- NY Credits : 12.0
- TX Credits : 12.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 12.0
International Taxation - Outbound Transactions
International expansion has been the governing drive of all U.S.-based multinational corporations for many years. Today more and more companies are going international for expansion and survival. This course explains the business and U.S. tax consequences of international expansion by a U.S.-based corporation. Learn about the licensing and franchising options. Understand the sourcing of income and the allocation and apportionment of expenses for tax purposes. Become familiar with the foreign tax credit and the limitation categories. For controlled foreign corporations, you will learn about the U.S. tax on undistributed earnings. Be cognizant of the rules governing related-party transfer pricing for foreign subsidiaries. Be aware of the U.S. export incentives of the interest charge domestic international sales corporation. While the TCJA made massive changes to the domestic provisions of the Internal Revenue Code, it has practically rewritten the international provisions; this course has been updated regarding the international provisions.
Upon successful completion of this course, the user should be able to:
determine business and U.S. tax consequences of international expansion by a U.S.-based corporation,
identify sourcing of income and allocation and apportionment of expenses,
determine foreign tax credit,
identify controlled foreign corporations,
recognize related-party transfer pricing, and
identify U.S. export incentives.