Monday, Oct 21, 2019
8:45am – 4:30pm
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 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 for each relevant jurisdiction. Course materials include the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law.
This seminar qualifies for the Workforce Training Express Fund program. The course code for this program is 1121300 Click here for more details: https://www.mscpaonline.org/cpe/training_fund
Learning 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.