International Tax Year End Update
Author: Robert J. Misey
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Law Updates for EAs and OTRPs
2 hours Federal Tax Updates for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2027 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
From Subpart F to new tax treaties, the international tax arena has been laden with new rules. This course will provide an update of everything new that has happened this year and tries to predict what may happen based on the election results.
Publication Date: December 2024
Topics Covered
- New Regulations
- Adjustment for Previously-Taxed Earnings & Profits
- Framework of Analysis
- Foreign Activity
- GILTI Pro Rata Inclusion
- Interposing a C Corporation
- Introduction to FDII
- Introduction to IC-DISCs
- Foreign Information Filings
- Tax Treaties Update
Learning Objectives
- Identify how to deal with new compliance requirements
- Identify new planning opportunities
- Identify the year the FDII deduction reduces to 21.85%
- Identify the penalty for failing to file foreign information returns
- Identify the IRC Section that provides for a deemed royalty
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Prior understanding of Internal Tax Law
Advance Preparation
None
