Bootcamp

PREPARING INTERNATIONAL TAX PROFESSIONALS
FOR THE COMPLIANCE SEASON

April 30 & May 1, 2020

This live online workshop covers all international tax aspects of the TCJA including GILTI, FDII, FTC, 163(j) and BEAT. The latest tax technical content is explained and then implemented through fully integrated case studies that the participants will work though using VantagePoint.

Alternative modeling scenarios will cover aspects of both proposed and final tax regulations, including the apportionment of Stewardship and Research and Experimental deductions, and the use of various tax elections.

Case Study tax results will also be mapped to the 2019 International Tax Forms, giving participants an advanced guide to the latest international tax reporting requirements.

Online Modules will be delivered over a 2-day period for 8 hours of CPE.

LEARNING MODULES

THREE HANDS ON LEARNING MODULES ILLUSTRATE THE POWER OF INTEGRATED INTERNATIONAL TAX PLANNING, PROVISION, AND COMPLIANCE

All Modules include:
Technical Overview
Hands-on Case Study
International Tax Forms

MODULE 1

Organization/Supply Chain

MODULE 2

Historic Tax Attributes

MODULE 3

Foreign E&P, Subpart F & GILTI

MODULE 4

Global Low-Taxed Intangible Income (“GILTI”)

MODULE 5

Section 250 GILTI/FDII Deduction

MODULE 6

Foreign Tax Credit

MODULE 7

Global Tax Modeling and Planning

MODULE 8

Capstone

Highlights include...

Latest International Tax Technical Content

  • Foreign E&P, Subpart F and GILTI
  • Foreign Derived Intangible Income
  • GILTI/FDII Section 250 Deduction
  • Reg. Section 861-8, et al
  • Foreign Tax Credit

Fully Integrated – Hands-On Calculation Experience

All calculations are mapped to automatically populate the 2019 International Tax Forms via VantagePoint™ Data Binding

  • 8875 – Country-by-Country Report
  • 8858 – Foreign Branch and Disregarded Entities
  • 5471 – Controlled Foreign Corporations
  • 8990 – Section 163(j) Limitation on Business Interest Expense
  • 8991 – Base Erosion Minimum Tax (“BEAT”)
  • 8992 – Global Intangible Income (“GILTI”)
  • 8993 – Section 250 GILTI/FDII Deduction
  • 1118 – Foreign Tax Credit

Registration

Open Until April 17th online or by phone at 847.922.8432.

For additional information or to inquire about group rates, please email alavigne@forteintax.com or complete this form.

Preliminary Program

Day One – Morning Sessions 10:00 AM – 12:00 PM CST

1A – Organization/Supply Chain

  • Case Study Overview
  • Legal Entities
  • Supply Chain
  • Financial Statement Summary
  • Related Party Transactions
  • Form 8975 Country-by-Country Report

Break – 10:50 – 11:00 AM

1B – Historic Tax Attributes

  • Earnings and Profits and Tax Basis
  • Previously Taxed Earnings and Profits (“PTEP”)
  • Ordering Rules
  • Forms 5471, 8858 and 8865

Day One – Afternoon Sessions 2:00 PM – 4:00 PM CST

1C – Foreign E&P, Subpart F and GILTI

  • Earnings and Profits Adjustments (“E&P”)
  • Section 163(j) and U.S. Taxable Income
  • Subpart F, Exceptions and Elections
  • Subpart F vs. GILTI
  • Deemed Paid FTC
  • Forms 8858, 5471, 8990, 1118 and 1120

Break – 2:50 – 3:00 PM

1D – Global Low-Taxed Intangible Income (“GILTI”)

  • US Shareholders and Consolidated Filing Group
  • Tested Income and Tested Loss
  • Reg. Section 1.861-8, et al
  • Section 960 Allocation of Income Taxes
  • Qualified Business Asset Investment (“QBAI”)
  • Net Deemed Tangible Income Return
  • GILTI Inclusion and Deemed Paid FTC
  • Forms 5471, 8992, 1118, and 1120

Day Two – Morning Sessions 10:00 AM – 12:00 PM CST

2A – Section 250 GILTI/FDII Deduction

  • GILTI High-Taxed Election
  • Deduction Eligible Income (“DEI”)
  • Foreign Derived Deduction Eligible Income ((“FD-DEI”)
  • Impact of Section 163(j)
  • Section 250 Deduction and limitations
  • 163(j) Group Election
  • Reg. Section 1.861-8 et al
    • Interest Expense, R&E, Stewardship, and Other Deductions
  • Forms 8990, 8992, and 8993

Break – 10:50 – 11:00 AM

2B – Foreign Tax Credit

  • Passive, General, GILTI and Branch Baskets
  • Section 250 and 861-8 Interplay
  • Section 250 Exclusion Percentages
  • R&E Exclusive Apportionment
  • Section 245A Category and the Section 904(b)(4) Adjustment
  • Form 1118

Day Two Afternoon Session 2 PM – 4 PM CST

2C – Global Tax Modeling and Planning

  • Entity Classification
  • Allocation and Apportionment
  • Tax Elections
  • Transfer Pricing Planning
  • Repatriation Analysis

Break – 2:50 – 3:00 PM

2D – Capstone and Completion Certificates

  • Late Breaking News
  • Case Study Overview
  • Calculations and Reports
  • International Tax Forms
  • Q&A