International Taxation - Tax Staff Essentials

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12Credits

Technical Business

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Product Code: AI23-TSE.INT

Level: Advanced

Vendor: AICPA CPE Division

Field of Study: Taxes

Overview:

Save when you buy the complete Tax Staff Essentials, Level 4 online bundle.

Brush up on your international tax concepts.

Whether your organization is contemplating a global move or is already involved in international business, you need to know about the activities that create multi-jurisdictional tax exposure and the required tax reporting for each relevant jurisdiction.

This course has been updated for tax reform and the impact of the Tax Cuts and Jobs Act of 2017 (TCJA).

Objectives:

Learning Outcomes

Identify potential errors or omissions of information on tax returns.
Recognize planning opportunities for your clients based upon information reported on a tax return.
Determine the proper tax treatment for certain rental property activities.
Identify Section 199A qualified business income deduction opportunities and the safe harbor for rental properties.
Apply Section 199A regulations to specified service trade or business activities.
Apply IRC regulations to losses on time share and vacation properties.
Analyze the effect a home office deduction has on depreciation recapture.
Determine the proper tax treatment for various start-up costs by a new business.
Recognize the possibility that clients may not be disclosing all of their reportable income.
Determine proper tax return reporting of a like-kind exchange transaction.

Major Topics:

Key Topics

Export income
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' FDII

Designed For:

Who Will Benefit

CPA firm seniors (and above) and other tax professionals looking for the best techniques to understand international taxation

Prerequisite:

Strong knowledge of U.S. Income Taxation