2 Credits: Taxes
This course will prepare you for the 2022 filing season by updating you on the new legislation, rulings and IRS pronouncements that impact US international tax reporting. New in this series of updates is a look at the changes to the 2021 international tax forms and potential changes to the 2022 forms.
In this portion David Jarmusz, CPE, JD, LLM, will be covering the Build Back Better Act, the Foreign Tax Credit on the corporate side as of May 2022.
Upon completing this course, participants will know:
- Build Back Better Act proposals
- Updates to Foreign Tax Credit – Corporate
- Who can take the FTC
- What taxes qualify for the FTC
- §904 Qualified Taxes
- Final Regs on Creditable Foreign Taxes
- Carryback and Carryforward
- Foreign Tax Credit limitations
- Final FTC Disregarded Payment Rules
- Income Sourcing Rules
- Allocation and Apportionment Regulations (A&A)
- The Organization for Economic Co-Operation and Development (OECD)
- BEPS 2.0
- Transfer Pricing
- Form 8975, Schedule A
- Treaty Planning
June 6, 2022
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-02020-22-O
IRS Federal Tax Update Credits: 2
CTEC Course Number: 2071-CE-1756
CTEC Federal Tax Update Credits: 2
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE 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, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
David F. Jarmusz, CPA, JD, LLM, is a partner at Jarmusz & Associates Tax, LLC. He is also a veteran of the international tax departments of the ‘Big 4’ accounting firms of Coopers & Lybrand (Washington, D.C. and London, UK) and Ernst & Young LLP (Chicago). As a lifelong international tax practitioner, he has assisted hundreds of clients around the world. He earned a BS in accounting from the Canisius College of Buffalo, NY, a Juris Doctorate from the University of Detroit Law School, and Master of Laws in Taxation from the Georgetown University Law Center. David F. Jarmusz resides …