An all-new U.S. international taxation basics course to introduce you to, or refresh you on, essential topics and concepts in this tax subspecialty. **This product has been updated to reflect changes under H.R. 1, P.L. 119-21, commonly known as the One Big Beautiful Bill Act or OBBBA.** **Save when you buy the complete Tax Staff Essentials, Level 4 online bundle.** A quick catch-up on international taxation In this all-new course for 2024, you’ll become acquainted — or re-acquainted — with essential topics in U.S. international taxation. Examples, scenarios, and expert insight make the materials a powerful resource that you can reference in your everyday work. Topics include: - General rules of U.S. international taxation - The foreign tax credit - Outbound investment through corporations - Inbound taxation on non-residents GILTI, FDAP, PFIC: Simplifying the complex The area of U.S. international taxation is replete with acronyms and complicated topics. Geared toward practitioners who need a refresh on international taxation, the course covers many of the topic area’s most important concepts: - Default entity classification - Income and expense sourcing - Foreign tax credit limitations - Overall domestic loss and overall foreign loss recapture - Anti-deferral regimes (Subpart F, GILTI, PFIC) - Fixed, determinable, annual, or periodical income - Effectively connected income On the pulse of international taxation A flurry of Treasury Regulations has kept the international tax space buzzing. With all-new course materials for 2024, learners are getting a modern view of the international tax landscape. Who Will Benefit - U.S. tax professionals who have clients who live abroad or have foreign investments - Industry tax staff who work for companies with global operations - CPAs interested in growing their international tax knowledge base - Non-U.S. accountants interested in learning about inbound transactions Key Topics - U.S. tax residents - Default entity classification - Foreign tax credit - Global intangible low-taxed income - Passive foreign investment companies - Fixed, determinable, annual, or periodical income - Effectively connected income Learning Outcomes - Recognize the rules for determining who is a U.S. taxpayer. - Recall the basic rules for allocation and apportionment of deductions. - Recognize the need for a foreign tax credit. - Identify the purpose of anti-deferral regimes. - Distinguish between anti-deferral regimes that apply to controlled foreign corporations. - Identify the U.S. taxation of fixed, determinable, annual, or periodical income of foreign persons. - Identify the U.S. taxation of effectively connected income of foreign persons.