This course is a case study designed to provide a comprehensive overview of U.S. taxation of a foreign corporation. Using a specific example, the c...
11/22/2023 9:00am - 12:00pm | Online | Surgent
CPE Categories: Taxation (3 CPE)
Interest Areas: Taxation
This course is a case study designed to provide a comprehensive overview of U.S. taxation of a foreign corporation. Using a specific example, the course will walk through step-by-step mechanics on how to calculate the income inclusions and foreign tax credits under GILTI (Global Intangible Low-Taxed Income), Subpart F, and PFIC (Passive Foreign Investment Company) regimes. The case study will further evaluate tax impact of subsequent distributions from the foreign corporation and sales of its stock. A compare-and-contrast approach will highlight the different outcomes of these regimes for individuals and for C corporations, empowering participants to advise their clients on the most tax efficient way to structure their international investments.
Presented by Renata Maroney (Stasaityte), CPA
Any tax practitioner with clients invested in a foreign corporation
A basic understanding of the tax rules relating to individual and corporate income tax
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