U.S. International Tax

The U.S. International Tax: Core Concepts (9.0 CPE Credits) 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.


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.


The two-part 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.


The series includes:





International Tax Foundation

Introduction to U.S. Outbound and Inbound Transactions



WHO WILL BENEFIT?





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



KEY 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



LEARNING OBJECTIVES


Part 1:





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



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




Digital Badge: Your Professional Distinction


Set yourself apart as a future-ready financial professional. Upon completion, you will be awarded with a certificate in the form of a digital badge. Digital badges allow you to distinguish yourself in the marketplace and show your commitment to quality. The badge can be posted to your social media profiles and linked to your resume or email signature, providing maximum visibility to your achievement.


Credit Info





CPE CREDITS: Online: 9.0 (CPE credit info)

NASBA FIELD OF STUDY: Taxes

LEVEL: Basic

PREREQUISITES:  None

ADVANCE PREPARATION: None

DELIVERY METHOD: QAS Self-Study

COURSE ACRONYM: ITC_181_1




Online Access Instructions


A personal pin code is enclosed in the physical packaging that may be activated online upon receipt. Once activated, you will gain immediate online access to the product for one full year.


System Requirements


AICPA’s online CPE courses will operate in a variety of configurations, but only the configuration described below is supported by AICPA technicians.


A stable and continuous internet connection is required. In order to record your completion of the online learning courses, please ensure you are connected to the internet at all times while taking the course. It is your responsibility to validate that CPE certificate(s) are available within your account after successfully completing the course and/or exam.


Supported Operating Systems:





Macintosh OS X 10.10 to present

Windows 7 to present



Supported Browsers:





Apple Safari

Google Chrome

Microsoft Internet Explorer

Mozilla Firefox



Required Browser Plug-ins:





Adobe Flash

Adobe Acrobat Reader



Technical Support: Please contact service@aicpa.org.