CPE Self-Study
Introduction to U.S. Outbound and Inbound Transactions
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Online: 6.0
Covers inbound and outbound taxation topics including calculating effectively connected income, sourcing income, the branch profits tax, and the Foreign Investment in Real Property.

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Product details

Gain a solid foundation

Who Will Benefit?

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

Key Topics

  • One-time transition Tax
  • Dividends Received Deduction
  • Foreign-Derived Intangible Income
  • Foreign Currency
  • Entity Classification options
  • Effectively Connected Income
  • Branch Profits Tax
  • Withholding Taxes
  • Foreign Account Tax Compliance
  • Foreign Investment in Real Property Tax
  • Tax Treaties
  • Base Erosion Anti-Abuse Tax

Learning Objectives

  • Identify business transactions that generate outbound tax issues.
  • Recognize the approach for taxing U.S. persons with foreign activities.
  • Describe the key tax reform provisions affecting outbound transactions.
  • Recall the basics of the anti-deferral provisions applicable to controlled foreign corporations.
  • Recognize foreign currency issues affecting outbound transactions.
  • Recognize reporting requirements applicable to U.S. persons invested in foreign corporations, foreign disregarded entities, and/or foreign partnerships.
  • Recall effectively connected income (ECI) to a U.S. trade or business
  • Recall the rules for sourcing of income
  • Recall the rules for fixed or determinable, annual or periodic gains, profits, and income (FDAP)
  • Identify a framework for determining and calculating ECI and the Branch Profits Tax (BPT)
  • Indicate a general framework on the U.S. withholding taxes

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: Core Concepts bundle. You must purchase the bundle to earn the digital badge.

This course provides a solid foundation of U.S. inbound and outbound taxation and key concepts that are related. It begins with the business transactions that generate outbound tax issues in the U.S. tax system, such as the introduction to the one-time transition tax introduced by the Tax Cuts and Jobs Act of 2017. Also considered are:

  • Concepts related to global intangible low-taxed income, foreign tax credits, foreign currency, and foreign-derived intangible income;
  • Inbound taxation topics like calculating effectively connected income, sourcing income, the branch profits tax, the Foreign Investment in Real Property Tax Act;
  • How to interpret tax treaties and how they can reduce U.S. income and withholding taxes; and,
  • The Base Erosion Anti-Abuse Tax created by the Tax Cuts and Jobs Act
Ratings and reviews

Denise Clark, CPA, M.S.

Director, Tax

Denise is a South Florida based Tax Director serving clients in Grant Thornton’s Southeast marketplace. Denise provides general tax services for a number of large multistate and multinational clients, while specializing in the area of international taxation. Denise has in-depth experience in providing a wide range of tax services to businesses operating in a number of industries. She has served both large multistate and multinational corporations in the technology services industry, manufacturing and distribution industries, as well as serving a number of large private equity companies.

F. Douglas Watson, CPA, J.D., LL.M.

Director, International Tax Services

Doug has focused the past 35 years on assisting multinational clients on international tax matters, including cross-border mergers and acquisitions, reorganizations and structured finance. Doug started the first 11 years of his career at Arthur Andersen assisting Multinational Corporations (MNC) in expanding into non-U.S.A. markets, as well as, into the U.S.A.

Kyle Brandon, CPA

Senior Manager, International Tax Technical Leader

Kyle is a Senior Manager in the International tax practice with Grant Thornton’s Minneapolis office. He has over eight years of experience providing international tax services to public and privately held businesses. Kyle leads Grant Thornton’s U.S. export tax incentives group. He is involved in the planning and execution of U.S. export opportunities for qualifying companies throughout Grant Thornton’s US firm.


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.

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CPE credits
: 6.0
NASBA Field of Study
Delivery Method
QAS Self-Study
Course acronym
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