AICPA logo
Cart
searchSearch
search
burger
AICPA logo
  • Home
product-image
Foreign Losses, Foreign Currency, and Compliance
Tax
CPE Self-study

Foreign Losses, Foreign Currency, and Compliance

Focuses on the dual consolidated loss rules.

$79.20 - $129
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Taxes

Level

Basic

CPE Credits

5

Author(s)

Sam Edvalson, Pamela Whitehead, Maria Chiarino, Eric Johnson, Brandon Joseph

Availability

1 year

Product Number

ITCF21SSO

 Business & partner 
Product Details

Build a solid foundation.

This self-study online course is part of the U.S. International Tax Certificate, a comprehensive learning program geared to help global finance and accounting professionals navigate the highly complex world of international taxation. This course can be purchased individually or as part of the U.S.International Tax: Inbound and Outbound Transactions bundle. You must purchase the bundle to earn the digital badge.

The CPE self-study course focuses on the Dual Consolidated Loss (DCL) rules. It then covers various foreign currency rules and regimes under U.S. tax law. Finally, there is a detailed session on U.S. Federal income tax compliance regarding outbound compliance.

Key Topics
  • Identifying applicability
  • Calculating DCL
  • Triggering events
  • Compliance
  • Sections 987, 988, 989, 986(c)
  • Forms 5471, 8858, 8865, 926
  • Transactional disclosures
Learning Outcomes
  • Identify fact patterns that may give rise to a Dual Consolidated Loss
  • Recognize triggering events that may give rise to Dual Consolidated Loss Recapture
  • Identify certain exceptions to triggering events
  • Apply Dual Consolidated Loss reporting requirements
  • Determine what is considered a Qualified Business Unit (QBU) under §989
  • Determine functional currency for foreign entities under §985
  • Recognize the complexities of branch and disregarded entity (DRE) currency transactions under §987
  • Explain currency translation rules under §986
  • Identify a section 988 transaction
  • Identify the various types of international reporting forms and how they apply to given situations
  • Identify when special transactional disclosures are required
  • Complete Forms 5471, 8858, 8865, and 926
  • Identify the consequences of non-compliance
Credit Info
CPE Credits
Online
5
NASBA Field of Study
Taxes
Level
Basic
Prerequisites
None
Access
Online
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$129.00
AICPA Members
Online
$99.00
Tax Section Members
Online
$79.20

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Instructors
Sam Edvalson
Pamela Whitehead
Maria Chiarino
Eric Johnson
Brandon Joseph
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

Shipping and delivery
Shipping costs  and sales taxes will be added later during checkout
Cancellation Policy
View our Cancellation policy here
Foreign Losses, Foreign Currency, and Compliance
Select from the following options:
Online
$129.00
Nonmember Price
$129.00
Price excluding sales tax
$129.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

Related content