Print Page   |   Contact Us   |   Your Cart   |   Sign In   |   Join
International Tax Lunch: PFIC Tests In-Depth for Operating Companies 4173345A
View Registrations Tell a Friend About This EventTell a Friend
 

When U.S. ownership of a foreign corporation is-at most-50%, the foreign corporation, though an operating business, may fall under a special, punitive classification called passive foreign investment company. Learn in depth how to analyze the foreign corporation's income and assets to determine whether the foreign corporation is-or is at risk of becoming-a PFIC.

11/10/2017
When: 1:00 PM to 2:00 PM
Where: Webinar/Webcast
United States
Presenter: Haoshen Zhong, JD
Contact: April Deneault
801-466-10540


Online registration is closed.
« Go to Upcoming Event List  

Curriculums:   International Business and Corporate Taxation

NASBA Credit Category:  Taxes

CPE Hours:  1

Description

When U.S. ownership of a foreign corporation is—at most—50%, the foreign corporation, though an operating business, may fall under a special, punitive classification called passive foreign investment company. Learn in depth how to analyze the foreign corporation's income and assets to determine whether the foreign corporation is—or is at risk of becoming—a PFIC.

Materials are provided as an ebook for this course.



Major Subjects

  • Default classification of foreign entities
  • Definition of income test and asset test
  • Web company
  • Professional service firm
  • Controlled foreign corporation-PFIC overlap

Objectives

  • Determine the default classification of foreign business entities.
  • Apply the PFIC income test and asset test to a company that offers services through an automated website.
  • Apply the PFIC income test and asset test to a professional service company.
  • Recognize when a controlled foreign corporation-PFIC overlap rule can be used to avoid PFIC classification.

Level:  Overview

Designed For

CPAs and attorneys.

Advanced Prep:

None.

Prerequisite

None.

Membership Management Software Powered by YourMembership  ::  Legal