- NY Credits : 7.0
- TX Credits : 7.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 7.0
This comprehensive program will go a long way in helping CPAs gain a general understanding of the complexities of international taxation. Practitioners will learn about the importance of the income-sourcing rules in international tax planning and compliance work, the special source rules that apply to different kinds of income, the fundamentals of foreign tax credit calculation, and the U.S. taxation of foreign source income. This program also analyzes U.S. persons owning foreign corporations, controlled foreign corporations, transfer pricing, foreign ownership of U.S. corporations, the foreign tax credit, tax withholding for foreign persons, and tax treaties in international tax administration. This course is most beneficial to professionals new to international taxation. These individuals are often at the staff or entry level in an organization, although this course may also benefit an experienced professional with limited exposure to international taxation.
Upon successful completion of this course, the user should be able to:
identify the income-sourcing rules in international tax planning and compliance work,
recognize the importance of citizenship and residence in determining tax liabilities of individuals,
identify which foreign entities and types of income are subject to special rules,
recognize the general purpose and basic calculations of Subpart F and the characteristics of a controlled foreign corporation,
identify the tax treatment of U.S. corporations with foreign ownership,
recognize how the U.S. foreign tax credit system works, cite the general requirements for withholding U.S. income tax on certain types of income paid to foreign persons, and
recognize the organizational structure of income tax treaties.