{"product_id":"international-applications-of-u-s-income-tax-law-isbn-9780471464495","title":"International Applications of U.S. Income Tax Law","description":"\u003cb\u003eA clear, concise explanation of United States tax law’s international aspects\u003c\/b\u003e  \u003cp\u003eIn tackling a sometimes thorny set of laws and treaties, international tax expert Ernest Larkins emphasizes their economic effects, showing how to avoid hazards while reaping rewards which often go ignored. Coverage includes:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eSpecial issues arising when a foreign person invests in U.S. real estate, as well as the best structures for holding such real estate\u003c\/li\u003e \u003cli\u003eWhat a controlled foreign corporation is and what consequences result from this status\u003c\/li\u003e \u003cli\u003eAcceptable transfer pricing methods and what penalties apply when taxpayers do not follow arm’s-length principles\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eInternational Applications of U.S. Income Tax Law\u003c\/i\u003e also contains many useful tools which allow readers to build understanding through practice, as well as formulate and solve the complex problems international taxes can present.\u003c\/p\u003e \u003cp\u003eOrder your copy today!\u003c\/p\u003e  Preface.  \u003cp\u003e\u003cb\u003ePART ONE: Generic Topics.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 1: Policy and Overview.\u003c\/p\u003e \u003cp\u003eInternational Tax Policy.\u003c\/p\u003e \u003cp\u003eEntity Selection.\u003c\/p\u003e \u003cp\u003eGeneric Topics.\u003c\/p\u003e \u003cp\u003eInbound Transactions.\u003c\/p\u003e \u003cp\u003eOutbound Transactions.\u003c\/p\u003e \u003cp\u003eRelated Person Transactions.\u003c\/p\u003e \u003cp\u003eCHAPTER 2: Jurisdiction to Tax.\u003c\/p\u003e \u003cp\u003eTale of Two Systems.\u003c\/p\u003e \u003cp\u003eU.S. Jurisdiction.\u003c\/p\u003e \u003cp\u003eDouble Taxation.\u003c\/p\u003e \u003cp\u003eCHAPTER 3: Income Tax Treaties.\u003c\/p\u003e \u003cp\u003eTreaty Creation and Authority.\u003c\/p\u003e \u003cp\u003eTreaty Scope.\u003c\/p\u003e \u003cp\u003ePersonal Service Income.\u003c\/p\u003e \u003cp\u003eBusiness Profit.\u003c\/p\u003e \u003cp\u003eInvestment Income.\u003c\/p\u003e \u003cp\u003eGain from Dispositions.\u003c\/p\u003e \u003cp\u003eSpecial Clauses.\u003c\/p\u003e \u003cp\u003eCHAPTER 4: Source of Income.\u003c\/p\u003e \u003cp\u003eFundamental Importance.\u003c\/p\u003e \u003cp\u003eGeneral Source Rules.\u003c\/p\u003e \u003cp\u003eInterest Income.\u003c\/p\u003e \u003cp\u003eDividend Income.\u003c\/p\u003e \u003cp\u003ePersonal Service Income.\u003c\/p\u003e \u003cp\u003eRent and Royalty Income.\u003c\/p\u003e \u003cp\u003eGain from Selling Property.\u003c\/p\u003e \u003cp\u003eOther Source Rules.\u003c\/p\u003e \u003cp\u003eCHAPTER 5: Allocation and Apportionment.\u003c\/p\u003e \u003cp\u003eAllocation to Classes.\u003c\/p\u003e \u003cp\u003eApportionment to Groupings.\u003c\/p\u003e \u003cp\u003eInterest Deductions.\u003c\/p\u003e \u003cp\u003eResearch and Experimental Deductions.\u003c\/p\u003e \u003cp\u003eOther Deductions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART TWO: Inbound Transactions.