- NY Credits : 13.0
- TX Credits : 13.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 13.0
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 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 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.
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
identify sourcing of income and allocation and apportionment of expenses,
determine the foreign tax credit,
identify controlled foreign corporations, and
identify U.S. export incentives.