Fundamentals of US Corporate Taxation

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This course provides participants with an essential overview and comprehensive understanding of the US tax system, with particular emphasis on international aspects. The main focus of the course is on the cross-border issues faced by US-based and foreign-based multinationals with respect to US and foreign operations. The United States is well known for its complex income tax system. Multinational enterprises (MNEs) are faced with the complexities of different tax jurisdictions as they expand globally. To remain competitive, MNEs need to examine the US tax implications of their business strategies.

Gain exclusive access to the Tax Research Platform for invaluable insights and materials throughout the course

Topics Covered

  • Taxation of US multinationals with foreign operations (i.e. US outbound)
  • Taxation of foreign multinationals with US operations (i.e US inbound)
  • Other inbound and outbound rules as adopted by the Tax Cuts and Jobs Act (TCJA)
  • Double taxation relief
  • New taxes under the Inflation Reduction Act (IRA) of 2022
  • US tax treaties

Learning Objectives

After completing this course, participants will be able to:

  • Assess tax implications for US businesses investing abroad and foreign entities investing in the United States
  • Identify the structure of the US corporate tax system, including tax rates and major categories of income, deductions and credits
  • Identify the types of business entities available for use in the United States
  • Apply the newly enacted corporate alternative minimum tax (CAMT) and excise tax on corporate stock repurchases

Who Should Participate

The course is suitable for practitioners in tax advisory firms, corporate tax directors and managers, accountants, attorneys and other corporate finance executives and government officials who wish to understand and examine practical solutions for the complex US domestic and international tax rules that apply to cross-border transactions and operations.

Recommended prerequisites (for guidance only) and advance preparation

This is an introductory-level course. Participation in the course does not require prior experience or knowledge about the US international and corporate tax system.

No advance preparation is necessary. All required study material is provided within the online training.

Total Study Time and Access Period

Access to the online course is granted for a period of 2 months, from the date of ordering or the indicated start date.

Mandatory course activities: 5 hours 30 mins

All mandatory course activities can be completed within the access period by dedicating approx. 1 hour of study per week. Please note that study materials included in the course or certificate programme will be accessible for the duration of the access period only. Non-mandatory supplementary material is also provided in this course.

Continuing Professional Education (CPE)

We recommend you check with your respective accrediting organizations to determine the eligibility of CPE credits.

International Bureau of Fiscal Documentation (IBFD) 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 credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Recommended NASBA and IRS CPE credits for this course is:

The course is IRS approved.  IRS Program No UHBNQ-T-00017-24-S 

FAQ

See our FAQ section for more information. Regarding administrative policies such as complaint, cancellation or refund, please refer to our Terms and Conditions or contact us at info@ibfd.org

Additional Information

Field of study: Taxes

Delivery format: Online - QAS Self Study

Disclaimer

Please note that the content of this online course is subject to change based on updates in industry standards, regulatory requirements, and other developments. We strive to provide the most accurate and current information; however, we recommend verifying any critical details independently.