INTERNATIONAL TAX FOR THE GROWING BUSINESS
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Course Details

Overview of Topics

  • Challenges to the Global Businesses and context of the presentation2 mins
  • Foreign Entities – Entity Classification5 mins
  • Relevance Determination for Foreign entities12 mins
  • Foreign Entities entering in the US18 mins
  • ECI – Effectively connected Income for Foreign Entities24 mins
  • Foreign Investment in United States Real Property – FIRPTA26 mins
  • Foreign Entities – Branch Profits Tax33 mins
  • Foreign Entities – FDAP Income37 mins
  • Nonresident Alien Employees And Filing Requirements43 mins
  • Double Taxation Options48 mins
  • US entities – Taxation of foreign transactions, Taxation Under TCJA, Foreign Partners of US Partnership57 mins
  • FBAR72 mins

Course Description

Establishing and maintaining an effective tax strategy for an internationally active business or client has never been easy. Constantly expanding markets have led to global opportunities for businesses; the tax consequences of international activities are often misunderstood.  It requires tracking the constantly shifting tax landscape in multiple jurisdictions and building a cohesive structure.

This comprehensive program will go a long way in helping CPAs gain a general understanding of the complexities of international taxation. Practitioners will learn about the importance of :

  • The income-sourcing rules in international tax planning and compliance work
  • The special source rules that apply to different kinds of income
  • The fundamentals of foreign tax credit calculation
  • The U.S. taxation of foreign source income. 

In this webinar, we will introduce the most common concepts and concerns for businesses in this realm, looking at both foreign entities entering the United States and United States entities operating overseas. Coverage will include how foreign entities are classified for tax purposes, activities which make foreign entities subject to United States tax, United States rules for taxing international activities, modifications made by the Tax Cut and Jobs Act, and forms commonly used for international business activities.

This course is most beneficial to professionals new to international taxation. These individuals are often at the staff or entry level in an organization. 

Learning objectives

  • International Tax
  • International Tax Concepts & Concerns

About Presenter

Patrick is a partner with Culhane Meadows, a national law firm with a prominent practice in the international area.  Patrick practices exclusively in the area of international taxation.  He has extensive experience in handling complex tax planning, structuring, and compliance issues for foreign businesses with United States operations, United States businesses with foreign operations, and individual taxpayers with international ties.  Patrick regularly works with advisors both in the United States and abroad to assist with international tax issues faced by their clients.
Patrick is a prolific contributor to  a multitude of international tax journals, including Tax Notes and the Journal Of International Taxation, . He is an active speaker and panelist for national seminars and webinars, including regularly scheduled presentations with CPA Academy on assorted international tax topics. Patrick holds a Juris Doctorate from Vanderbilt University Law School and a LL.M. from New York University School of Law.  His bar admissions include Pennsylvania, Florida, New Jersey and Georgia.
Each year from 2016-2019, Patrick has been recognized by Super Lawyers as a Rising Star. Finance Monthly, a United Kingdom-based publication, named Patrick Estate Planning Lawyer of the Year (United States) for both 2017 and 2018. Patrick and his wife reside in Phoenixville, PA.

Culhane Meadows is proudly shaking up the legal marketplace by offering exceptional, yet highly-efficient and cost-effective, client services provided exclusively by partner-level attorneys with substantial experience from large law firms or in-house legal departments of respected corporations.

