The Tax Cuts and Jobs Act brought many changes to U.S. taxpayers, including those who are shareholders in certain foreign corporations.
One major change involves Global Intangible Low-Taxed Income (GILTI), which requires US shareholders to include in US taxable income certain income of a foreign corporation regardless of whether cash is disturbed.
As a result of the new law US compliance related to foreign corporations has become significantly more complex. Additionally, the GILTI regime creates planning opportunities for both corporations and individuals that can significantly lower US tax liabilities.
- Review the GILTI calculation and recent IRS guidance
- Discuss the GILTI tax effect on individuals and corporations
- Compare various structuring and planning opportunities
CPE Credits: 1
Field of Study: Taxes
Level of Knowledge: Basic
Delivery Method: Web-Based Group Session
These are web-group seminars. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Jason McKeever at 701.476.8773.
Aaron helps individuals and companies lower their tax rate, both in the U.S. and abroad. He also assists both businesses and individuals with determining and completing required tax filings. In addition, Aaron connects U.S. taxpayers to non-U.S. tax advisors in the HLB network affiliation, and works closely with such advisors to ensure effective tax planning and compliance.