ARLINGTON, Va., Oct. 26 /PRNewswire-USNewswire/ -- As businesses of all sizes become increasingly international, it is inevitable that they and their tax advisors will need to understand international tax rules. On Wednesday, October 27, 2010, attorney Douglas Stransky will present the first of a popular two-part BNA Tax & Accounting webinar with his Introduction to U.S. International Tax, designed specifically with non-international tax professionals in mind. (His follow-up Intermediate International Tax webinar will be conducted on November 10, 2010.)
"The growth in international trade, both inbound and outbound, means that advisors to U.S. businesses must be familiar with the basic international tax rules. A knowledge of these rules can mean savings for clients and new opportunities for professional growth," says BNA Tax & Accounting Managing Editor Harold Pskowski.
During this live event, participants will be provided with a conceptual understanding and practical application of the following:
- International Tax Overview
- Taxation of U.S. Persons with Foreign Income
- Structuring Foreign Operations
- Forms of doing business, including "check-the-box" planning
- Foreign income tax exposure
- Tax implications of creating foreign entities or transferring assets outside the U.S.
- Effective Tax Rate Management
- Foreign Tax Credits
- Direct and Indirect Credit
- When to claim the credit
- Overview of Foreign Tax Credit Baskets and Limitation
- Controlled Foreign Corporations
- Anti-Deferral Regime, e.g., Subpart F
- Code section 956
- Previously Taxed Income
- Key Reporting Requirements
- Planning Opportunities
Upon completion of this program, participants will:
- Be aware of international tax issues facing U.S. based multinationals in cross-border transactions, with particular emphasis on forms of doing business and tax implications of creating foreign entities or transferring assets outside the U.S.;
- Be familiar with the controlled foreign corporation regime and foreign tax credit rules; and
- Recognize international tax planning opportunities that can add value to your company (or to your clients' companies).
About the Speaker
Douglas S. Stransky is an international tax partner in the Tax Department of the Boston office of Sullivan & Worcester LLP. Mr. Stransky concentrates his practice on international tax planning for multinational clients in the financial services, life sciences, manufacturing, private equity, technology and venture capital industries, with a particular emphasis on U.S.-based clients investing in foreign jurisdictions. He has advised a broad range of publicly traded and privately held multinational clients in structuring tax efficient international mergers, acquisitions, dispositions and reorganizations and designing cross border financing strategies and foreign holding company structures. He also assists companies with foreign tax credit utilization, foreign treasury and cash flow management, recapitalization of foreign operations to enhance foreign earnings repatriation efficiency and reduce foreign tax burdens. Mr. Stransky is the co-chair of the International Tax Committee of the Boston Bar Association, a member of the Board of Advisors for Practical U.S./International Tax Strategies and a frequent speaker at numerous international tax seminars. Prior to joining Sullivan & Worcester, Mr. Stransky was the Director of International Tax Services and a member of the National Outbound Team at PricewaterhouseCoopers LLP. Mr. Stransky holds a B.A. cum laude from Harvard University and a J.D. cum laude and LL.M. from the University of Miami School of Law. He is admitted to the Bar of the Commonwealth of Massachusetts.
Introduction to U.S. International Tax takes place October 27, 2010, from 12:30 – 2:00 pm, ET. Register for this webinar and obtain further information about CLE and CPE credits, go to http://www.bnatax.com/international-package-webinar/?open&cmpid=tmtxpr2010 or call 1-800-372-1033, menu Option 6, then Option 1. To receive automatic, email notification of upcoming BNA webinars that may be of interest to you, go to: http://www.bna.com/emailsignup.htm
About BNA Tax & Accounting Webinars
Designed for today's busy practitioners, our webinars offer the same expertise and relevance that are the hallmark of all BNA Tax & Accounting resources. In just 60-90 minutes, practitioners gain in-depth knowledge on a current tax or accounting topic from experts in that area — and benefit from practical applications that can be put to work immediately. Webinar attendees have the opportunity to ask the speakers questions, and may be eligible to earn CLE or CPE credits — all from the convenience of their own office or conference room.
SOURCE BNA Tax & Accounting