Course/Product Description Title: U.S. International Tax Reporting & Compliance Duration: 2 days Description: In today’s global business environment, U.S. and foreign-based multinational companies are expanding overseas and increasing their cross-border business activities. The U.S. Internal Revenue Service (IRS) has implemented extensive tax reporting requirements for monitoring foreign activities of U.S. companies. As a result, Tax Departments at multinational companies must constantly review their global operations and filing responsibilities to stay in compliance with the U.S. tax laws. Don’t miss our 10th Annual Conference Series on U.S. Tax Reporting & Compliance. This two-day entry level and update session is designed to familiarize attendees with the latest IRS reporting requirements and review the latest Forms and best practices for IRS international tax compliance. Let our faculty show you how to calculate the amount of a Subpart F dividend and the Sec. 78 grossup for inclusion in U.S. income. Find out if your company is adequately documenting its intercompany transactions and expense apportionment methodologies. Review recent cross-border merger and reorganization activities with our experienced faculty and ascertain if the IRS disclosure requirements have been satisfied. Benefits You Receive By Attending Find out how companies obtain foreign tax data from affiliates overseas for preparing Form 5471 Discover how to report the results of check-the-box and other foreign disregarded entities on new Form 8858 Ascertain how to satisfy the tax reporting requirements under Secs. 367 and 1248 for foreign mergers and reorganizations Learn how to compute the amount of tainted Subpart F earnings and file an election to exclude Subpart F amounts Review the preparation of Form 1118 and how to prepare worksheets for computing earnings and profits (E&P) and the amount of indirect credit (Sec. 78) gross-up Understand how the expense apportionment rules under Reg. Sec. 1.861-8 affect foreign tax credit benefits Find out recent trends in transfer pricing planning and managing cross-border audits in multiple tax jurisdictions Receive a FREE copy of CITE’s Foreign Tax Reporting Package for obtaining the foreign tax data you need in preparing your latest U.S. tax returns Earn up to 16 CPE/CLE Credits Who Should Attend? This basic level and update session is designed for tax practitioners new to the international tax area or looking to update their knowledge of the latest U.S. international tax reporting and compliance requirements. Attendees include corporate Tax Managers, Tax Analysts, Tax Supervisors and Controllers, as well as, tax accountants, attorneys and financial executives responsible for overseeing U.S. international tax compliance for their clients. Schedule Day One 8:00am - Registration and Continental Breakfast 8:45am - CITE Welcome and Introduction 9:00am - Resulting The Results of Foreign Corporations 10:30am - Refreshment Break 10:45am - U.S. Tax Issues in Structuring Foreign Operations 12:15pm - LUNCHEON 1:30pm - Computing Indirect or Deemed Paid Foreign Tax Credit Benefits 3:00pm - Refreshment Break 3:15pm - Understanding the Subpart F Provisions 4:45pm - Meeting Adjourns for the Day Day Two 7:30am - Continental Breakfast 8:30am - Expense Apportionment 10:15am - Refreshment Break 10:30am - Understanding the Rules for Computing Foreign Exchange Gain (Loss) 12:15pm - LUNCHEON 1:30pm - Transfers of Stock and Assets to a Foreign Corporation 3:00pm - Refreshment Break 3:15pm - Computing the Gain from the Sale of CFC Shares under Sec. 1248 4:30pm - Meeting Ends Educational Course Credit 16 CPE/CLE Credits CITE/FDTA 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. If your state society is not a NASBA member, please let us know what state(s) you practice in so we can obtain approval. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org Your Tuition Fee Includes Continental breakfasts, two lunches, refreshment breaks, documentation binder and FREE CITE Foreign Tax Reporting Package Accommodations A limited block of rooms at a reduced rate has been set aside for attendees of our conferences. Please contact the appropriate hotel and mention that you are attending the conference listed under the Council for International Tax Education (CITE) in order to receive the discounted rate. Sleeping rooms are available on a very limited basis. We cannot guarantee rates or availability. Your sleeping room is not included in your registration fee. Substitutions/Cancellations Cancellations received more than 72 business hours prior to the meeting will be issued a credit. A $350 fee will apply to cancellations received within 72 business hours of the event. Credits will not be issued for “no shows”. No credit card or cash refunds will be issued at any time. Licenses / Designations / Educational Credits: CPE/CLE About The Provider: The Council for International Tax Education (CITE, Inc), a non-profit organization, was formed to educate U.S. and foreign multinationals and companies engaged in international business on the tax, legal and accounting aspects of doing business overseas. Seminar speakers are experts in internal taxation and finance fields and the participants include a broad range of corporate multinational companies. CITE was formerly part of the FSC/DISC Tax Association, Inc. (FDTA) which was formed in 1984. CITE was an outgrowth of the need expressed by our association members to obtain educational seminars and written materials on other areas of international taxation. CITE provides tax publications, newsletters and educational seminars to fulfill its mission. Substitutions/Cancellations Cancellations received more than 72 business hours prior to the meeting will be issued a credit. A $250 fee will apply to cancellations received within 72 business hours of the event. No credit card or cash refunds will be issued at any time. Price: $1,395.00 More Info: Contact Us For More Information

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Keywords For This Course:
CPA training, CITE, Tax Reporting, Compliance