Guidance for Tax Counsel and New IRS Regulations: Foreign Tax Credit Limitations Under Section 904

August 23, 2019
Neel Modha, International Tax Principal

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

Professionals

Services

Main Menu