Join special guest instructor Mary Beth Lougen, EA, USTCP for the Compass Tax Educators webinar “Practitioner’s Guide to the Sec. 965 Repatriation Tax” on April 3, 2018. Other members of the Compass Tax Educators team will also be available on this webinar to moderate the event and answer questions.

The Tax Cuts & Jobs Act completely redefined the U.S. tax regime for foreign corporations owned by U.S. persons. To facilitate this change, Congress imposed a one-time tax on certain offshore earnings: the learning curve is steep, the IRS issued guidance only last week, and the timeline for our clients is very short. This course outlines the who, what, when, where, and, most importantly, how of computing and paying this tax.

The learning objectives for this webinar include:

• Recognize the new terminology and expanded definitions in §965.
• Identify taxpayers who are subject to the §965 repatriation tax.
• Apply IRS guidance to compute the §965 repatriation tax.
• Prepare the election to pay the §965 tax over 8 years.

Update 2017 CCH Tax Preparation Program data entry update Fix Removed disallowed Foreign Tax Credits credits the form 8621 Deemed Sale Fair Market Value currency fix

Update Currency update 2017 December 2017 interest and tax rates 2017 forms and calculations Enhancements Currency setting by funds, not by account

We will be attending as an exhibitor the following conferences:

• October 22-23, 2017 — NYU 76th Institute on Federal Taxation – Grand Hyatt, NYC
• November 12-13, 2017  — NYU 76th Institute on Federal Taxation – Fairmont San Francisco
• November 15-17, 2017 — CalCPA Federal, State, Local and International Taxation Conference – Burbank California
• December 6-8, 2017 — ABA 34th Annual National Institute on Criminal Tax Fraud – Wynn Las Vegas

Stop by and visit Mary Beth Lougen EA USTCP at our display in the vendor’s area.
See the software in action and check out our finished product!

Upcoming trainings and presentations

PFIC related:

• Potential Issues and Benefits
• Identification, reporting, elections
• PFIC/8621 Case Study

International Taxation:

• Foreign Earned Income Exclusion & Other Things International;
• The Canadian In America

We are pleased to announce that we will be attending the 34th Annual National Institute on Criminal Tax Fraud and Seventh Annual National Institute on Tax Controversy Conference in San…

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We are pleased to announce that we will be attending the 34th Annual National Institute on Criminal Tax Fraud and Seventh Annual National Institute on Tax Controversy Conference in San…

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We are pleased to announce that we will be attending the NYU 76th Institute on Federal Taxation Conference in San Francisco on November 12 and November 13. Stop by and visit…

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We are pleased to announce that we will be attending the NYU 76th Institute on Federal Taxation Conference on October 22 and October 23. Stop by and visit Mary Beth Lougen…

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This is not your standard session on what is a PFIC and how is it taxed, it is more strategy based and give the participant a different way to look at PFICs. We will cover an often overlooked pitfall in the QEF election as well as some ways to make the PFIC regulations benefit your client in the right situation.