Learning outcomes

Identify eligible foreign tax credits
Recognize the value of foreign tax credits
Apply key foreign tax concepts
Calculate foreign tax credit and limitation
Explain some of the complexities with OFL, ODL
Identify foreign tax credit issues in client discussions
Understand purpose and approach of Section 861
Explain allocation/apportionment methods available for interest, R&E, and other relevant expenses
Calculate allocation of expenses under standard and alternative methods
Explain impact of branches and CFC netting rule on expense allocations and apportionment
Describe the operation of the section 909 rules
Identify when the section 909 rules apply
Show applicability and impact of section 901(m) and relationship to section 338 elections

£79.00 (CIMA members only)

£99.00

VAT calculated on checkout

Product information

Overview

Understand the key concepts.

This self-study online course is part of the U.S. International Tax Certificate, a comprehensive learning program geared to help global finance and accounting professionals navigate the highly complex world of international taxation. This course can be purchased individually or as part of the U.S. International Tax: Inbound and Outbound Transactions bundle. You must purchase the bundle to earn the digital badge.

The CPE self-study course covers, in more detail, the Foreign Tax Credit (FTC) Rules and key concepts. It then focuses on key concepts of the expense apportionment rules, including general methods, alternative methods, and special rules such as “Controlled Foreign Corporation (CFC) netting.”

Finally, it discusses foreign tax splitter arrangements under Section 909 and the impact of Section 901(m) on indirect paid credits.

Who should take this course?

Public and corporate tax professionals interested in building a solid foundation in U.S. international taxation.

Professional development

This Course - Online offers 4.5 hours of CPE credit.
Note on CPE Requirements and Credits
All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Prerequisites:	None
Duration:	4h 30m
Format:	Course - Online
Access:	This is a digital product. You will have access to the content for a year after purchase date.

Return and refund policy

£79.00 (CIMA members only)

£99.00

VAT calculated on checkout

Accessibility

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The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.