Corporate Tax Series

Taxation of International Transactions - Part 2 (Updated)

Course Overview
Part 2 of Taxation of International Transactions discusses the tax implications of U.S. persons owning certain foreign corporations, controlled foreign corporations, transfer pricing, and U.S. persons owning foreign deposit accounts and other foreign financial assets. This material reflects updated information as of November 1, 2018.

Learning Objectives:

After completing this course, the course participant should be able to:

  • Identify key characteristics of a passive foreign investment company.
  • Identify the general purpose of Subpart F.
  • Recognize the characteristics of a controlled foreign corporation.
  • Identify the key differences between retained earnings and "earnings and profits".
  • Recognize circumstances in which IRC Section 482 must be considered.
  • Differentiate between assets or accounts that are and are not required to be reported on FinCEN Form 144.

Content Partner:

SmartPros Ltd.

SmartPros Ltd. is a leader in online and offline continuing education for
accounting, finance and engineering professionals. With over 2,000 hours of
content, SmartPros has been providing mandatory continuing education
products since 1981. SmartPros provides services and content to its
professional and corporate clients, in a variety of media including Web, CD
ROM, and video. In the accounting market, SmartPros also has a predominant
news and information portal which receives 200,000+ visits per month and
provides services to over 100,000 subscribers. SmartPros' customers include
50% of the Fortune 500, as well as the major firms and associations in each
of its professional markets.

Prerequisites/Advanced Preparation:


Speaker / Author:

Don Paul Cochran, JD, CPA, is a solo practitioner in Apple Valley, Minnesota. His 36 years of practice has been focused primarily in the areas of small business legal and tax consulting, and individual tax, estate, and financial planning. Don has practiced law in both Iowa and Minnesota. He is a member of the Minnesota and Iowa State Bar Associations and the Minnesota Society of CPAs.

As a program instructor with Nichols Patrick CPE, Inc., Don is much sought after as a presenter of CPE seminars sponsored by state societies of CPAs, CPA firms, and associations of CPAs. Don is also a featured speaker at several national tax conferences.

Software & Hardware Requirements:

  • 56k or Greater Internet Connection
  • Adobe Acrobat® Reader for the .pdf files
  • Modern DHTML Compatible Browser
  • Ram: 256 MB minimum
  • Windows or Mac OS


Price (USD)

Standard Rate: $49.90


Course Code : 99NPT06-v2

Release Date : 05/06/2019
Expire Date : 05/06/2021
Credits :
CPE 2.00
QAS 2.00

Course Level : Basic
Course Type : Self-Study
Length : 1hr 40min
Passing Grade : 70%
Field Of Study : Taxes
Theme : Corporate Tax Series

Format Type : eLearning
Mobile Compatible

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