In this CPE course, enhance your 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.
Learning Objectives
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
Key Topics
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
Who will it benefit?
Tax Staff Training, Level 4 training gives your managers and directors the tools they will need to offer existing clients additional services. Those with approximately 5 years of tax compliance experience
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