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Introduction to U.S. International Taxation

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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.

Learning Objectives
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.

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NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.

Jonathan Grossberg

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.

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NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.

The National Society of Accountants 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: https://www.nasbaregistry.org/.

NSA has been approved by the California Tax Education Council to offer the above courses to go towards the annual "continuing education" requirement imposed by the state of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone at (877) 850-2832, or on the Internet at www.ctec.com.