Introduction to U.S. International Taxation
Includes a Live Event on 10/21/2021 at 2:00 PM (EDT)
This course will provide a basic introduction to the fundamental terms and concepts of United States tax law governing the taxation of United States business and investment activities of foreign taxpayers and the foreign activities of United States citizens and residents. This course will discuss these concepts with respect to individuals and corporations. This course is a broad overview of United States international taxation and includes current and historical elements as well as policy and comparative elements. The course begins with a discussion of the differences between worldwide and territorial taxation. The course focuses on the central roles of residency and source in U.S. international tax law. The course also defines and contextualizes the major acronyms that international tax practitioners regularly use: CFC, PFIC, Subpart F, GILTI, FTC, BEAT, FDII, FATCA, and FIRPTA.
After completing this course, an attendee will be able to:
- Differentiate between a territorial system and a worldwide system
- Describe how the TCJA included movement towards a territorial system in some respects and strengthening of the worldwide system in other respects.
- Define basic terms such as: FTC, CFC, PFIC, Subpart F, GILTI, BEAT, FDII.
- Recognize how to classify source of income for various types of income including interest, dividends, capital gains, and sales of various types of property.Identify how to determine the residency of a taxpayer based upon place of organization or incorporation, ownership, entity status, and other relevant factors.
CPE Credit: 2 hours Federal Tax Law
Speaker: Jonathan Grossberg, J.D., LL.M.
NSA Webinar Program Level: Basic Prerequisites: None Advance Preparation: None Delivery Method: Group-Internet Based
No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.
NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.
Jonathan D. Grossberg, J.D., LL.M. (Taxation) of Wynnewood, Pennsylvania is founder and owner of Grossberg Continuing Education, assistant editor of National Income Tax Workbook published by the Land Grant University Tax Education Foundation, Inc., adjunct professor of Law at Temple University Beasley School of Law, and adjunct professor of Business Law at Rowan University Rohrer College of Business. He is a licensed attorney in Pennsylvania and New York. Until August 2020, Jonathan was assistant professor of Taxation at Robert Morris University (RMU) School of Business in Moon Township, PA.
Jonathan has taught a wide variety of tax courses to undergraduate, graduate, and law students, including federal income taxation, taxation of business entities, advanced income taxation, tax research, corporate tax, and international tax. He has written articles for academic and practitioner publications and made CLE/CPE presentations to lawyers and accountants on a variety of topics including international tax, tax and business ethics, judicial doctrines in tax law, partnership tax, tax issues facing small businesses, and universal basic income.