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OnDemand Course

Beyond Form 1042 Compliance: International Withholding Requirements

Understand the impact of international withholding tax on your business and how you can reduce your tax obligations.

Understand the impact of international withholding tax on your business and how you can reduce your tax obligations. As more companies, even relatively small ones, go global, setting up businesses and customers is almost always the first order of business. Many of the administrative functions, such as tax compliance, follow later, sometimes much later. Often, foreign affiliates are created to facilitate business overseas. A number of business transactions flow from the international effort. These transactions often have tax consequences. The objective to this insightful topic is to identify the global withholding tax consequences of engaging in international business commerce. Once identified, methods to reduce and even eliminate withholding tax obligations will be covered. If your organization conducts international commerce, this topic is for you.

Learning Objectives

  • You will be able to identify the correct withholding tax percentage to the revenue stream.
  • You will be able to recognize potential withholding tax exposures.
  • You will be able to identify opportunities to utilize withholding tax paid against income tax liabilities.
  • You will be able to recognize appropiate internal controls/policies to comply with withholding tax obligations

98 minutes
Course Exam
Certificate of Completion
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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

Overview of Global Withholding Tax

  • The Need for International Withholding Tax
  • Recent Changes Related to the U.S. Federal Tax Cuts and Jobs Act of 2017
  • Major Withholding Tax Regimes
  • How to Avoid Withholding Tax - Permanent Establishment

Building Blocks for Global Withholding Tax Compliance and Planning

  • Understanding the Organizational Structure
  • Accounting
  • Timely Compliance

The Role of International Tax Treaties

  • Treaty Provisions
  • Using Income Tax Treaties

Considerations Related to the U.S. Federal Tax Cuts and Jobs Act of 2017

  • Global Intangible Low Tax Income (GILTI)
  • Base Erosion Anti-Abuse Tax (BEAT)
  • Foreign Derived Intangible Income (FDII)

Withholding Tax Optimization

  • Avoid Risks and Overpayments
  • Using Withholding Tax Credits and Deductions
  • Audit Documentation
  • International Planning to Minimize Tax and Withholding
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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

OnDemand Course

This course was last reviewed on March 2, 2023.

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

No Credit Available

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

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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

Ryan Gaglio

Ryan Gaglio

Stradling Yocca Carlson & Rauth, P.C.

  • Attorney with Stradling Yocca Carlson & Rauth, P.C.
  • Focuses on tax planning, tax controversy and transactional matters
  • Advises clients on the federal, state and local tax consequences of mergers and acquisitions, bankruptcies and workouts, executive compensation, as well as tax planning for inbound and outbound transactions, intercompany transfer pricing, foreign currency transactions, and other international tax matters
  • Published several articles and is the co-editor of a comprehensive tax treatise, Taxation of Securities Transactions “Overlooked Impact of Health Care Reform,” Daily Journal (August 31, 2012)
  • J.D. degree, Yale Law School; B.A. degree, Columbia College
  • Can be contacted at 949-725-4042 or [email protected]
John P. Garcia, CPA, M.B.A.

John P. Garcia, CPA, M.B.A.

Corporate Tax Advisors

  • More than 25 years of experience providing services to major multinational corporations such as Billabong, Nixon, Targus, Marriott, Dial, Henkel, The University of Phoenix, and CPE, Inc
  • Conducts regular seminars and workshops on the following: Tax Aspects of the CARES Act, Accounting for Income Taxes – ASC 740/FAS 109; International Taxation; State and Local Taxation; and Uncertain Tax Positions – FIN 48 and Transfer Pricing
  • Wrote the SRR Journal, Fall 2016, How to Properly Capitalize Subsidiaries Without Getting Ensnared in the Earnings-Stripping Rules; California CPA magazine, June 2013, An Integrated Database Solution to Global Withholding Compliance; and Thomson Reuters, Corporate Taxation, December 2009, Green Corporate Tax Incentives-Wind Technologies
  • Member of Arizona Society of CPAs and AICPA
  • M.B.A. degree in international business; B.S. degree in accounting and finance, University of Maryland College Park
  • Can be contacted at 877-728-1400 or [email protected]
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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.

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All of your training, right here at Lorman.

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Product ID: 406673
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