Foreign Losses, Foreign Currency, and Compliance
Available for 1 year after purchase date
**OnDemand**
4.5 Credits
Member Price $109.00
Non-Member Price $135.00
Overview
A detailed overview of dual consolidated loss, foreign currency, and international tax reporting rules.
Highlights
Key Topics
- Calculation of dual consolidated losses (DCLs)
- DCL recapture triggering events
- Foreign currency transaction rules
- Qualified business units
- International tax reporting requirements
Prerequisites
Basic knowledge of U.S. federal income taxation
Designed For
Who Will Benefit
Public and corporate tax professionals interested in building a solid foundation in U.S. international taxation.
Objectives
Learning Outcomes
- Recall the purpose of dual consolidated loss (DCL) rules.
- Recognize triggering events that give rise to a DCL recapture.
- Recognize DCL reporting requirements.
- Analyze the interaction of foreign currency transaction rules.
- Identify a qualified business unit (QBU) under Section 989.
- Determine functional currency for foreign entities under Section 985.
- Recognize the complexities of branch and disregarded entity (DRE) currency transactions under Section 987.
Non-Member Price $135.00
Member Price $109.00