About the Course
Introduction
This CLE/CPE webinar will provide tax counsel and advisers guidance on recent developments in U.S. international taxation and related IRS guidance for foreign activities of individuals and companies. The panel will review complex international tax issues associated with cross-border activities and the implications of recent U.S. tax regulations and developments, as well as provide guidance on avoiding the assessment of penalties, additional tax liability, and potential audits.
Description
The IRS continues to aggressively assess penalties for failure to comply with reporting requirements of individuals and companies engaged in cross-border activities. Tax professionals must understand the U.S. international tax regime, key tax provisions impacting certain transactions, reporting requirements, and available tax planning mechanisms for U.S. individuals and companies.
Under current tax law, and in light of recent developments in the international tax landscape, possessing an in-depth understanding of international tax rules and regulations will assist counsel and tax advisers in helping taxpayers maintain compliance and avoid IRS examination. A taxpayer's failure to properly adhere to reporting and filing requirements associated with cross-border activities and foreign assets can result in serious civil and/or criminal penalties.
Listen as our panel provides guidance on the most complex aspects of international tax compliance, tax issues associated with cross-border activities, and the implications of recent U.S. tax regulations and developments, as well as provides guidance on avoiding the assessment of penalties, additional tax liability, and potential audits.
Presented By
Mr. McCormick specializes in the areas of international taxation and multinational trusts and estates. He has published assorted national articles and given innumerous national and local presentations on assorted areas of international tax. Mr. McCormick is licensed to practice in the State of New Jersey and the Commonwealth of Pennsylvania.
-
This 90-minute webinar is eligible in most states for 1.5 CLE credits.
-
CPE credit is not available on recordings.
-
BARBRI is a NASBA CPE sponsor and this 90-minute webinar is accredited for 1.5 CPE credits.
-
BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).
-
Date + Time
- event
Thursday, July 18, 2024
- schedule
1:00 p.m. ET./10:00 a.m. PT
- Overview of U.S. international tax compliance
- Recent developments
- Sourcing of income and expenses
- U.S. foreign tax credit
- Transfer pricing
- FATCA and other withholding and reporting
- Subpart F
- Tax planning tips for individuals and companies
- Navigating IRS examinations and appealing penalty assessments
The panel will review these and other key concepts:
- An overview of U.S. taxation of cross-border activities
- Reporting requirements and methods for compliance
- Recent U.S. international tax law developments
- Tax planning tools available to individuals and companies engaged in international transactions
- Appealing penalty assessments, handling audits, and litigation tactics
Learning Objectives
After completing this course, you will be able to:
- Identify tax implications of cross-border activities and foreign assets
- Determine a taxpayer's risk of exposure to additional tax liability or penalties
- Ascertain effective techniques in handling IRS issue-based examination
- Field of Study: Taxes
- Level of Knowledge: Intermediate
- Advance Preparation: None
- Teaching Method: Seminar/Lecture
- Delivery Method: Group-Internet (via computer)
- Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
- Prerequisite: Three years+ business or public firm experience at mid-level within the organization, preparing complex tax forms and schedules; supervisory authority over other preparers/accountants. Working knowledge of partnership/corporate structure, international taxation, and acquisitions.
BARBRI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.
BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).
BARBRI CE webinars-powered by Barbri-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .
