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CPE Self-Study
International Taxation: Outbound Transactions
NASBA FIELD OF STUDY
Taxes
LEVEL
Basic
CPE CREDITS
Online: 5.5
Covers the other major areas of US international tax reform such as DRD, GILTI, BEAT, FDII, and Section 965.

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Find out more information on the Tax Section.

CPE On-Demand
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  • Windows 7 to present

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  • Microsoft Internet Explorer
  • Mozilla Firefox

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Product details

Build a solid foundation.

Who Will Benefit?

  • Public and corporate tax professionals interested in building a solid foundation in U.S. international taxation.

Key Topics

  • GILTI
  • FDII
  • BEAT
  • DRD
  • Section 965
  • Section 956 – types
  • Calculation
  • 960(c)
  • Section 959 - PTI distributions and implications
  • Section 1248 applicability
  • Section 1248 calculations

Learning Objectives

  • Identify new foreign dividends received deduction
  • Recall the new Global Intangible Low-Tax Income basket
  • Identify the Foreign Derived Intangible Income deduction
  • Recall the Base Erosion Anti-Abuse Tax
  • Recall the One-Time Transition Tax
  • Identify the various types of Section 956 investments in U.S. property
  • Apply the exceptions to Section 956
  • Calculate Section 956
  • Apply Section 960(c)
  • Identify when E&P becomes PTI
  • Determine the tax consequences upon a distribution of PTI
  • Identify the impact PTI has on outside tax basis in CFC stock
  • Determine when Section 1248 applies
  • How section 1248 is calculated.

This self-study online course is part of the U.S. International Tax Certificate, a comprehensive learning program geared to help global finance and accounting professionals navigate the highly complex world of international taxation. This course can be purchased individually or as part of the U.S.International Tax: Inbound and Outbound Transactions bundle. You must purchase the bundle to earn the digital badge.

This CPE self-study course covers the other major areas of U.S. international tax reform such as dividends received deduction (DRD), Global Intangible Low-Taxed Income (GILTI), Base Erosion and Anti-abuse Tax (BEAT), Foreign-Derived Intangible Income (FDII), and Section 965. It then details Section 956, investment in U.S. property by a Controlled Foreign Corporation (CFC). Finally, it covers Section 959, previously taxed income.

Discussion will also focus on general operating rules, consequences of previously taxed income ( PTI) distributions, and successor rules. Finally, this module will cover section 1248 applicability in bother taxable and non-taxable transactions with examples.

Ratings and reviews
Author(s)

Sara Yip

Susan Ammer

Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

Price:
$129.00
Member Quantity:
Nonmember Quantity:
Quantity:
Estimated total:
$129.00
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CREDIT INFO
CPE credits
Online
: 5.5
NASBA Field of Study
Taxes
Level
Basic
Prerequisites
None
ADVANCE PREPARATION
None
Delivery Method
QAS Self-Study
Course acronym
ITC_18D_1
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