Virtual
ITL 2023: Form 5471: CFCs and Individual Shareholders: The Section 962 Election
Date: Feb. 23, 2024
Time: 12 – 1 p.m. PT
Member
$49.00
Nonmember
$59.00
Members, log in to access your discount.
Overview
International Tax Lunch will cover a variety of topics related to Form 5471. Scheduled for the last Friday of each month, be sure to register for them all! Key search term: ITL
February 2024: The Section 962 Election
March 2024: CFC's Compared to Other Structure Choices
Section 962 is a special election available to individual US shareholders of controlled foreign corporations. It allows individuals to use Subchapter C corporate tax principles to report income from CFCs and foreign tax credits for CFC-paid foreign income tax. It is a valuable technique for American individuals living abroad who own regular businesses in normal countries to reduce their US tax burden.
Product Code
1000001939-116829
Credit Type
CPE: 1CPE-Technical: 1IRS-TX: 1MCLE: 1MCLE LS-TX: 1Intended Audience
CPAs, attorneys, tax preparers and advisors who what to stay current on the latest developments on international tax issues.
NASBA Field of Study
Taxes
Level of Difficulty
Overview
Prerequisites
None
Advance Preparation
None
Learning Objectives
Major Subjects
- Form 5471
- Controlled foreign corporation
- Section 962
- Subchapter C
Faculty