Review Questions

  • Question 1 : 00:17
  • Question 2 : 00:33
  • Question 3 : 00:48
  • Question 4 : 01:05
  • Question 5 : 01:20
  1. The entity that has selected its classification cannot change it for ___ months from the elections effective date.
  2. Which of the following represent the examples for information reporting obligations for foreign entities?
  3. The gain from disposition of a US real property interests are autimatically classified as ______ irrespective of their connection to a US trade or business.
  4. If the capital gains are not ECI including FDAP, they are _____ by the US.
  5. According to the presenter, significant modifications that had been made in the international tax realm made through Tax Cuts and Jobs Act. The most direct modifications are made to which one of the following?
  1. Foreign entities EXCEPT ______ can elect their U.S. tax classification.
  2. Foreign entities are taxable in the Untied States on:
  3. Fill in the blanks:________________ entity with a passive U.S. investment is not subject to U.S. tax on ________________.
  4. United States entities with foreign operations are immediately taxable on all income earned by:
  5. Which of the following greatly increases the amount of foreign corporate earnings subject to immediate U.S. tax?
  6. Which one of the following represent the key approach generally considered in repatriation context?
  7. Which of the following represent the triggering event for shareholders of the S corporation for the payment of repatriation tax?
  8. US persons with financial interest in or signature authority over foreign financial accounts must disclose their holdings on FBAR if the aggregate value exceeds _______.

FAQ

  • myCPE self-study courses are online.
  • The self-study format allows you to access the material online 24/7 and study at your own pace.
  • As per NASBA guidelines, you have one year from date of registration to complete each program.
  • Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
  • Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.
  • These are Live recorded presentations converted into Self Study (On-Demand Videos).

Refund/Cancellation Policy

  • For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
  • Please email to   help@my-cpe.com  in case of any self study program queries.

Reviews

4.6
(9)
56%
44%
0%
0%
0%
  • CM
    Cynthia Moosey , CPA
    Jun 19th 2019
    Patrick did an awesome job with some very complex and ever changing International sections. It is evident he is a Specialist in these areas and he attempted to pass a significant part of his knowledge on to us in a short time frame. Great Job !
JH
John Hasmonek
Complex subject. I believe the webinar required more time to discuss the things in detail. However, Patrick is an excellent speaker & did a great job.
JR
Jessica Rhoads , CPA, Bookkeeper
Presentation went very quickly but that was necessary with the time allotted. Patrick was very knowledgeable on these topics - I would use their firm for Intl Tax issues.
MH
Monica Hadley , EA
Great Webinar Presentation !
MJ
Morton Johnes , CPA
Mr. McCormick provides excellent detailed information along with good oversight of complicated topics. This webinar was fantastic.
MC
Mauricio Chamat , CPA
Good information in a short time, could have been better organized if moderator had been trained.

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MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

On-Demand Webinars

REVISITING STATE AND LOCAL PAYROLL AND EMPLOYMENT TAXES IN LIGHT OF COVID-19
Friday, July 10, 2020 View Details/Register
FORM W-4 AND OTHER PAYROLL AND FORM 1099 UPDATES
Thursday, July 09, 2020 View Details/Register
THE IRS OFFER IN COMPROMISE PROGRAM
Tuesday, July 07, 2020 View Details/Register
BUSINESS ACTIVITY TAXES – WHERE ARE BUSINESSES AND THEIR OWNERS REQUIRED TO FILE AND PAY STATE INCOME TAXES?
Tuesday, July 07, 2020 View Details/Register
MULTISTATE SALES TAX COLLECTION – NEXUS CONSIDERATIONS AND EXEMPTION CERTIFICATE COMPLIANCE
Tuesday, July 07, 2020 View Details/Register
CARES ACT: NOL CHANGES (UPDATED LATEST)
Friday, July 03, 2020 View Details/Register
UNDERSTANDING & ADOPTING THE NEW REVENUE RECOGNITION STANDARD
Thursday, July 02, 2020 View Details/Register
FRAUD ESSENTIALS: WHO? HOW? WHY? WHAT?
Thursday, July 02, 2020 View Details/Register
PRACTICAL APPROACHES TO PERFORMING EFFICIENT & EFFECTIVE SSARS ENGAGEMENTS (COMPILATION AND REVIEW)
Thursday, July 02, 2020 View Details/Register
ARE YOU INDEPENDENT WHEN YOU NEED TO BE? UNDERSTANDING RECENT CHANGES TO THE AICPA CODE OF PROFESSIONAL CONDUCT
Thursday, July 02, 2020 View Details/Register
TAX UPDATE : FCCA 2020 & SECURE ACT. (COVID-19)
Friday, June 26, 2020 View Details/Register
IRS FORM 1099 REPORTING REQ. INCLUDING UPDATES ON FORM 1099-NEC (LATEST 2020)
Thursday, June 25, 2020 View Details/Register
FEDERAL TAX UPDATE: COMPREHENSIVE INDIVIDUAL TAX (FORM 1040)
Thursday, June 25, 2020 View Details/Register
A BASIC ETHICS GUIDEBOOK FOR UTAH CPAS
Thursday, June 25, 2020 View Details/Register
A BASIC ETHICS GUIDEBOOK FOR MISSISSIPPI CPAS
Thursday, June 25, 2020 View Details/Register
  • Cost $14
  • CPE Credits 1.5
  • CE Credits 1
  • IRS Course ID GEHNZ-T-00005-19-S
  • CTEC Course ID 6273-CE-0039
  • Subject Area Taxes
  • Course Level Basic
  • Instructional Method QAS Self Study
  • Prerequisites None
  • Advanced Preparation None
  • Recorded Date September 13 ,2019
  • Published Date September 13 ,2019
  • Who should attend? CPA - Small Firm CPA - Mid Size Firm
  • Handout Material Download
  • Key Terms Download

