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Live Webinar

100-minute live streaming program
  • January 25
  • 1:00 - 2:40 pm EST

Also available as:

OnDemand Webinar

Accounting and Tax Implications for Foreign Operations

January 25

Gain a better understanding of the issues related to foreign operations, creating U.S. ownership, repatriating earnings, and maintaining compliance with U.S. tax law.

Foreign operations can present a significant opportunity for a U.S. company, but can also raise a number of U.S. tax issues. Proper tax planning in establishing foreign operations, and an understanding of the ongoing disclosure and other requirements they require, is essential to avoiding problems down the road. This material will provide you with an overview of the issues (and highlight some potential pitfalls) related to foreign operations, creating U.S. ownership, repatriating earnings, and maintaining compliance with U.S. tax law and disclosure requirements and keeping current on recent tax legislation.

Learning Objectives

  • You will be able to discuss U.S. issues and decisions to make for foreign operations.
  • You will be able to identify U.S. disclosure requirements for foreign operations.
  • You will be able to review U.S. ownership issues related to a choice of business entity.
  • You will be able to describe the recent tax legislation that impacts foreign entities.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Establishing Foreign Operations
  • Choice of Entity
  • Local Taxes and Credits
  • Foreign Operations and Issues
  • Distribution of Earnings
Consequences of U.S. Ownership
  • Disclosure of U.S. Ownership
  • Subpart F Definitions and Issues
  • Anti-Deferral Rules
Tax Reporting and Disclosure Issues
  • U.S. Tax Withholding and Treaties
  • U.S. Disclosure Requirements
  • Transfer Pricing Issues
New Issues Under Recent Tax Legislation
  • Territorial System
  • Mandatory Repatriation
  • Low-Taxed Intangibles Income
  • Export Incentive
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on April 1, 2014.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.5
     
  • The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, Inc. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • CO CLE 2.0
     
  • This program may qualify for 2.0 credit hours through the Colorado Supreme Court Board of Continuing Legal and Judicial Education through reciprocity. This course is accredited in other jurisdictions such as New Jersey. To receive CLE credit for this program, a home study affidavit must be submitted to the Supreme Court Board of Continuing Legal and Judicial Education.
     
  • CT CLE 1.5
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
     
  • GA CLE 1.7
     
  • This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.7 CLE hours.
     
  • HI CLE 1.5
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
     
  • IL CLE 1.5
     
  • This course was approved for a total of 1.5 hours of MCLE Credit by the Illinois MCLE Board.
     
  • ME CLE 1.5
     
  • This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 1.5 hours of CLE credit under M. Bar R. 12.
     
  • MS CLE 1.7 (Pending)
     
  • This program has been submitted to the Mississippi Commission on Continuing Legal Education. Approval pending.
     
  • MT CLE 1.75
     
  • This program has been approved by the Montana Commission of Continuing Legal Education for a total of 1.75 CLE credits.
     
  • NH MCLE 1.7
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 100 Minutes.
     
  • NJ CLE 2.0
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 2.0 hours of total CLE credit.
     
  • NV CLE 1.5
     
  • This program has been approved by the Nevada Board of Continuing Legal Education for 1.5 CLE hours.
     
  • PA CLE 1.5
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 2.0
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 2.0 hours of CLE credit.
     
  • TN CLE 1.66 (Pending)
     
  • This program has been submitted as a distance learning format by the Tennessee Commission on Continuing Legal Education for a maximum of 1.66 hours of credit.
     
  • VT CLE 1.5
     
  • This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hours of CLE credit.
     
  • WA CLE 1.75
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.75 hours of Law & Legal Procedure credit.
     
  • WI CLE 2.0
     
  • This program has been approved by the Board of Bar Examiners for 2.0 hours for use toward the Wisconsin Mandatory CLE requirement.
     
  • WV MCLE 2.0
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 2.0 MCLE hours.
     
  • CPE 2.0 including Taxes 2
     
  • Lorman Education Services 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 web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Taxation for 2.0 hours.
     

Who should attend?

This live webinar is designed for accountants, attorneys, presidents, vice presidents, controllers, tax managers, business owners and managers, finance executives, directors, bookkeepers and tax preparers.

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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Thomas M. Kosinski, C.P.A., M.S.T.

Thomas M. Kosinski, C.P.A., M.S.T.

Ostrow Reisin Berk & Abrams, Ltd.

  • Has been with Ostrow Reisin Berk & Abrams, Ltd., since 1994, and became a director in 2001
  • He has more than 12 years of experience offering strategic tax planning and technical advice for individuals and the owners of closely held companies
  • Provides the full range of specialized services to his clients, which include high net worth individuals and business entrepreneurs
  • Has significant experience in the commodities and securities industry
  • Researched and implemented a wide range of federal and Illinois tax strategies, assisted with tax consulting for individuals and corporations, and represented numerous Illinois taxpayers during IRS and Illinois Department of Revenue audits
  • Is the firmís primary consultant on state and local taxation issues and has experience with tax issues relating to international taxation
  • Has also assisted U.S.-based entities in planning for foreign operations as separate entities, branches or divisions
  • An active member and a former president of the Illinois CPA Society Chicago South Chapter and is also a member of the American Institute of Certified Public Accountants; in addition, he is a contributing writer for a tax newspaper column and previously was a co-author for a tax savings publication for individual taxation Masterís degree in taxation and B.S. degree in accounting, summa cum laude, DePaul University
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 404772
Published 2014, 2019
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