The U.S. International Tax: Core Concepts (9.0 CPE Credits) covers topics such as distinguishing the differences between various types of global tax systems and certain characteristics of each, entity classifications and different forms of operating a business in a foreign country.
Valuable to anyone who needs to understand the complexities of international taxation, this U.S. International Tax: Core Concepts bundle offers you the opportunity to build a solid foundation in U.S. international taxation.
The two-part series of self-study online courses is part of the U.S. International Tax Certificate, a comprehensive learning program developed in partnership with Grant Thornton geared to help global finance and accounting professionals navigate the highly complex world of international taxation.
The series includes:
International Tax Foundation
Introduction to U.S. Outbound and Inbound Transactions
WHO WILL BENEFIT?
Public and corporate tax professionals interested in building a solid foundation in U.S. international taxation
KEY TOPICS
Tax Systems
Inbound/Outbound Taxation
Residency
Foreign Tax Credits
Entity Classification
Subpart F Income
Taxable presence in U.S.
Income Sourcing in U.S.
Withholding taxes in U.S.
Tax Treaties
Transfer pricing
Key Actions under OECD BEPS initiative
FDII
GILTI
LEARNING OBJECTIVES
Part 1:
Distinguish the differences between various types of global tax systems and certain characteristics of each
Recall how the U.S. tax system works
Recall entity classification and hybrids
Recognize the different forms of operating a business in a foreign country
Recall the concept of a permanent establishment / taxable presence in the United States and globally
Recall U.S. income sourcing rules
Identify general U.S. withholding tax rules
Recognize the general function and benefits of most income tax treaties
Recall the basics of transfer pricing rules for controlled transactions in the U.S. and globally
Identify the key actions under the OECD Base erosion and profit shifting (BEPS) initiative
Part 2:
Identify business transactions that generate outbound tax issues.
Recognize the approach for taxing U.S. persons with foreign activities.
Describe the key tax reform provisions affecting outbound transactions.
Recall the basics of the anti-deferral provisions applicable to controlled foreign corporations.
Recognize foreign currency issues affecting outbound transactions.
Recognize reporting requirements applicable to U.S. persons invested in foreign corporations, foreign disregarded entities, and/or foreign partnerships.
Recall effectively connected income (ECI) to a U.S. trade or business
Recall the rules for sourcing of income
Recall the rules for fixed or determinable, annual or periodic gains, profits, and income (FDAP)
Identify a framework for determining and calculating ECI and the Branch Profits Tax (BPT)
Indicate a general framework on the U.S. withholding taxes
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Credit Info
CPE CREDITS: Online: 9.0 (CPE credit info)
NASBA FIELD OF STUDY: Taxes
LEVEL: Basic
PREREQUISITES: None
ADVANCE PREPARATION: None
DELIVERY METHOD: QAS Self-Study
COURSE ACRONYM: ITC_181_1
Online Access Instructions
A personal pin code is enclosed in the physical packaging that may be activated online upon receipt. Once activated, you will gain immediate online access to the product for one full year.
System Requirements
AICPA?squo;s online CPE courses will operate in a variety of configurations, but only the configuration described below is supported by AICPA technicians.
A stable and continuous internet connection is required. In order to record your completion of the online learning courses, please ensure you are connected to the internet at all times while taking the course. It is your responsibility to validate that CPE certificate(s) are available within your account after successfully completing the course and/or exam.
Supported Operating Systems:
Macintosh OS X 10.10 to present
Windows 7 to present
Supported Browsers:
Apple Safari
Google Chrome
Microsoft Internet Explorer
Mozilla Firefox
Required Browser Plug-ins:
Adobe Flash
Adobe Acrobat Reader
Technical Support: Please contact service@aicpa.org.
