This Advanced Certificate in Foreign Topics provides a deeper analysis of some of the international tax concepts. This course builds upon the topics discussed in the Basic Foreign Topics Certificate Program.

Upon completion of the program, the EA will be able to identify common scenarios with international tax implications. Additionally, the EA will be able to determine alternatives for tax planning at the international level. This course serves as the foundation for the Advanced Foreign Topics Certificate Program.
This Certificate focuses on foreign investments made by U.S. individuals., commonly referred to as outbound investments. The first component of the Certificate analyzes and discusses concepts that are commonly found in the international tax arena. This includes the identification of Controlled Foreign Corporations (CFC), Passive Foreign Investment Companies (PFIC), and Foreign Partnerships, among others.

The second component of this Certificate applies the concepts of the first stage and discusses common scenarios encountered by U.S. individuals with foreign investments, for example, owning foreign real estate or leaving the U.S. This part also encompasses some of the reporting obligations that are required for the holding of CFCs, PFICs, and foreign branches.

The third component is 100% practical and allows the student to put into practice the knowledge acquired in the first two components.

Learning Objectives:

• Identify and provide tax advice concerning federal tax implications of investments made by U.S. individuals/businesses in foreign jurisdictions, including foreign corporations, foreign branches, foreign partnerships, foreign passive investments and foreign trusts.
• Learn to fill respective international filing requirements for each of the above.