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Technical

Tax Reform's Impact on Global Intangible Low-Taxed Income and Foreign-Derived Intangible Income Logo aicpa

  Free |   AICPA |   Mar 2018 |   Communications |   AICPA Store
Who Will Benefit?
  • CPAs, tax professionals, and other qualified professionals with basic knowledge of, and interest in, international tax
  • Management accountants and business team members involved in corporate tax function
Key Topics
  • Overview of international tax reform
  • Overview of business provisions (non-international)
    • Rate cut
    • Cost recovery
    • IRC Section 163(j)
    • Modification of NOL rules
    • Carried interest
    • Sale and exchanges of partnership interests
  • The international provisions
    • Rules related to passive and mobile income
      • GILTI/FDII
        • Global intangible low-taxed income inclusion (GILTI)
        • Deduction for foreign derived intangible income (FDII)
Learning Objectives
  • Recognize the basic provisions enacted by the Tax Cuts and Jobs Act.
  • Identify the major international provisions of the new income tax laws.
  • Determine how the significant changes to international tax laws should be applied.

The monumental passage of the 2017 Tax Cuts and Jobs Act resulted in historic tax reform affecting nearly every American. This CPE course provides a comprehensive overview of the changes affecting individuals and families, as well as critical financial planning considerations and strategies.

Enhanced On-Demand Format

This enhanced on-demand format incorporates interactive exercises and/or knowledge check questions to test the learner's understanding of key concepts shared through discussion points on slides and from the subject matter expert captured in the video recording.

Topics covered:
  • Management accounting: Technical: Tax strategy, planning & compliance: Tax return preparation & review, Intermediate
  • Tax: Technical: International tax: Income & exclusions, Intermediate

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