2020 International Tax Provisions Recap & Update (Completed)

Date: Friday, December 4, 2020
Instructor: Adnan Islam
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Law Updates for EAs and OTRPs
2 hours Federal Tax Updates for CTEC

This course will provide practical commentary and overviews for the various international tax rules and updates released through final regulations in 2020, including the final FDII (Section 250) regulations (briefly), the GILTI (Section 951A) high-tax exception final regulations (briefly), foreign partner withholding tax final regulations under Sections 864(c)(8) and 1446(f), the final BEAT regulations under Section 59A, and the Section 245A foreign DRD final and proposed regulations. The format of this course will be more high-level and less in-depth because of the timing and number of topics covered. This course will have a blend of conveying recent 2020 international tax technical provisions in an overview style.

Who Should Attend
Experienced international tax staff through international tax director level interested in or already practicing international taxation.

Topics Covered

  • Brief overview of the 2020 final FDII regulations
  • Brief overview of the 2020 GILTI high tax exception regulations
  • Overview of the foreign partner withholding tax regulations within 1446(f)
  • Brief overview of the final BEAT regulations
  • Section 250 FDII
  • Brief overview of the Section 245A foreign DRD final regulations

Learning Objectives

  • Identify five major outbound and inbound international tax regulations released in 2020
  • Recognize when the Section 245A DRD may be applicable
  • Recognize practical tax issues and potential impact on a taxpayer's effective tax rate (ETR) under the various international tax rules, post-TCJA


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic knowledge of subpart F income (IRC Sections 951, 952 and 954), IRC Sections 951A, and 250.

Advance Preparation

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