On-Demand Webinars

REVISITING STATE AND LOCAL PAYROLL AND EMPLOYMENT TAXES IN LIGHT OF COVID-19
Friday, July 10, 2020 View Details/Register
FORM W-4 AND OTHER PAYROLL AND FORM 1099 UPDATES
Thursday, July 09, 2020 View Details/Register
THE IRS OFFER IN COMPROMISE PROGRAM
Tuesday, July 07, 2020 View Details/Register
BUSINESS ACTIVITY TAXES – WHERE ARE BUSINESSES AND THEIR OWNERS REQUIRED TO FILE AND PAY STATE INCOME TAXES?
Tuesday, July 07, 2020 View Details/Register
MULTISTATE SALES TAX COLLECTION – NEXUS CONSIDERATIONS AND EXEMPTION CERTIFICATE COMPLIANCE
Tuesday, July 07, 2020 View Details/Register
CARES ACT: NOL CHANGES (UPDATED LATEST)
Friday, July 03, 2020 View Details/Register
UNDERSTANDING & ADOPTING THE NEW REVENUE RECOGNITION STANDARD
Thursday, July 02, 2020 View Details/Register
FRAUD ESSENTIALS: WHO? HOW? WHY? WHAT?
Thursday, July 02, 2020 View Details/Register
PRACTICAL APPROACHES TO PERFORMING EFFICIENT & EFFECTIVE SSARS ENGAGEMENTS (COMPILATION AND REVIEW)
Thursday, July 02, 2020 View Details/Register
ARE YOU INDEPENDENT WHEN YOU NEED TO BE? UNDERSTANDING RECENT CHANGES TO THE AICPA CODE OF PROFESSIONAL CONDUCT
Thursday, July 02, 2020 View Details/Register
TAX UPDATE : FCCA 2020 & SECURE ACT. (COVID-19)
Friday, June 26, 2020 View Details/Register
IRS FORM 1099 REPORTING REQ. INCLUDING UPDATES ON FORM 1099-NEC (LATEST 2020)
Thursday, June 25, 2020 View Details/Register
FEDERAL TAX UPDATE: COMPREHENSIVE INDIVIDUAL TAX (FORM 1040)
Thursday, June 25, 2020 View Details/Register
A BASIC ETHICS GUIDEBOOK FOR UTAH CPAS
Thursday, June 25, 2020 View Details/Register
A BASIC ETHICS GUIDEBOOK FOR MISSISSIPPI CPAS
Thursday, June 25, 2020 View Details/Register