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Sobel taxupdate15

INTERNATIONAL TAX UPDATE: 2015 - 2016

CPE Processing Fee$20.00
Webinar TranscriptionN/A
Presentation Length Hour(s)2.0 hours
CPE Credits 2.0 hours
Subject Area 2.0 - Taxes
CE Credits 0.0 hours
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateAugust 11, 2016
Date OfferedAugust 11, 2016
Expiration DateAugust 11, 2017
Course Description

Our world has become much smaller. From the comfort of our offices we are now able to transact business with major financial centers located on other continents. Taxpayers want to reduce their tax liability as much as possible. If they have to pay foreign taxes, they want to maximize any foreign tax credits that they are entitled to receive. As businesses are becoming more involved in international transactions, companies of all sizes are opening offices or establishing formal relationships with related entities offshore.

The United States tax laws allow exclusions for certain types of income earned
abroad. However, the criteria is very strict, and mistakes can wreak havoc on a clients’ or business’s tax bill. This course, which provides an overview of the major international tax issues that affect individuals and small businesses, will cover the following topics:

• 2014 international tax case review
• House Ways and Means tax reform – international tax
• IRS commissioner’s emphasis on offshore tax evasion
• IRS tax enforcement international initiatives
• FATCA and FBAR 2014 developments
• Tax havens – impact
• Tax treaty developments
• Foreign earned income exclusion
• Corporate international tax evasion
• Foreign tax rates – How does the U.S. compare?
• New IRS John Doe summons – more banks
• G-20 Exchange of Information
• IRS No Rulings List

Self-Study Course Instructions:

FOR DOCUMENT-BASED COURSES

Download the course document(s) (below) and follow prompts contained in the document.



FOR RECORDED COURSES WITH VIDEO

Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable.

Play the recording, noting the sectional guides indicating where topics on the agenda are covered and the prompts to pause video playback to respond to a review question (located below the video playback area). The timestamps for review questions are also noted below.

Upon completing the video and successfully answering all review questions, you will then take the final exam.

Learning Objectives

  • Compute foreign income exclusion.

  • Understand the significance of a tax treaty.

  • Recognize what the differences are between a U.S. citizen, resident alien, non- resident alien, and dual-status alien.

  • Explain tax-planning tools to clients who are moving or reside abroad.

  • Identify recent tax changes impacting U.S. taxpayers involved in international activities.

  • Identify tax requirements for the establishment of a foreign operation and identify tax-saving tools that legally reduce foreign-based income.

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Handout Materials
Presentation Slides
Review Questions
Review Questions
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

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Stuart “Stu” Sobel combines an in-depth knowledge of taxation and nonprofits with an ability to communicate clearly. A dynamic speaker, Stu seeks to help people understand the very complex world of taxation in every day terms. And he’s just the person to do it — Stu has been in the industry for 48 years. He worked in examination and high level positions at the IRS for 30 years. Following that, Stu spent nine years as the producer and host of his own nationally syndicated radio program called Wise Choices: Taxes and Charity Today. He also ran his own tax and nonprofit consulting firm for 12 years (Stuart Sobel Consulting, Inc.). He has helped create over 2,500 nonprofit organizations worldwide. His expertise on the topic of nonprofit taxation has earned him the title “The Guru of Giving.”

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CPAacademy.org (Sponsor Id#: 111889) 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: www.nasbaregistry.org.

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About Our Presenter

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The Tax Media Store is a Tax Media Marketplace featuring a large library of tax education videos and books from tax and nonprofit expert Stuart P. Sobel.