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U.S. International Tax: Core Concepts

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, U.S. International Tax: Core Concepts offers you the opportunity to build a solid foundation in U.S. international taxation.

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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


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

This product is published by AICPA and sold through an exclusive partnership with Wiley.

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

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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.

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  • Macintosh OS X 10.10 to present
  • Windows 7 to present

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  • Microsoft Internet Explorer
  • Mozilla Firefox

Required Browser Plug-ins:

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  • Adobe Acrobat Reader

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U.S. International Tax: Core Concepts

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