International Tax Considerations 2023

In this comprehensive webinar on International Tax Considerations, tax professionals will explore critical aspects of international taxation. Delving into recent tax cases, Revenue Ruling 2023-55, US tax compliance and how foreign retirement accounts are treated differently, and the latest tax treaty developments, participants will gain a deep understanding of the intricacies of international tax planning and compliance.

Course Objectives

After completing this course you will be able to:

  • Analyze recent tax cases of significance, including Farhy, Bittner, Aroeste, and Moore, to understand the evolving landscape of international taxation and its impact on businesses and individuals.
  • Interpret and apply the provisions of Revenue Ruling 2023-55, focusing on foreign tax credit regulations, to navigate the complexities of foreign income taxation and optimize compliance strategies.
  • Summarize the US tax compliance landscape with respect to foreign retirement accounts of US persons; outline how the US tax treatment differs from domestic retirement accounts; and how to mitigate some of these issues.
  • Gain insights into recent developments in tax treaties, equipping participants with the knowledge to identify opportunities and challenges when structuring international transactions and investments.