Overview of Foreign Tax Credit

Disruption

Course

Overview of Foreign Tax Credit

  • Format

    Course - Online

  • Duration

    1h

Cover the Foreign Tax Credit Rules and key concepts

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

All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Prerequisites:None
Duration:1h
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