In this CPE course, 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 multi-jurisdictional tax exposure and the required tax reporting for each relevant jurisdiction.
- Export income
- 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
When you complete this course you will be able to:
- 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 against U.S. taxes.
- 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.
Who Will Benefit?
- Experienced tax professionals and accountants
Prerequisite: Basic understanding of individual and business taxation
Advanced Preparation: None.