International Taxation - Tax Staff Essentials

This product has been updated to reflect changes under H.R. 1, P.L. 119-21, commonly known as the One Big Beautiful Bill Act or OBBBA.

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

A quick catch-up on international taxation

In this all-new course for 2024, you’ll become acquainted — or re-acquainted — with essential topics in U.S. international taxation. Examples, scenarios, and expert insight make the materials a powerful resource that you can reference in your everyday work.

Topics include:

• General rules of U.S. international taxation
• The foreign tax credit
• Outbound investment through corporations
• Inbound taxation on non-residents

GILTI, FDAP, PFIC: Simplifying the complex

The area of U.S. international taxation is replete with acronyms and complicated topics. Geared toward practitioners who need a refresh on international taxation, the course covers many of the topic area’s most important concepts:

• Default entity classification
• Income and expense sourcing
• Foreign tax credit limitations
• Overall domestic loss and overall foreign loss recapture
• Anti-deferral regimes (Subpart F, GILTI, PFIC)
• Fixed, determinable, annual, or periodical income
• Effectively connected income

On the pulse of international taxation

A flurry of Treasury Regulations has kept the international tax space buzzing. With all-new course materials for 2024, learners are getting a modern view of the international tax landscape.

Who Will Benefit

• U.S. tax professionals who have clients who live abroad or have foreign investments
• Industry tax staff who work for companies with global operations
• CPAs interested in growing their international tax knowledge base
• Non-U.S. accountants interested in learning about inbound transactions

Key Topics

• U.S. tax residents
• Default entity classification
• Foreign tax credit
• Global intangible low-taxed income
• Passive foreign investment companies
• Fixed, determinable, annual, or periodical income
• Effectively connected income

Learning Outcomes

• Recognize the rules for determining who is a U.S. taxpayer.
• Recall the basic rules for allocation and apportionment of deductions.
• Recognize the need for a foreign tax credit.
• Identify the purpose of anti-deferral regimes.
• Distinguish between anti-deferral regimes that apply to controlled foreign corporations.
• Identify the U.S. taxation of fixed, determinable, annual, or periodical income of foreign persons.
• Identify the U.S. taxation of effectively connected income of foreign persons.