Transfers of Tangible and Intangible Property to a Foreign Corporation

$199.00

SKU: 409987

Description

An indepth look at the dozens of complex requirements for the filing of IRS Form 926 by U.S. persons, estates and trusts who engage in exchanges or transfers of property to a foreign corporation.
The IRS is vigilant about preventing taxpayers from hiding offshore assets and earnings. Furthermore, in recent years the IRS has become increasingly aggressive about enforcing crossborder corporate reorganizations, divisions, and liquidations. Failure to file, misfiling, or underreporting can have substantial consequences with no statute of limitations. This course includes practical applications you can apply to client situations and will add to your overall knowledge about international tax compliance as it applies to U.S. investors and businesses with overseas holdings, as well as U.S. owners and beneficiaries of foreign trusts. You will learn, stepbystep, how to address the detailed rules and requirements in filing Form 926 to ensure compliance is met.

Date: 2022-08-18 Start Time: 1:00 PM ET End Time: 2:40 PM ET

Learning Objectives

* You will be able to discuss the primary purpose of Form 926.

* You will be able to review the basics of international taxation.

* You will be able to explain the exceptions to filing Form 926.

* You will be able to define the rules and requirements in filing Form 926 to ensure compliance is met.

The Purpose of Form 926
• Ensure Taxes on Transfers of Property by U.S. Persons to Foreign Corporations Are Paid
• Prevents U.S. Persons From Avoiding Taxes
• Basics of International Taxation

International Taxation Basics
• Complexity of Form 926
• Terms and Definitions
• Basic Concepts

Changes From Temporary to Proposed Regulations
• Eliminating Goodwill, Narrowing Definitions
• Recognizing Income Under IRC 936 Regulations
• No Favorable Treatment of Intangibles

Form 926 Section-By-Section
• Purpose
• Requirements
• Exceptions

Form 926 Section-By-Section
• Cash
• Types of Property
• Additional Requirements

AIPB ,Enrolled Agents ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Jack Brister-International Wealth Tax Advisors