U.S. International Tax: Core Concepts

Available Anytime
Location: Online
9Credits
Technical Business
Registration is Open
FICPA Members
$179.00 Regular Price
Nonmembers
$229.00 Regular Price
Product Code: AI20-ITCC-CERT
Level: Basic
Vendor: AICPA CPE Division
Field of Study: Taxes

Overview:

This 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. 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. This two-course series 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. Earn a digital badge for the completion of this series.

Objectives:

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 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

Major 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

Designed For:

Public and corporate tax professionals interested in building a solid foundation in U.S. international taxation

Additional Info:

AICPA On-Demand Login Instructions

You will receive an email from noreply@mail.learn.aicpa.org with a personalized link to your online learning portal. This email is sent soon after registration if you do not see it, please check your Spam folder and add mail.learn.aicpa.org to your list of trusted domains.

AICPA Support:
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Event Promotions

To earn the U.S. International Tax Certificate, you must complete the following three-part series. Upon completion of each bundle, you will be awarded a digital badge. Once you accumulate all three digital badges, you will be awarded the U.S. International Tax Certificate.

   Badge One: U.S. International Tax: Core Concepts
+ Badge Two: U.S. International Tax: Inbound and Outbound Transactions
+ Badge Three: U.S. International Tax: Advanced Issues
= Certificate: U.S. International Tax