International Tax Issues for Corporations

NASBA Field of Study:	Taxes    2 CPE Credits
Prerequisites:	None
Advance Preparation:	Review "Technical Requirements/Support."
Level:	Basic
IRS Program Nbr:	0MYXB-T-00178-12-O

Course Description

In today’s global economy, many businesses are increasingly involved in international transactions. Numerous corporations, both large and small, are either opening offices or establishing formal relationships with related entities offshore. This course presents an overview of the major tax issues associated with doing business in foreign countries.

This course covers the following topics:

• Establishing a foreign operation
• Classification for U.S. tax purposes
• Competent authority and tax treaties
• Transfer pricing issues
• Tax withholding issues
• IRS enforcement of foreign tax shelter schemes
• Foreign tax credit issues
• Recent international tax developments
• Tools and techniques for staying current with foreign tax issues
• IRC section 482 and Subpart F income issues

Learning Objectives

Upon successful completion of this course, participants will be able to:

• Identify the tax requirements for the establishment of a foreign operation
• Understand and explain the most significant transfer pricing issues
• Comply with IRS withholding requirements for offshore U.S. employers
• Identify tax-saving tools to legally reduce foreign-based income
• Identify recent major tax changes affecting international corporate taxpayers