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Tax Reform's Impact on Outbound Taxation (Self-Study)

Code: JI167500

Date Valid for one year from purchase date
Format Self-Study (On-Demand)
CPE credits CPE 3.0
Field(s)
of study
Taxes - Technical (3.0)
Fees
Standard member fee $59.00
checkmarkStandard nonmember fee $69.00

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Description

The monumental passage of the 2017 Tax Cuts and Jobs Act resulted in historic tax reform affecting nearly every American. This CPE course provides a comprehensive overview of the changes affecting individuals and families, as well as critical financial planning considerations and strategies.

Who should take this program?

CPAs, tax professionals, and other qualified professionals with basic knowledge of, and interest in, international tax Management accountants and business team members involved in corporate tax function

Major subjects

  • Overview of international tax reform
  • Overview of business provisions (Non-international)
  • Rate cut
  • Cost recovery
  • IRC Section 163(j)
  • Modification of NOL rules
  • Carried interest
  • Sale and exchanges of partnership interests
  • The international provisions
  • Quasi-territorial
  • Dividends received deduction
  • Sales and transfers of 10 percent owned foreign corporations
  • Foreign branch loss transfer recapture
  • Treatment of deferred foreign income (one-time tax)
  • Examples

Learning objective(s)

  • Recognize the basic provisions enacted by the Tax Cuts and Jobs Act (TCJA).
  • Identify the major international provisions of the new income tax laws.
  • Determine how the significant changes to international tax laws should be applied.
  • Recognize the computation steps of calculating the one-time tax introduced by the TCJA legislation.

Notes:

Course code Code JI167500
Sponsor AICPA
NASBA ID#: 112891
Level Intermediate
Format Self-Study (On-Demand)
Prerequisites Prereq. None
Advance
prep
None