Transfer Pricing For Small And Mid-size Businesses CE Webinar

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Course Description
Course Qualification
Presenter
FAQ

Course Description

Overview

EurCo Forms a Distribution Subsidiary in the U.S.

2 mins
Profit Split Methods

11 mins
Intangible Property

18 mins
CPM - Intangibles

23 mins
The transfer Pricing Penalty

35 mins
Transfer Pricing Planning to Save Taxes

46 mins

Course Description

In taxation and accounting, transfer pricing refers to the rules and methods for pricing transactions within and between enterprises under common ownership or control. Because of the potential for cross-border controlled transactions to distort taxable income, tax authorities can adjust intra-group transfer prices that differ from what would have been charged by unrelated enterprises.

More transfer pricing adjustments are at stake in the U.S. tax Court than all other issues combined. Where adopted, transfer pricing rules allow tax authorities to adjust prices for most cross-border intragroup transactions, including transfers of tangible or intangible property, services, and loans. For example, a tax authority may increase a company’s taxable income by reducing the price of goods purchased from an affiliated foreign manufacturer or raising the royalty the company must charge its foreign subsidiaries for rights to use proprietary technology or brand name.

Transfer pricing has become a key area of focus for tax authorities in the United States. Maintaining appropriate documentation of a company’s transfer pricing policies mitigates the risk of a potential tax adjustment during a transfer pricing audit and eliminates the risk of substantial penalties. Taxpayers should proactively develop the support of their intercompany transactions and carefully build a defensible strategy that complies with each country’s requirements. Small and mid-sized businesses count on their CPAs to understand transfer pricing to prevent adjustments and penalties for transactions between related parties. This Online CPE webinar will condense the 150 pages of transfer pricing regulations into a practical guide for CPAs and their clients.

Click to access more CPE/CE webinars on Latest Tax Updates | Tax Resolution CE Webinars |

Learning Objectives

To identify various types of inter-company transactions that related parties may have (the results may surprise you)
To identify different methods for pricing sales of goods, royalties, services, and interest
To identify the documentation requirements for penalty protection
To recall some of the practical learning tips

Recommended For

This Online Continuing Professional Education webinar is recommended for CPAs, EAs, and Other Professionals who desires to help their clients with the transfer pricing strategies

Who Should Attend?

Accountant
Accounting Firm
Accounting Practice Owners
Accounts Director
Bookkeeper
Chief Accounting Officer
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
Enrolled Agent
Staff of Accounting Firm
Tax Accountant (Industry)
Tax Attorney
Tax Director (Industry)
Tax Firm
Tax Managers
Tax Practitioners
Tax Preparer
Tax Professionals
Tax Pros
Young CPA

Course Qualification

Webinar Qualifies For

1 CE Credit of Taxes for Enrolled Agents (EA) (Approval No. GEHNZ-T-00238-20-S)
1 CPE Credit of Taxes for Certified Public Accountants (CPA-US) (Approval No. GEHNZ-T-00238-20-S)
1 CPE Credit of Federal State Ethics for Certified Public Accountants (CPA-US) (Approval No. GEHNZ-T-00238-20-S)
1 CE Credit of Federal Tax Related Matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0245)
1 CE Credit of Taxes for Annual Filing Season Program (AFSP)
1 CE Credit of Federal Tax Related Matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00238-20-S)
1 CE Credit of Federal Tax Related Matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00238-20-S)
1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
1 CE Credit for Certified Wealth Strategist (CWS)
1 General Credit for Accountant/Bookeeper

Additional details

Course Level :

Basic
Credits :

1
Instructional Method :

QAS Self Study
Pre-requisites :

None
Advance Preparation :

None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

CTEC APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

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.

Presenter

About Presenter

Robert Misey

Others, Reinhart Boerner Van Deuren s.c

Robert Misey is Chair of the International Department for Reinhart Boerner Van Deuren and was the Chair of the International Tax Committee for the American Bar Association.

A graduate of the law schools at Vanderbilt University and Georgetown University, he is a former trial attorney for the Internal Revenue Service Chief Counsel (International) in Washington, DC. He is also the author of the books A Practical Guide to U.S. Taxation of International Transactions and Federal Taxation: Practice and Procedure.

Rob can be reached at either 312-207-5456 or 414-298-8135 or rmisey@reinhartlaw.com

About Company

Reinhart Boerner Van Deuren s.c

www.reinhartlaw.com

At Reinhart Boerner Van Deuren, we know that every trusted relationship begins with understanding. That is why our attorneys take the time to listen critically, learn the unique attributes of each client’s business, and work together to build a foundation for success that goes beyond providing legal services.

While doing so, we draw upon an exceptionally broad base of experience and a deep knowledge of the industries and sectors we serve. This blend of active understanding grounded by informed perspective equips our attorneys to deliver uniquely creative, yet efficient, legal counsel.

By consistently offering our clients cost-effective and innovative legal counsel, we have established ourselves as trusted advisors in many areas of corporate law. Our Client Service Standards, upheld to by all lawyers and staff, affirm our commitment to put the needs of our clients first and to pursue excellence in all that we do.

Reinhart meets the ever-evolving needs of today’s business with innovation, focus and commitment. The firm’s more than 200 attorneys are dedicated to providing accessible, responsive service from our seven offices throughout the country.

Founded in 1894, Reinhart is one of the nation’s 200 largest law firms (National Law Journal). We serve as attorneys and business law counselors to public and privately held corporations, financial institutions, family-owned businesses, retirement plans, exempt organizations and individuals.

Throughout our history, we have relied on entrepreneurship, teamwork and dedicated service to help our clients achieve their business goals. Our client-driven approach is firmly rooted in creative thinking, intelligent advice and conscientious service, no matter what area of business law our clients require.

Faq

FAQs content

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