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CPE Self-Study
Tax Reform's Impact on Global Intangible Low-Taxed Income and Foreign-Derived Intangible Income
NASBA FIELD OF STUDY
Taxation
LEVEL
Intermediate
CPE CREDITS
Online: 2.0
A comprehensive overview of the changes affecting individuals and families, as well as critical financial planning considerations and strategies.

CPE On-Demand
AICPA’s online CPE courses will operate in a variety of configurations, but only the configuration described below is supported by our technicians.

A stable and continuous internet connection is required
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Supported Operating Systems:

  • Macintosh OS X 10.10 to present
  • Windows 7 to present

Supported Browsers:

  • Apple Safari
  • Google Chrome
  • Microsoft Internet Explorer
  • Mozilla Firefox

Required Browser Plug-ins:

Note: Your course will be accessible immediately after completing your purchase. Access instructions will be shown on the Order Confirmation Screen and included in your Order Confirmation Email, or click My Account at the top of the page, select My Purchases and then My Online Learning tab.

Technical Support: Please contact service@aicpa.org or use the Contact Us Form.

Product details

The monumental passage of the 2017 Tax Cuts and Jobs Act resulted in historic tax reform affecting nearly every American. This CPE course provides a comprehensive overview of the changes affecting individuals and families, as well as critical financial planning considerations and strategies.

Learning Objectives

  • Recognize the basic provisions enacted by the Tax Cuts and Jobs Act.
  • Identify the major international provisions of the new income tax laws.
  • Determine how the significant changes to international tax laws should be applied.

Key Topics

  • Overview of international tax reform
  • Overview of business provisions (non-international)
    • Rate cut
    • Cost recovery
    • IRC Section 163(j)
    • Modification of NOL rules
    • Carried interest
    • Sale and exchanges of partnership interests
  • The international provisions
    • Rules related to passive and mobile income
      • GILTI/FDII
        • Global intangible low-taxed income inclusion (GILTI)
        • Deduction for foreign derived intangible income (FDII)

Who Will Benefit?

  • CPAs, tax professionals, and other qualified professionals with basic knowledge of, and interest in, international tax
  • Management accountants and business team members involved in corporate tax function

Enhanced On-Demand Format

This enhanced on-demand format incorporates interactive exercises and/or knowledge check questions to test the learner's understanding of key concepts shared through discussion points on slides and from the subject matter expert captured in the video recording.

Ratings and reviews
Author(s)

David Sites, CPA

David Sites, International Technical Leader of Grant Thornton's Washington National Tax Office, has more than 17 years of experience working with U.S.-based multinationals, foreign-owned inbound U.S. corporations, closely held businesses and high net worth individuals.

Grant Thornton

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:
$59.00
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Estimated total:
$59.00
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CREDIT INFO
CPE credits
Online
: 2.0
NASBA Field of Study
Taxation
Level
Intermediate
Prerequisites
None
ADVANCE PREPARATION
None
Delivery Method
QAS Self-Study
Course acronym
CL4TRINTL2
GROUP PRICING
Contact a representative for group pricing.
Telephone: 800.634.6780 (Option 1)
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