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Introduction to U.S. Outbound and Inbound Transactions
Tax
CPE Self-study

Introduction to U.S. Outbound and Inbound Transactions

Covers inbound and outbound taxation topics including calculating effectively connected income, sourcing income, the branch profits tax, and the Foreign Investment in Real Property.

$103.20 - $169
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Taxes

Level

Basic

CPE Credits

6

Author(s)

Kyle Brandon, F. Douglas Watson, Denise Clark

Availability

1 year

Product Number

ITCB21SSO

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 Business & partner 
Product Details

Gain 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: Core Concepts bundle. You must purchase the bundle to earn the digital badge.

This course provides a solid foundation of U.S. inbound and outbound taxation and key concepts that are related. It begins with the business transactions that generate outbound tax issues in the U.S. tax system, such as the introduction to the one-time transition tax introduced by the Tax Cuts and Jobs Act of 2017. Also considered are:

  • Concepts related to global intangible low-taxed income, foreign tax credits, foreign currency, and foreign-derived intangible income;
  • Inbound taxation topics like calculating effectively connected income, sourcing income, the branch profits tax, the Foreign Investment in Real Property Tax Act;
  • How to interpret tax treaties and how they can reduce U.S. income and withholding taxes; and,
  • The Base Erosion Anti-Abuse Tax created by the Tax Cuts and Jobs Act
Who Will Benefit
  • Public and corporate tax professionals interested in building a solid foundation in U.S. international taxation.
Key Topics
  • One-time transition Tax
  • GILTI
  • Dividends Received Deduction
  • Foreign-Derived Intangible Income
  • Foreign Currency
  • Entity Classification options
  • Effectively Connected Income
  • Branch Profits Tax
  • Withholding Taxes
  • Foreign Account Tax Compliance
  • Foreign Investment in Real Property Tax
  • Tax Treaties
  • Base Erosion Anti-Abuse Tax
Learning Outcomes
  • Identify business transactions that generate outbound tax issues.
  • Recognize the approach for taxing U.S. persons with foreign activities.
  • Describe the key tax reform provisions affecting outbound transactions.
  • Recall the basics of the anti-deferral provisions applicable to controlled foreign corporations.
  • Recognize foreign currency issues affecting outbound transactions.
  • Recognize reporting requirements applicable to U.S. persons invested in foreign corporations, foreign disregarded entities, and/or foreign partnerships.
  • Recall effectively connected income (ECI) to a U.S. trade or business
  • Recall the rules for sourcing of income
  • Recall the rules for fixed or determinable, annual or periodic gains, profits, and income (FDAP)
  • Identify a framework for determining and calculating ECI and the Branch Profits Tax (BPT)
  • Indicate a general framework on the U.S. withholding taxes
Credit Info
CPE Credits
Online
6
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.
For more information, please refer to CPE requirements and NASBA sponsorship information
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$169.00
AICPA Members
Online
$129.00
Tax Section Members
Online
$103.20

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
Kyle Brandon
CPA
Kyle is a Senior Manager in the International tax practice with Grant Thornton’s Minneapolis office. He has over eight years of experience providing international tax services to public and privately held businesses. Kyle leads Grant Thornton’s U.S. export tax incentives group. He is involved in the planning and execution of U.S. export opportunities for qualifying companies throughout Grant Thornton’s US firm.
F. Douglas Watson
CPA, J.D., LL.M.
Doug has focused the past 35 years on assisting multinational clients on international tax matters, including cross-border mergers and acquisitions, reorganizations and structured finance. Doug started the first 11 years of his career at Arthur Andersen assisting Multinational Corporations (MNC) in expanding into non-U.S.A. markets, as well as, into the U.S.A.
Denise Clark
CPA, M.S.
Denise is a South Florida based Tax Director serving clients in Grant Thornton’s Southeast marketplace. Denise provides general tax services for a number of large multistate and multinational clients, while specializing in the area of international taxation. Denise has in-depth experience in providing a wide range of tax services to businesses operating in a number of industries. She has served both large multistate and multinational corporations in the technology services industry, manufacturing and distribution industries, as well as serving a number of large private equity companies.
Accessibility

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Introduction to U.S. Outbound and Inbound Transactions
Select from the following options:
Online
$169.00
Nonmember Price
$169.00
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$169.00
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