Corporate Tax Series

Taxation of International Transactions - Part 3 (Updated)

Course Overview
Part 3 of Taxation of International Transactions discusses the tax implications of foreign ownership of U.S. corporations, foreign persons, foreign tax credit, and tax withholding for foreign persons. This material reflects updated information as of November 1, 2018.

Learning Objectives:

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

  • Identify the tax treatment of U.S. corporations with foreign ownership.
  • Recognize exclusions from the income of foreign persons subject to U.S. taxation.
  • Recognize the carryback, carryover, and recalculation opportunities that are part of the foreign tax credit system in U.S. tax law.
  • Identify the requirements for withholding U.S. income tax on certain types of income paid to foreign persons.

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: $24.95


Course Code : 99NPT07-v2

Release Date : 05/06/2019
Expire Date : 05/06/2021
Credits :
CPE 1.00
QAS 1.00

Course Level : Basic
Course Type : Self-Study
Length : 50min
Passing Grade : 70%
Field Of Study : Taxes
Theme : Corporate Tax Series

Format Type : eLearning
Mobile Compatible

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