreign operations
- Foreign branches and affiliated companies
- Sale of use of tangible property
- Foreign business operations in the United States
- Foreign business sales of tangible property in the United States
- Foreign business provision of services in the United States
- Exploitation of business assets outside of the United States
- Use of foreign tangible/intangible property in the United States
- U.S. withholding taxes on foreign businesses
Who Will Benefit?
CPA firm seniors (and above) and other tax professionals looking for the best techniques to understand international taxation.
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