International Tax Update (2024)

This program, taught by attorney Patrick J. McCormick, provides a summary of recent developments in international tax. Attendees will explore updated regulations for foreign tax credit purposes, as well as current options for net investment income tax relief under tax treaty provisions. Mr. McCormick will review recent rulings impacting the government's ability to assess and collect both FBAR and Title 26 penalties. He will also cover the domestic filing exception to Schedule K-2 and K-3 filing.


Learning objectives:

1. Summarize the recent developments in international tax 
2. Explore the recent rulings impacting the government's ability to assess and collect both FBAR and Title 26 penalties
3. Identify the current status of NIIT relief under treaties
4. Review the domestic filing exception to Schedule K-2 and K-3 filing