In this practical webinar, you will learn about:
- How to calculate the foreign tax credit
- The different baskets of the foreign tax credit
- The changes in the foreign tax credit rules set forth in the 2017 Tax Cuts and Jobs Act
Upon course completion, you will be able to:
- Describe the foreign tax credit limitation
- Differentiate between a credit and a deduction
- Identify the sourcing rules to source gross income
- Outline the basic rules for allocating expenses
- Identify the baskets used in the FTC analysis, including the new GILTI and Foreign Branch Income Baskets
- Identify the documentation necessary to claim the foreign tax credit
- Describe the carryforward and carryback rules, including transition rules from the TCJA
- Examine deemed paid foreign taxes under IRC section 960
To register, click on the following link:
https://clearlawinstitute.com/shop/webinars/live-webinars/foreign-tax-credit-limitations-under-section-904-guidance-for-tax-counsel-and-new-irs-regulations/?tab=faculty&_ga=2.219302489.156396307.1566842882-2073353553.1566842882
