A two-day overview and update with live instruction on the latest IRS tax reporting requirements for U.S. companies with foreign operations

• Find out how companies obtain foreign tax data from affiliates overseas for preparing Forms 5471 and 8865
  
• Discover how to report the results of check-the-box and other foreign disregarded entities on new Form 8858
  
• Understand how the Sarbanes-Oxley rules apply to U.S. tax accounting for international operations under FAS #109
  
• Learn how to compute the amount of tainted Subpart F earnings and understand the 2004 Jobs Act changes on reporting Subpart F amounts
  
• Review the preparation of Form 1118 and how to prepare worksheets for computing earnings and profits (E&P) and the amount of indirect credit (Sec. 78) gross-up
  
• Understand the U.S. tax rules for computing translation v. transaction foreign exchange gain (loss)
  
• Find out how to apply the Sec. 861 expense apportionment rules for interest, research and S,G&A in reporting U.S. foreign tax credit, Subpart F and domestic production (Sec. 199) activities income
  
• Learn how new Form 8886 and proposed Schedule M-3 overlap and provide an IRS roadmap to book-tax differences

CITE is registered with the National Association of the State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE sponsors. State Boards of Accountancy have final authority on the acceptance of individual courses. Complaints regarding registered sponsors may be addressed to NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. CITE has been certified by the New York State Continuing Legal Education Board as an Accredited Provider of continuing legal education in the state of New York for the period of August 27, 1999 - August 27, 2002. For additional information regarding CLE credit please call (914)328-5656. Financial hardship granted on a per request basis.

Continuing Education certificates will be distributed at the end of each meeting. This certificate must be retained. Should a replacement certificate be needed,
the following fees apply.

Cancellations received more than 72 business hours prior to the meeting will be issued a credit. A $250 fee will apply to cancellations received within 72 business hours of the event. No credit card or cash refunds will be issued at any time. For more information regarding administrative policies, such as complaints and refunds, please contact us at 1-914-328-5656, or e-mail info@citeusa.org. Credits will not be issued for “no shows”