Tax for Foreign Businesses Coming to the United States
Author: Robert J. Misey
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Related for EAs and OTRPs
1 hour Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 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
As the largest market in the world, the United States is an attractive location for foreign businesses. Whether you represent the foreign business or its owners, it is imperative that you understand the rules for taxing a foreign business.
Publication Date: January 2025
Topics Covered
- U.S. System for Taxing Foreign Persons
- Foreign Corporations Doing Business in the United States
- Taxation of Effectively Connected Income
- Completing Form 1120-F
- Withholding Provisions
- Treaty-Based Return Positions
Learning Objectives
- Identify how to determine whether the foreign business has taxable presence in the United States
- Identify how to determine the amount of income tax and other taxes that a foreign business may incur in the United States
- Identify the form a foreign corporation that owns an LLC must file along with the Form 1120-F
- Identify who is responsible for withholding U.S. tax on U.S.-source FDAP income paid to a foreign person
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
None
Advance Preparation
None
