Many tax practitioners think their clients are insulated from the world of international tax issues. However, as the business environment continues to evolve globally, tax practitioners need to make sure they are taking inventory of various international tax matters. International tax policies can dramatically affect business decisions, job creation and retention and office and plant locations. Having exposure to international tax issues will allow tax practitioners to spot potential issues and provide a value-add service to clients.
In this Tax Section Odyssey episode, April Walker, CPA, CGMA, from the AICPA Tax Section and Jason Freeman JD, CPA,
Managing Member — Freeman Law, highlight the latest happenings in the current and future international tax landscape. Jason provides an avenue for CPA practitioners to learn more at the upcoming Freeman Law International Tax Symposium taking place November 18-19, 2021 and shares various AICPA resources and programs.
What you’ll learn in this episode
- What international tax issues should a tax practitioner focus on (1.42)
- Overview of the Freeman Law International Tax Symposium (2.50)
- Why all tax practitioners need to have awareness of international tax issues (5.59)
- Jason’s advice for small practices without an international alliance option and how to find specialists (8.02)
- Potential international tax policies that could be included in future tax legislation (10.19)
- Reporting requirements for Form 5471, Information Return of U.S. Persons With Respect To Certain Foreign Corporations (14.41)
- AICPA U.S. International Tax Certificate program (16.08)
- A page from Jason’s travel journal (18.19)
AICPA resources
- AICPA International Tax Hub — A compendium of international tax resources
- S. International Tax Certificate program — The AICPA U.S. International Tax Certificate Program provides accounting and finance professionals the competencies needed to navigate the international tax environment.
Other resources
- The Freeman Law International Tax Symposium — Join leading tax experts from across the globe on November 18–19, 2021 as they discuss tax trends that are reshaping international taxation.
Note: If your podcast app does not hyperlink to resources, visit https://taxodyssey.libsyn.com to access show notes with direct links.
This episode is brought to you by the AICPA’s Tax Section, your home base to maintain your professional edge. To learn more about the Tax Section, check out aicpa.org/tax or sign up for a free web tour.
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