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Deduction for Foreign Dividends Repatriated to the United States

CCH Editorial Staff

The American Jobs Creation Act of 2004 (2004 Jobs Act) contains a special, temporary reduced tax rate to encourage repatriation of foreign earnings and investment of the repatriated funds in domestic job-producing activities. U.S. corporations receive an 85 percent dividends-received deduction for qualifying dividends, resulting in an effective tax rate of 5.25 percent for a corporation taxed at the top rate of 35 percent. Corporations have a one-year window to take the deduction. This course provides guidance to practitioners about the operation of this special deduction.

Topics covered include:

  • Qualifying payments
  • Reinvestment of repatriated dividends
  • Election and reporting requirements
  • Mergers, acquisitions, and disposals

Course Details
Price:  $36.00
Field of Study:  Taxation
Prerequisites:  None
Level:  Update
CTEC course number:  1075-CE-3482
Course was last updated on:  02/16/06
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Credit Available For: Units
CPE 3 CPE
QAS 3 CPE
CFP® (Accepted by the CFP Board) 3 CPE
Enrolled Agent (Accepted by the IRS) 3 CPE
CTEC Federal 3 CE

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.

User Reviews
Reviewer: Erik E. submitted on 10/22/2008
n/a
Reviewer: Anna C. submitted on 06/13/2007
The clear explanations.
Reviewer: Jeffrey S. submitted on 05/13/2007
background on subject
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