Navigating Corporate AMT and International Tax Issues: New IRS Guidance, Calculating Corporate AMT, Foreign Tax Credit
A live 90-minute premium CLE/CPE video webinar with interactive Q&A
This CLE/CPE webinar will provide tax counsel and advisers guidance on the tax implications of the Corporate Alternative Minimum Tax (AMT) regime for inbound and outbound taxpayers. The panel will discuss the international tax implications of the corporate AMT, the scope and application of the tax, Notice 2024-10, Notice 2023-64 and Notice 2023-7, guidance regarding covered CFC distributions, and calculating adjusted financial statement income (AFSI) and the corporate AMT foreign tax credit.
Outline
- Entities subject to the corporate AMT
- Notice 2023-7, Notice 2023-20, and Notice 2023-64
- New interim guidance under Notice 2024-10
- Calculating corporate AMT
- Exceptions
- Tax planning considerations
Benefits
The panel will discuss these and other key issues:
- Impact of the corporate AMT
- Issues for foreign-owned U.S. corporations
- Key items under Notice 2023-7, Notice 2023-20, and Notice 2023-64
- Impact of interim guidance under Notice 2024-10 and next steps for taxpayers
- Calculating AFSI and the corporate AMT foreign tax credits
- Exceptions to the application of corporate AMT
Faculty
Sanjay Gupta, CPA, FCA
Managing Partner
Sanjay Gupta & Associates
Mr. Gupta is a certified public accountant with more than 30 years of experience in public accounting. He specializes... | Read More
Mr. Gupta is a certified public accountant with more than 30 years of experience in public accounting. He specializes in a wide variety of accounting and tax services to help individual and business clients from different industries, including individual and business tax returns and domestic and international tax. He assists multinational companies and clients set up their U.S. offices, advises on corporate structuring, and manages their U.S. office tax and accounting for foreign tax compliance. In addition, he serves on various Non-Profit Organizations Board as President/Committee Chair. He is a founding Diwali Committee Chair and Former President of the IRCC (An Indian Cultural Organization), Chief Operating Officer (COO) of Indian Physicians of South Florida, Member of the FICPA International Tax Committee, and founding leader of the Indian Institute Chartered Accounts of India (ICAI) of Florida Representative Office.
Closeto be announced.
Cannot Attend June 27?
Early Discount (through 05/31/24)
You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. CPE credit is not available on recordings. Strafford will process CLE credit for one person on each recording. All formats include course handouts.