F. Hale Stewart JD, LL.M.
Tax Attorney, The Law Office of Hale Stewart
Mr. Stewart has a masters in both domestic (US) and international taxation from the Thomas Jefferson School of Law where he graduated magna cum laude. Is currently working on his doctoral dissertation. He has written a book titled US Captive Insurance Law, which is the leading text in this area.

He forms and manages captive insurance companies and helps clients in international tax matters, US entity structuring, estate planning and asset protection.

The controlled foreign corporation statute is a bedrock legal concept of U.S. international taxation. Enacted in the early 1960s, it is one of the most complex statutes in the U.S. tax code.

“An Introduction to Controlled Foreign Corporations” will provide the CPA with an overview of this statute. It not only explains the historical circumstances that led to its passage, but also provides the CPA with a basic working knowledge of the statute’s legal mechanics. The program contains the following sections:

1. How did we get here?
2. A basic working definition of controlled foreign corporation?
3. A definition of U.S. shareholder
4. What income is reported

a. Foreign Base Company Sales Income
b. Foreign Base Company services income
c. Foreign personal holding company income
d. Insurance Income

In order to be awarded the full credits, you must be respond to all polling questions, provide the correct end of section code and pass the quiz with a score of 70% or greater