When U.S. ownership of a foreign corporation is—at most—50%, the foreign corporation, though an operating business, may fall under a special, punitive classification called passive foreign investment company. Learn in depth how to analyze the foreign corporation's income and assets to determine whether the foreign corporation is—or is at risk of becoming—a PFIC.
- Default classification of foreign entities
- Definition of income test and asset test
- Web company
- Professional service firm
- Controlled foreign corporation-PFIC overlap
- Determine the default classification of foreign business entities.
- Apply the PFIC income test and asset test to a company that offers services through an automated website.
- Apply the PFIC income test and asset test to a professional service company.
- Recognize when a controlled foreign corporation-PFIC overlap rule can be used to avoid PFIC classification.
CPAs and attorneys.
Vendor:CalCPA Education Foundation
Member/Nonmember Fees:30 / 50
CPE:Taxes 1 hour(s)
Yellow Book Credit:No
Haoshen Zhong, Esq
Cancellation or transfer requests made six(6) business days or more prior to the program, no fee assessed.
Cancellation or transfer requests made two(2) to five(5) business days prior to the program, $25 fee assessed.
Cancellation or transfer requests made one business day prior to the program, $50 fee assessed.
Day of program or no notice of cancellation, 100 percent course fee assessed.
If you transfer from an in-person class course to a webcast, the above policies apply.
Remember, the COCPA reserves the right to cancel a course seven days prior to the program date. Please keep this cancellation policy in mind when making your travel plans and airline reservations. The COCPA will not be liable for flight cancellation penalties due to our cancellation.
To cancel or transfer a course, please contact the Member Services department at 303-773-2877 or 800-523-9082.