INTERNATIONAL TAX BOOT CAMP 2.0
2020 TAX COMPLIANCE UPDATE & MODELING SCENARIOS
*8 HOURS OF CPE AVAILABLE*
PREPARING INTERNATIONAL TAX PROFESSIONALS
FOR THE COMPLIANCE SEASON & BEYOND
June 9th & 10th, 2021
CPE CREDITS: Up to 8 CPE credits in the Taxes field of study may be awarded upon verification of participant attendance.
NASBA Field of Study: Taxes
REGISTRATION
Early Bird Registration is open until May 15, 2021 | Registration EXTENDED to June 8, 2021
You may register for a single registration or join us as a business group. If you have more than one colleague joining from your Company, we invite you to take advantage of the “Add-on Registration” option, which is a lower rate. If you have more than three (3) representatives from the same company, we invite you to choose the “3+ Group Rate” for unlimited registration by Company. If you choose the group option, please email the registrants names to Allison Lavigne ([email protected]).
LEARNING MODULES
FOUR DISTINCT LEARNING MODULES ILLUSTRATE THE POWER OF INTEGRATED INTERNATIONAL TAX PLANNING, PROVISION, AND COMPLIANCE
All Modules include:
Technical Overview
Hands-on Case Study
International Tax Forms
MODULE 1
Foreign Branch vs. CFC
MODULE 2
Calculating Subpart F, GILTI & the High-Tax Exclusion
MODULE 3
GILTI/FDII/FTC & Repatriation Analysis
MODULE 4
Recap & Modeling Tax Reform Proposals
LEARNING OBJECTIVES
This workshop is designed to help prepare international tax professionals for the tax compliance season. As a result of active participation, program recipients be able to meet the following learning objectives:
Explain the internal revenue code sections and administrative guidance related to the outbound aspects U.S. international tax system.
Identify how to determine the quantitative aspects of the related tax technical requirements.
Discuss how each of the tax requirements is reported on the related international tax forms including, 5471, 8858, 8975, 8992, 8993 and 1118.
Highlights include...
Latest International Tax Technical Content
- Foreign E&P, Subpart F and GILTI
- Foreign Derived Intangible Income
- GILTI/FDII Section 250 Deduction
- Reg. Section 861-8, et al
- Foreign Tax Credit
Modeling Global & US International Tax Proposals
- OECD Pillars One & Two
- Biden Administration Proposals
- Senator Wyden Proposals
All calculations are mapped to automatically populate the 2020 International Tax Forms via VantagePoint™ Data Binding
- 8875 – Country-by-Country Report
- 8858 – Foreign Branch and Disregarded Entities
- 5471 – Controlled Foreign Corporations
- 8990 – Section 163(j) Limitation on Business Interest Expense
- 8991 – Base Erosion Minimum Tax (“BEAT”)
- 8992 – Global Intangible Income (“GILTI”)
- 8993 – Section 250 GILTI/FDII Deduction
- 1118 – Foreign Tax Credit
Registration
Delivery Methods
This is an online workshop with live interaction with highly skilled and experienced program instructors.
The program is delivered through 4 distinct but interrelated topical sessions. Each of the 4 sessions includes an overview of the latest international tax technical content, numerical examples explaining the underlying computational requirements, and how to report the computational results on the related tax forms.
A comprehensive case study is used to integrate the individual learning objectives.
Refunds are accepted for duplicative registration only.
Prerequisites
International Tax Experience
Program Level
Intermediate
Advance Preparation
None
Preliminary Program
June 9 – Module A – Morning Session – 10:00 AM – 12:00 PM CST
Foreign Branch vs. CFC
- Calculation Essentials
- Form 8858
- Form 5471 Update
- General Overview
- New Schedules Q & R
- Other Changes for 2020
- Section 163(j) & CFC Group Election
- Tracking Tax Basis & E&P
- E&P Bump Report
June 9 – Module B – Afternoon Session 2:00 PM – 4:00 PM CST
- Shareholder’s GILTI Calculation
- Allocation and Apportionment
- Income, Deductions, and Income Taxes
- Modified Gross Income Method
- GILTI high-tax exclusion
- Tested Units and ETR
- Form 5471 Schedules I and I-1
- Form 8992 – Schedules A & B
June 10 – Module C – Morning Session – 10:00 AM – 12:00 PM CST
GILTI/FDII/FTC & Repatriation Analysis
- Reg. 861-8 Methodology
- R&D, Interest and Stewardship
- 861-13 Characterization of CFC Stock
- Section 250 GILTI/FDII Deduction
- Special FTC Asset and Income Adjustments
- Section 904(b)(4) Adjustment for 245A Deductions
- Repatriation Planning
- BEAT Interplay
- IRS Forms Update
June 10 – Module D – Afternoon Session – 2:00 PM – 4:00 PM CST
Recap & Modeling Tax Reform Proposals
- Recap – Integrated Case Study
- Biden/Wyden International Tax Proposals
- OECD Pillars and the MLI Update
- Final Q&A and Graduation Ceremony
June 11 – Office Hours 10:00 AM – 11:00 AM CST
Office Hours (Supplemental Q&A)
Questions?
For additional information, including regarding program refund or cancellation policies, contact Forte at [email protected] or complete the form below.
If you have concerns or would like information regarding CPE credit, contact BKD at [email protected] or 800.472.2745. Click here to read the CPE FAQ.
BKD, LLP 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.