1-Hour Course in Controlled Foreign Corporations, or CFCs for CPAS
For Houston based CPA firms, we use a "lunch and learn" format: if you buy lunch, usually at your office, we'll provide you with 1-hour of CPE credit.
If you'd like to schedule a webinar on this topic matter for your firm, please contact us at 832.330.4101.
The controlled foreign corporation statute is a bedrock legal concept of U.S. international taxation. Enacted in the early 1960s, it is one of the most complex statutes in the U.S. tax code.
“An Introduction to Controlled Foreign Corporations” will provide the CPA with an overview of this statute. It not only explains the historical circumstances that led to its passage, but also provides the CPA with a basic working knowledge of the statute’s legal mechanics. The program contains the following sections:
How did we get here?
A basic working definition of controlled foreign corporation?
A definition of U.S. shareholder
What income is reported
Foreign Base Company Sales Income
Foreign Base Company services income
Foreign personal holding company income
In order to be awarded the full credits, you must be respond to all polling questions, provide the correct end of section code and pass the quiz with a score of 70% or greater Participants will earn 1.0 CPE credit
Field of Study: International Tax.
Program Level: basic
Advanced Preparation: None
Who Should Attend: Anyone interest in learning about Controlled Foreign Corporations. Delivery Method: Group Internet Based
Complaint resolution: should the applicant have a complaint about the course he can contact F. Hale Stewart at either 832.330.4101 or firstname.lastname@example.org
The Law Office of Hale Stewart is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Course Update policy: This course will be updated if and when new developments occur, but at least once per year.