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Corporate Tax Fundamentals Series: Principles of Accounting for Income Taxes under ASC 740 & Understanding Subpart F Inclusion and GILTI

October 11, 2019

Global Tax Management (GTM) invites you to attend our next Corporate Tax Fundamentals session – a series of 2-hour events designed to educate junior tax professionals and/or act as a refresher for senior level tax professionals.

Delivered in a format that is practical, timely, and adaptable, this training series is meant to deepen the tax knowledge of the corporate tax department without disrupting the entire day.

Please join us on November 7th at the Kimpton Hotel Monaco Pittsburgh for breakfast, networking, 2 CPE credits, and a comprehensive education on the Principles of Accounting for Income Taxes under ASC 740 & Understanding Subpart F Inclusion and GILTI.

Registration/Breakfast: 9:00am

Program: 9:30am-11:30am

Here’s what we will cover:

Session 1: Principles of Accounting for Income Taxes under ASC 740

  • Journal entry basics
  • Financial reporting and disclosure requirements
  • Development of provision analytics
  • Valuation allowance
  • Return-to-Provision

Session 2: Understanding Subpart F Inclusion & GILTI

Subpart F Inclusion

  • Definitions related to the Foreign Corporation Anti-Deferral Regimes
  • Overview of Subpart F – the Foreign Anti-deferral Regime
  • How to calculate and report Subpart F on Form 5471

Global Intangible Low -Taxed Income Inclusion (GILTI)

  • GILTI overview
  • Steps in calculating GILTI
  • Example of how to calculate GILTI and report it on the new Form 5471

For more information on GTM, visit gtmtax.com

Global Tax Management, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Cancellations must be received no later than one day prior to the event. This event is complimentary, therefore, there is no refund policy necessary. For more information on cancellations, refunds, or complaints please call (484) 395-4000. 

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