International Taxation

Description:

Get a solid understanding of international tax terminology and regulations that apply to a U.S. entity involved in global operations, or for a foreign entity doing business in the U.S. Whether your organization is contemplating a global move or is already involved in international business, you need to know about the activities that create multijurisdictional tax exposure and the required tax reporting for each relevant jurisdiction. Course materials include the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law and the subsequent regulations. (LIVE VIDEOCONFERENCE)

Highlights:

• Receipts in foreign currency
• Allocation and apportionment of deductions
• U.S. foreign tax credit – fundamentals and special rules
• Initiation of foreign operations
• Foreign branches and affiliated companies
• Sale of use of tangible property
• Foreign business operations in the United States
• Foreign business sales of tangible property in the United States
• Foreign business provision of services in the United States
• Exploitation of business assets outside of the United States
• Use of foreign tangible/intangible property in the United States
• U.S. withholding taxes on foreign businesses

 

Objectives:

When you complete this course you will be able to:
• Identify basic foreign tax law fundamentals to properly serve clients that require international tax compliance.
• Recognize how to comply with U.S. tax reporting requirements for inbound and outbound transactions and operations.
• Identify how to source income to a foreign jurisdiction.
• Determine the required allocation and apportionment of deductions to foreign sourced income.
• Analyze which foreign taxes are creditable against U.S. taxes.
• Recognize how to Report foreign bank accounts and investments in jurisdictions including FATCA rules.
• Identify the U.S. tax reporting requirements for foreign affiliates.
• Recognize how to structure transactions and/or business operations of foreign-based service businesses entering the United States.
• Evaluate the effect of treaties on the taxation of your client’s foreign based income activities.

Prerequisites:

Strong knowledge of U.S. Income taxation

Notes:

 

Category:

TX

Credits:

8

Course Level:

Intermediate

Members

Standard Fee: $240.00

Non-Members

Standard Fee: $265.00

Register Now

Vendor:

AICPA

Start:

November 10, 2022 8:45am

End:

November 10, 2022 4:30pm

Check-in starts at 8:45am

Leader:

Islam, Adnan

Adnan Islam is an international tax attorney admitted to practice law in New Jersey, DC, and California, a CGMA, and a Certified Public Accountant (NY & CA). He holds a Juris Doctor (J.D.) and an M.B.A. from Rutgers University; and an LL.M. in Taxation from the New York University School of Law. He has previously worked within the International Tax Services and M&A tax groups at other Big 6 Firms. He frequently lectures at various platforms, including National firm trainings, TEI, and as an Adjunct Professor at Golden Gate University’s Master’s program.
Adnan Islam is a partner and the co-practice leader of Friedman LLP’s International Tax group. Adnan also serves as the Blockchain/Cryptocurrency Tax Leader for Friedman. Friedman is a CPA firm and the largest member of the DFK international accounting firm affiliation. Adnan has more than 15 years of public accounting experience as a licensed tax attorney (CA, DC, NJ) and CPA (CA, NY), has an LL.M. in Taxation from NYU Law School, an EA, and is a certified specialist in tax law through the California Bar. He specializes in cross-border strategies, comprehensive inbound and outbound tax planning and structuring, global information reporting, international tax controversy and voluntary disclosure filings, and outbound U.S. tax incentives and credits that optimize international operations and transactions. He has advised U.S.-based and inbound companies within the consumer products, blockchain/crypto, emerging technology, pharmaceutical/life sciences, funds and alternative investments, manufacturing and distribution, and professional services sectors.

Designed For:

Senior associates through manager in public accounting who assist clients with tax implications of their global operations, owners, and CFOs of closely held businesses with international operations

Yes

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