Description

Navigating the complex landscape of information reporting for U.S. taxpayers with multinational activities can be daunting. Questions frequently arise about which forms are necessary for specific transactions or holdings.

This course will provide critical and applicable updates in the international tax arena. This presentation will cover case law rulings on foreign income inclusions, foreign tax credit treaty relief, and penalty imposition/assessment for multinational failures among other international tax topics of interest.

This program, taught by attorney Patrick J. McCormick, provides a summary of recent developments in international tax. Attendees will explore updated regulations for foreign tax credit purposes, as well as current options for net investment income tax relief under tax treaty provisions. Mr. McCormick will review recent rulings impacting the government's ability to assess and collect both FBAR and Title 26 penalties. He will also cover the domestic filing exception to Schedule K-2 and K-3 filing.

Learning Objectives:

Overview of the latest changes and updates in international tax regulations
Analysis of recent rulings impacting the government's ability to assess and collect FBAR and Title 26 penalties
Current options for relief under various tax treaty provisions
Examination of the domestic filing exception to Schedule K-2 and K-3 requirements
Recognize service issuances impacting multinational tax issues
Identify how actions from the United States Congress affect international tax
Detailed exploration of updated regulations for foreign tax credit purposes
Identify the primary information reporting forms that are relevant for U.S. taxpayers involved in multinational activities
Describe the specific circumstances that trigger various reporting requirements for international tax contexts
Evaluate the types of transactions and holdings that necessitate different forms, ensuring compliance with U.S. tax laws

Session Highlights:

Summarize the recent developments in international tax
Explore the recent rulings impacting the government's ability to assess and collect both FBAR and Title 26 penalties
Identify the current status of NIIT relief under treaties
Review the domestic filing exception to Schedule K-2 and K-3 filing

Who Should Attend:

CPA and Enrolled Agents (EAs)
Tax Professionals
Attorney
Other Tax Preparers
Finance professionals
Finance planners
Owner

Date	Title	Duration	Price
October 3, 2024	International Tax Update (2024)	120 Minutes	$149
November 7, 2024	Mastering QuickBooks Online Bank Feeds	120 Minutes	$159

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