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International Taxation

Description

Get a solid understanding of 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. Whether your organization is contemplating a global move or is already involved in international business, you need to know about the activities that create multijurisdictional tax exposure and the required tax reporting for each relevant jurisdiction. Course materials include the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law and the subsequent regulations.

Learning Objectives

When you complete this course you will be able to:

• Identify basic foreign tax law fundamentals to properly serve clients that
require international tax compliance.
• Recognize how to comply with U.S. tax reporting requirements for
inbound and outbound transactions and operations.
• Identify how to 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.
• Recognize how to Report foreign bank accounts and investments in
jurisdictions including FATCA rules.
• Identify the U.S. tax reporting requirements for foreign affiliates.
• Recognize how to 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.

Major Topics
  • 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
Provider
AICPA
Course Level
Update
Professional Area of Focus
Taxation
Tax
CPE Field of Study
Taxes
8
Who Should Attend

Senior associates through manager in public accounting who assist clients with tax implications of their global operations, owners, and CFOs of closely held businesses with international operations

Instructor(s)
Cecil Nazareth
Prerequisites

Strong knowledge of the U.S. Income taxation

Advanced Preparation

None

Location
Online
Event Information
When
Jan 24, 2023
8:00 am - 4:00 pm EST
Location
Online
Total CPE Credits
8
Format
Live Webcast

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International Taxation


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