- NY Credits : 2.0
- TX Credits : 2.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 2.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax - 2.0
Enacted on December 22, 2017, legislation commonly referred to as the Tax Cuts and Jobs Act (TCJA) established a base erosion minimum tax to prevent companies from stripping earnings out of the U.S. through payments to foreign affiliates that are deductible for U.S. tax purposes. The tax is structured as an alternative minimum tax that applies when a multinational company reduces its regular U.S. tax liability to less than a specified percentage of its taxable income, after adding back deductible base eroding payments and a percentage of tax losses claimed that were carried from another year. This video course will explore key topics for practitioners and taxpayers such as the BEAT minimum taxing regime, its applicability to taxpayers, the includability of certain outbound payments, and the BEAT informational reporting requirements. This course is most beneficial to professionals new to base erosion and anti-abuse tax who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to this topic.
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
recognize the erosion anti-abuse taxing regime enacted under the Tax Cuts and Jobs Act of 2017, and
identify the basic provisions of Internal Revenue Code Section 59A and Final Treasury Regulations.