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.
DESIGNED FOR
Senior associates through managers in public accounting who assist clients with tax implications of their global operations, owners and CFOs of closely held businesses with international operations.
BENEFITS
- 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 to the U.S. tax bill
- 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
HIGHLIGHTS
- Export income
- Receipts in foreign currency
- Allocation and apportionment of deductions
- U.S. foreign tax credit
- Initiation of foreign operations
- Foreign branches and affiliated companies in the United States
- Sale of use of tangible property
- Foreign business operations, foreign business sales of tangible property and foreign business provision of services in the United States
- Exploitation of business assets outside of the United States
- Foreign tangible/intangible property in the United States
- U.S. withholding taxes on foreign businesses
COURSE LEVEL
Intermediate
PREREQUISITES
A strong knowledge of U.S. income taxation.
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- *AICPA members deduct an additional $30 from applicable price.
Course materials are distributed electronically and we’ve passed the savings along to you - registrants save $20 on all 8-hour seminar pricing. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.