Joint tax seminar with the SPBC Bar Association
The Nuances and Mechanics of the Foreign Tax Credit; Don't let the Tax Bug Bite Tour Clients Twice - US Tax Rules and Strategies for Outbound Investors
Presented by Carlos A. Somoza, J.D., LL.M.
CPE: 2 Hours TB
Basic U.S. Taxation for U.S. Individual Outbound Taxpayers
- Worldwide taxation vs. Territorial Taxation
- Income Tax Treaties
- Foreign Tax Credit System
Foreign Tax Credit Mechanics
- Direct Foreign Tax Credits (Section 901)
- Indirect Foreign tax Credits (Section 902)
- Sourcing Rules
- Foreign Tax Credit Limitation
Anti- Deferral Regimes
- Controlled Foreign Corporations
- Passive Foreign Investment Companies
Carlos Somoza recently joined Kaufman, Rossin & Co. as an international tax principal. He has fifteen years of experience in federal income, gift, and estate taxation. Carlos has served clients in the private and public industries, advising them in the areas of international taxation, taxable acquisitions and tax-free reorganizations, IRS litigation, and related tax compliance.
Carlos provides international inbound and outbound planning for U.S. and foreign multinational corporations, including foreign tax credit planning and structuring utilizing the Entity Classification tax provisions. He provides estate planning and pre-immigration planning for foreign, high-net worth individuals. Carlos earned a Bachelor's degree in Accounting from Florida International University, and a Juris Doctor and LL.M. in Taxation from the University of Miami (specialization in international taxation). He is licensed to practice law in Florida and in the United States Tax Court.
Carlos is involved with the Florida International University Honors College, serving as the Vice President of its Honors College Alumni Board and serving as Treasurer of its Community Advisory Board. He received a F.I.U. Torch Award awarded to outstanding alumni. In addition, he is involved with the Miami-Dade Legal Aid “Put Something Back” program, offering legal and tax services to indigent clients.
Program begins at 11:30am and ends at 1:30pm
Lunch will be provided
Member Cost $20
Non-member Cost $30
Register By Mail
Not paying online? Use our check remit form to pay for your event by check. This form contains our mailing address and payment instructions.
Mail your reservation payment to:
Florida Institute of CPAs
P.O. Box 5437
Tallahassee, FL 32314-5437
Please make checks payable to: FLORIDA INSTITUTE OF CPAs
Include with payment:
Meal Choice (if applicable):
Chapter Registration Contact
For this presentation, we ask that you make your reservations directly with the FICPA since space is limited and to control our seating.
For information, please contact our registrar, Howard Isaacs at: FICPAAtlantic@gmail.com or by phone at (561) 292-2782.
Cancellation & Refund Policy
Cancellations on chapter events will be accepted up to 3 business days prior to the event and will receive a full refund.
Please Note: Cancellations must be made through the FICPA Member Service Center at (800) 342-3197. Cancellations cannot be processed via the website.
Save the Date
December 10: Breakfast CPE
January 8: Breakfast CPE
January 28: Dinner CPE focusing on taxes
We will also be having a tailgate party for an FAU game on November 2 (details to follow) in conjunction with the Young CPAs (those wonderful folks that put on our Summer Social).
And ... we will be having a Toys for Tots program. Again, more information for follow.
Joint meeting with the South Palm Beach County Bar Association.