- NY Credits : 4.0
- TX Credits : 4.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 4.0
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. Sourcing rules are important for minimizing the risk of double taxation when a U.S. taxpayer is investing or conducting commercial operations across multiple taxing jurisdictions. This course is most appropriate for the professional with detailed knowledge in taxation who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
identify the different types, groups, classes, and methods for determining domestic and foreign income sources,
identify the expense allocation and apportionment process used for international tax provisions, and
identify the TCJA income sourcing revisions and the expense allocation and apportionment revisions.