U.S. International Tax: Core Concepts
These courses have been updated with the most recent international tax guidance, including regulations and notices addressing changes to rules for Foreign Tax Credit (FTC), Global Intangible Low-Taxed Income (GILTI) and Base Erosion and Anti-Abuse Tax (BEAT).
Format
Online
NASBA Field of Study
Taxes
Level
Basic
CPE Credits
9
Author(s)
Ed Weaver, Carl Kenyon, Kyle Brandon, F. Douglas Watson, Denise Clark
Availability
1 year
Product Number
ITC121SSO
Build a solid foundation.
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. This series includes:
Digital badges: Your professional distinction
After you complete this two-part self-study online series, you will be awarded with a certificate in the form of a digital badge. Proudly display it anywhere on the internet — a personal blog, a social site like LinkedIn, Facebook or Twitter, Open Badges, a bio page on a company website or your email signature.
- 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
- Part I:
- Distinguish the differences between various types of global tax systems and certain characteristics of each
- 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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