International Taxation - Connecticut Society of CPAs

Overview

Get a solid understanding of international tax terminology and regulations that apply to a U.S. entity involved in global operations, or for a foreign entity doing business in the U.S. Whether your organization or client is contemplating a global move or is already involved in international business, you need to know about the activities that create multijurisdictional tax exposure and the required tax reporting considerations. Course materials include the impact of the Tax Cuts and Jobs Act of 2017 (TCJA), BEPS 2.0, and other projects and regulations.

Objectives

When you complete this course, you will be able to:

Identify basic foreign tax law fundamentals to properly serve clients that require international tax compliance.

Recognize how to comply with U.S. tax reporting requirements for inbound and outbound transactions and operations.

Identify how to source income to a foreign jurisdiction.

Determine the required allocation and apportionment of deductions to foreign sourced income.

Analyze which foreign taxes are creditable against U.S. taxes.

Recognize how to report foreign bank accounts and investments in jurisdictions including FATCA rules.

Identify the U.S. tax reporting requirements for foreign affiliates.

Recognize how to structure transactions and/or business operations of foreign-based service businesses entering the United States.

Evaluate the effect of treaties on the taxation of your client's foreign based income activities.

Highlights

Receipts in foreign currency

Allocation and apportionment of deductions

U.S. foreign tax credit - fundamentals and special rules

Initiation of foreign operations

Foreign branches and affiliated companies

Sale of use of tangible property

Foreign business operations in the United States

Foreign business sales of tangible property in the United States

Foreign business provision of services in the United States

Exploitation of business assets outside of the United States

Use of foreign tangible/intangible property in the United States

U.S. withholding taxes on foreign businesses

Designed For

Senior associates through manager in public accounting who assist clients with tax implications of their global operations, owners, and CFOs of closely held businesses with international operations

Prerequisites

Strong knowledge of U.S. Income taxation

Preparation

None

Notice

By registering for this program and, accordingly, receiving the eMaterials, you’re acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy. https://www.ctcpas.org/events/cpe-policies