- 2022 Webinar Series -
Understanding & Modeling Global Tax
Session 1
FTC Regulations Part I
Mon, Feb 7, 2022
During this webinar our panel will walk participants through the key elements of the Final January 4, 2022 FTC regulations, both by an analysis of the regulation examples, as well as the practical implementation issues.
Learning Objectives:
Participants will gain understanding of the following:
– The net gain requirements
– Attribution vs. Jurisdictional Nexus
– In-lieu-of income tax requirements
– Treas. Reg. 1.861-20 allocation of income taxes
Session 2
FTC Regulations Part II
Tue, Feb 15, 2022
During this webinar our panel will walk participants through the key elements of the Final January 4, 2022 FTC regulations, both by an analysis of the regulation examples, as well as the practical implementation issues.
Learning Objectives:
Participants will gain understanding of the following:
– The net gain requirements
– Attribution vs. Jurisdictional Nexus
– In-lieu-of income tax requirements
– Treas. Reg. 1.861-20 allocation of income taxes
Session 3
International Tax Update K-2/K-3
Tue, May 31, 2022
Beginning for 2021 tax years, new schedules K-2 and K-3 standardize and very significantly expand the international tax reporting requirements for pass-through entities. Participants in this webinar should gain a general understanding of the data elements included in the schedules and the mechanics behind completing the schedules.
Learning Objectives:
Participants will gain understanding of the following:
– What information is required to complete Schedules K-2 and K-3
– Who is required to files Schedules K-2 and K-3
– When Schedules K-2 and K-3 must be filed
Session 4
The ABC’s of Fully Integrated International Tax Modeling
Wed, Aug 3, 2022
Learning Objectives:
1. The participants will understand several essential international tax modeling concepts relevant throughout the planning, provision, and compliance tax department lifecycle.
2. The participants will receive statutory and administrative citations to support the calculations demonstrated during the webinar.
Webinar Description
This session provides an interactive guide to essential international tax modeling scenarios using Forte’s VantagePoint™ software as the quantitative tool. The panelists will demonstrate specific examples throughout the planning, provision, and compliance lifecycle. The demonstration begins with international tax compliance and the resulting tax attributes and sourcing which serve as the foundation for all future modeling. Tax technical citations for the underlying calculations are provided and the Webinar provides one-hour of CPE credit.
Listed below are some of the modeling scenarios demonstrated during the Webinar.
A – Optimizing International Tax Compliance Calculations
• 163(j) CFC Group election
• GILTI High-tax Exclusion election
• Treas. Reg. 1.861-8 Methodology
B – 2022 Tax Provision
• Interim Quarters/Forecast vs. Year-End
• Historical Tax Attributes
• APB23 Roll-Up Calculations
C – Global Tax Planning
• Repatriation Analysis
• Transfer Pricing Analysis
• GloBE meets GILTI
Session 5
Foreign Tax Credit Regulations (as corrected) Plus: New Book Minimum Tax AMT FTC
Wed, Aug 31, 2022
Learning Objectives:
1. The participants will understand the specific requirements, as prescribed by the latest updates to the foreign tax credit regulations, in order to be able to obtain a foreign tax credit for foreign taxes paid or accrued.
2. The participants will understand the rules for allocating and apportioning foreign income taxes between the various operative sections of the internal revenue code.
3. The participants will understand the specific reporting requirements for foreign taxes paid or accrued associated with various IRS forms, including Form 5471 and 1118, for the 2021 income tax year.
Webinar Description
Listed below is an overview of the topics discussed in this webinar.
A – Creditability Matters
• Attribution Rule
• Net Gain Requirement
• Latest Administrative Guidance
B – Allocation and Apportionment
• DRE and CFC Regulations
• U.S. Shareholder Level Calculations
C – Reporting Requirements
• Form 1118
• Form 5471, including Schedule E and J
• Other
Session 6
GloBE Meets GILTI – Pillar Two Update
Wed, Oct 19, 2022
Overview
Latest OECD Guidance and Timeline
European Union and Other Countries’ Perspectives
US Landscape
Practical Modeling Solutions
Learning Objectives
The participants will understand the latest OECD Pillar II Guidance including potential implementation timelines.
The participants will understand the status of the EU’s acceptance of Pillar II.
The participants will understand how various US international tax rules interplay with Pillar II, including the allocation of income taxes, and their impact on potential modeling scenarios.
Session 7
Repatriation & the APB23 Assertion
Wed, Nov 16, 2022
Overview
– Repatriation Analysis – Post TCJA
– APB23 – Indefinite Reversal Criterion
– VantagePoint™ Case Study
Learning Objectives:
Session 8
VANTAGEPOINT™ Integrated Modeling Demonstration
Explore GILTI, FDII, FTC, and Pillar Two
Fri, Dec 9, 202
Are you looking for a nimble solution with more control to perform your international tax planning and calculations? VantagePoint™ is the only fully integrated FTC/GILTI/FDII application supporting planning, provision, and compliance requirements. The software is constantly updated with the latest regulations and is multi-year, simplifying amending returns and historical tax attribute tracking.
We are pleased to invite you to this specially scheduled interactive forum, where you can take a closer look at our VanatgePoint™ application to see if it would benefit your Company as a consulting tool or software license
We work with clients on a consulting, co-sourcing and license basis and want to support you in providing value to your Company in both process efficiencies and tax savings. We work with large multinational firms (Fortune 250), just like yours, from a range of industries and simple to very complex tax structures.
Please send any specific questions ahead of the webinar to Allison Lavigne and we will answer them during the session as time allows or follow up offline.