Course Information

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Multistate Corporate Income Taxation: Income from Foreign Subsidiaries
Author: John C. Healy, MST, CPA, and Michael S. Schadewald, PhD, CPA

Description:
The globalization of business has made state taxation of a U.S. multinational corporation’s foreign earnings an important issue. This course explains how the income from foreign subsidiaries is treated for purposes of state income taxation.

Topics covered include:

  • Domestic consolidation and deferral
  • Dividends and Section 78 gross-up income
  • Subpart F income
  • Worldwide vs. water’s-edge combined reporting
  • Dividends-received deductions
  • Apportionment factor relief

Course Details:
Price:  $17.00
Field of Study:  Taxes
Prerequisites:  Basic Principles of Mulitstate Corporate Income Taxation
Level:  Intermediate
CTEC course number:  1075-CE-9619
Course was last updated on:  08/26/2009
Library:
State Taxation
Corporate

Technical Requirements:
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Credit Available For: Units
CPE 1.00 CPE
CTEC California 1.00 CE
QAS 1.00 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

CCH has been approved by the California Tax Education Council to offer courses that provide federal and state credit towards the annual "continuing education" requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.