TaxConnections

Stuart Sobel

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Stu Sobel is the consummate Instructor with 30 years IRS experience; co-authored the IRS Examination Standards Manual; taught at major universities; had a nationally syndicated radio program and published four books on taxation. Stu has provided continuing education to more than 25,000 CPAs, Attorneys, Enrolled Agents and Non-Profits Members/Directors.



Take This Education Course

Purchase This Without CPE Credit For $39.00



Take Course With CPE Credit

Purchase This With CPE Credit For $79.00

Course Description

Our world has become much smaller. From the comfort of our offices we are now able to transact business with major financial centers located on other continents.

Taxpayers want to reduce their tax liability as much as possible. If they have to pay foreign taxes, they want to maximize any foreign tax credits that they are entitled to receive. As businesses are becoming more involved in international transactions, companies of all sizes are opening offices or establishing formal relationships with related entities offshore.

The United States tax laws allow exclusions for certain types of income earned abroad. However, the criteria is very strict, and mistakes can wreak havoc on a clients’ or business’s tax bill. This course, which provides an overview of the major international tax issues that affect individuals and small businesses, will cover the following topics:

• 2013 international tax case review
• House Ways and Means tax reform – international tax
• IRS commissioner’s emphasis on offshore tax evasion
• IRS tax enforcement international initiatives
• FATCA and FBAR 2013 developments
• Tax havens – impact
• U.S. Supreme Court foreign tax credit case – PPL, Inc. – overview of foreign tax credits
• Tax treaty developments
• Foreign earned income exclusion
• Corporate international tax evasion
• Foreign tax rates – How does the U.S. compare?
• New IRS John Doe summons – more banks
• More


Learning Objectives


Upon completion of this course, participants will be able to
• Determine foreign tax credits
• Compute foreign income exclusion
• Understand the significance of a tax treaty
• Recognize what the differences are between a U.S. citizen, resident alien, non-resident alien, and dual-status alien
• Explain tax-planning tools to clients who are moving or reside abroad
• Identify recent tax changes impacting U.S. taxpayers involved in international activities
• Identify tax requirements for the establishment of a foreign operation
• Comply with IRS withholding requirements for offshore U.S. employers
• Identify tax-saving tools that legally reduce foreign-based income
• Identify recent major tax changes affecting international corporate taxpayers

Table of Contents

Welcome CPE

  1. Mission Completed  1. 2014 International Tax Update (109 minutes)

Credit

NASBA field of study: 2 hours CPE Credit

Details

Trainer: Stuart P Sobel

Type: OnDemand

Level: Beginner

Subject: International Tax Updates 2014

Duration: 1 Hour 49 Mintues

Released: July 2, 2014

Register Price: $39.00

Register With NASBA: $79.00

  

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