Live Webinar

100-minute live streaming program
  • May 22
  • 1:00 - 2:40 pm EST

Also available as:

OnDemand Course

Understanding the Complexities of Form 5472 and Its Transfer Pricing Implications

May 22

Learn what you need to know about Form 5472 including reporting guidelines and how to complete it properly.

Many companies who are required to prepare annual transfer pricing documentation and support for their intercompany transactions often do not understand that they need to do so, or what is needed in order to satisfy the US transfer pricing regulations. Additionally, these same companies likely do not understand the serious impacts transfer pricing has on their annual corporate income tax return, leaving them exposed to potentially large proposed tax adjustments and double taxation in the event of an IRS examination. This presentation will help attendees understand first what the transfer pricing rules and requirements are, and then how to intelligently comply while also keeping in mind any possible tax planning opportunities transfer pricing tends to present.

Learning Objectives

  • You will be able to define the ‘arm’s length standard’ with respect to the US transfer pricing regulations, as well as the high-level US transfer pricing concepts associated.
  • You will be able to describe the importance of transfer pricing with respect to mitigating a company’s tax exposure, while balancing possible tax planning opportunities.
  • You will be able to discuss the various transfer pricing requirements needed to be in full compliance with the US transfer pricing requirements.
  • You will be able to explain the impacts of incorrect transfer pricing on a company’s tax return and the risk exposure it creates.

Learn the fundamentals and complexities of Form 5472.

Get a strong understanding of the repatriation method for dividends, debt financing(interest), service and management fees and royalties. Learn who is a related party and what section a related party is pursuant to.

Determine the Nature and Amount of Reportable Transactions for Form 5472

In this course we will also cover and teach you how to determine the nature and amount of reportable transactions. We cover inter-company transactions, what a transfer price is and what the IRC Section 482 requires for inter-company transactions to be priced at. You will learn what the transfer pricing penalty is and how the IRS determines a transfer pricing penalty. We cover the transfer pricing documentation requirements and so much more.

Your home for learning Form 5472 and many more tax and accounting courses

Lorman Education Services has been providing tax and accounting training for over 25 years. Our topics are built to teach you the hard skills of your profession and to give you the best, most up to date tax and accounting knowledge. Our tax courses hep you stay compliant and keep the IRS from knocking on your door.

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Why Lorman?

Over 37 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

What Is Transfer Pricing?
  • Definitions
  • History
  • Current Landscape
Why Is It Important?
  • Eliminate Double Taxation
  • Documentation and Agreement Requirements
  • Efficient Tax Planning
How Is It Used?
  • Transaction Buckets
  • Cash Flow Planning
  • Case Study Examples
Regulatory Requirements
  • Documentation and Timing
  • Foreign Divergences
  • Customs Implications
Effects on Us Tax Return and Foreign Implications
  • Forms 5471/5472
  • Form 8858/8865
  • FTC
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Why Lorman?

Over 37 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

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).
     
  • Enrolled Agents 2.0
     
  • This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     
  • 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: www.nasbaregistry.org. 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: basic knowledge of taxation. 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.
     

OnDemand Course

This course was last revised on August 20, 2020.

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

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

Who should attend?

This live webinar is designed for accountants, tax managers, CPAs, presidents, vice presidents, business owners and managers, CFOs, controllers, enrolled agents, CEOs, and finance directors.

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Why Lorman?

Over 37 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

Carl Budenski

Carl Budenski

Aprio

  • Director and Co-leader of Aprio’s National Transfer Pricing Practice, also leading Aprio’s burgeoning Benelux practice
  • Aprio’s transfer pricing expertise spans various global industries such as manufacturing, distribution, technology, and digital assets, with dedicated country groups for UK, Germany, Korea, China, Japan, and Australia/New Zealand
  • Conducted numerous seminars and trainings on transfer pricing, and how it impacts businesses around the world, including a recent engagement for the Belgian Chamber of Commerce
  • Author of numerous articles regarding transfer pricing
  • M.S. degree in Finance and Economics, West Texas A&M University; B.B.A. degree in both Finance and Economics, magna cum laude, Drake University
  • Can be contacted at (470) 694 6218; [email protected]; or https://www.linkedin.com/in/carl-budenski/
Yan Jiang

Yan Jiang

Aprio

  • International Tax Consulting and Tax Director at Aprio
  • Experience includes addressing the tax complexities associated with a variety of multinational business structures and cross-border transactions
  • Extensive experience in international mergers and acquisitions, such as tax due diligence and restructuring
  • Has assisted clients with various transactional projects dealing with international tax risk assessment, U.S. anti-deferral tax planning (CFC, Subpart F income, GILTI, foreign tax credit), and offshore cash expatriation
  • Conducts both public and private seminars in the international tax area, recently delivering a series of international tax training sessions to a global financial institution, educating its bankers with the knowledge to navigate their clients’ cross-border tax issues
  • M.B.A. degree and M.S. degree in Accounting, California State University, Los Angeles
  • Can be contactad at (240) 630-1032; [email protected]; or https://www.linkedin.com/in/yan-jiang-6a570831/
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Why Lorman?

Over 37 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.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

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Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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