What H.R.1, “OBBBA” (Commonly Known as “The Big Beautiful Bill Act”) Means for You and Your Clients: International Tax Update

Tax

CPE Self-study

What H.R.1, “OBBBA” (Commonly Known as “The Big Beautiful Bill Act”) Means for You and Your Clients: International Tax Update

The program will highlight the expanded surtax on certain foreign payments, the interaction of OBBBA provisions with the Base-Erosion and Anti-Abuse Tax (BEAT), and the compliance impact on U.S. companies with foreign shareholders. Attendees will learn how these reforms alter planning for corporations, partnerships, trusts, and exempt organizations with international exposure.

$45 - $59

Do you have an AICPA or CIMA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Taxes

Level

Basic

CPE Credits

Author(s)

Arthur Werner

Availability

1 year

Product Number

BLIOBIN25SSO

View

Business & partner

Part of a discounted

Product Details

Legislation reshapes U.S. taxation of cross-border payments, modifies withholding and surtax structures, and eliminates key thresholds under prior law. Attendees will learn how these reforms alter planning for corporations, partnerships, trusts, and exempt organizations with international exposure. The program will highlight the expanded surtax on certain foreign payments, the interaction of OBBBA provisions with the Base-Erosion and Anti-Abuse Tax (BEAT), and the compliance impact on U.S. companies with foreign shareholders. Practitioners will gain insight into exceptions for U.S. multinationals and funds, as well as the broader risks and reporting obligations created by the new law.

Who Will Benefit

CPAs, EAs, tax professionals

Key Topics

OBBBA surtax on foreign payments (IRC §899)
Increased withholding and gross-basis tax rates on U.S.-sourced payments
Removal of $500M gross receipts and 3% base erosion thresholds
Application to U.S. corporations, partnerships, trusts, and private foundations
Interaction with Base-Erosion and Anti-Abuse Tax (BEAT)
Majority U.S. Owner Exception for U.S. multinationals and funds
Compliance requirements and reporting risks
Planning implications for cross-border transactions

Learning Outcomes

Identify how OBBBA expands surtaxes on U.S. payments to foreign recipients
Recognize the elimination of gross receipts and base erosion thresholds under prior law
Apply the revised rules to U.S. corporations with majority foreign ownership
Determine when the Majority U.S. Owner Exception applies
Assess how partnerships, trusts, and private foundations are impacted by new surtax provisions
Evaluate planning considerations under the modified BEAT framework
Assess and prepare to advise clients on compliance and reporting obligations created by the new law
Identify risks and opportunities for U.S. multinationals and investment funds

Credit Info

CPE Credits

Online

NASBA Field of Study

Taxes

Level

Basic

Prerequisites

Basic understanding of federal individual and estate tax law

Access

Online

This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.

For more information, please refer to CPE requirements and NASBA sponsorship information

Pricing

Do you have an AICPA or CIMA membership? Log in to apply your member discount.

Nonmembers

Online

$59.00

AICPA Members

Online

$49.00

CIMA Members

Online

$49.00

Tax Section Members

Online

$45.00

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)

Author(s)

Arthur Werner

JD, MST

Arthur Joseph Werner, JD, MS (Taxation), is the president and is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Mr. Werner's lecture topic specialties include business, tax, financial and estate planning for high net worth individuals. In addition, Mr. Werner is an adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University. Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School. Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants and Financial Planners, and has presented well in excess of 2500 eight-hour seminars over the past twenty-five years as well as numerous webinars and video presentations. Mr. Werner has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.

Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.