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 6: Foreign Persons.\u003c\/p\u003e \u003cp\u003eResidency Tests.\u003c\/p\u003e \u003cp\u003eCounting Days.\u003c\/p\u003e \u003cp\u003eDual Status Aliens.\u003c\/p\u003e \u003cp\u003eImportant Elections.\u003c\/p\u003e \u003cp\u003eCHAPTER 7: Nonbusiness Income.\u003c\/p\u003e \u003cp\u003eFixed or Determinable, Annual or Periodical Income.\u003c\/p\u003e \u003cp\u003eMarginal Tax Rates.\u003c\/p\u003e \u003cp\u003eNonbusiness Exemptions.\u003c\/p\u003e \u003cp\u003eInterest Stripping.\u003c\/p\u003e \u003cp\u003eCHAPTER 8: Business Income.\u003c\/p\u003e \u003cp\u003eU.S. Trade or Business.\u003c\/p\u003e \u003cp\u003eEffectively Connected Income.\u003c\/p\u003e \u003cp\u003eBusiness Exemptions.\u003c\/p\u003e \u003cp\u003eIncome Tax Calculations.\u003c\/p\u003e \u003cp\u003eCHAPTER 9: Real Property Gains.\u003c\/p\u003e \u003cp\u003eU.S. Real Property Interests.\u003c\/p\u003e \u003cp\u003eU.S. Real Property Holding Corporations.\u003c\/p\u003e \u003cp\u003eWithholding Procedures.\u003c\/p\u003e \u003cp\u003eStructures for Holding U.S. Real Estate.\u003c\/p\u003e \u003cp\u003eCHAPTER 10: Branch Taxes.\u003c\/p\u003e \u003cp\u003eBranch Profits Tax.\u003c\/p\u003e \u003cp\u003eMarginal Tax Rates.\u003c\/p\u003e \u003cp\u003eBranch Interest Tax.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART THREE: Outbound Transactions.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 11: Foreign Tax Credit.\u003c\/p\u003e \u003cp\u003eCreditable Taxes.\u003c\/p\u003e \u003cp\u003eDeemed Paid Taxes.\u003c\/p\u003e \u003cp\u003eLimitation Formula.\u003c\/p\u003e \u003cp\u003eTax-Sparing Credit.\u003c\/p\u003e \u003cp\u003eCHAPTER 12: Controlled Foreign Corporations.\u003c\/p\u003e \u003cp\u003eCFCs and U.S. Shareholders.\u003c\/p\u003e \u003cp\u003eSubpart F Income.\u003c\/p\u003e \u003cp\u003eEarnings Invested in U.S. Property.\u003c\/p\u003e \u003cp\u003eConstructive Dividends.\u003c\/p\u003e \u003cp\u003eCHAPTER 13: Other Antideferral Provisions.\u003c\/p\u003e \u003cp\u003ePassive Foreign Investment Companies.\u003c\/p\u003e \u003cp\u003eQualified Electing Funds.\u003c\/p\u003e \u003cp\u003eForeign Personal Holding Companies.\u003c\/p\u003e \u003cp\u003eCHAPTER 14: Export Incentives.\u003c\/p\u003e \u003cp\u003eExtraterritorial Income Exclusion.\u003c\/p\u003e \u003cp\u003eDomestic International Sales Corporations.\u003c\/p\u003e \u003cp\u003eCHAPTER 15: U.S. Individuals Abroad.\u003c\/p\u003e \u003cp\u003eForeign Earned Income Exclusion.\u003c\/p\u003e \u003cp\u003eIncome Sourced in U.S. Possessions.\u003c\/p\u003e \u003cp\u003eSocial Security Concerns.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART FOUR: Related Person Transactions.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 16: Transfer Prices.\u003c\/p\u003e \u003cp\u003eGeneral Principles.\u003c\/p\u003e \u003cp\u003eLoan of Funds.\u003c\/p\u003e \u003cp\u003ePerformance of Services.\u003c\/p\u003e \u003cp\u003eRental of Tangible Property.\u003c\/p\u003e \u003cp\u003eSale or License of Intangible Property.\u003c\/p\u003e \u003cp\u003eSale of Tangible Property.\u003c\/p\u003e \u003cp\u003eValuation Misstatements.\u003c\/p\u003e \u003cp\u003eAdvance Pricing Agreements.\u003c\/p\u003e \u003cp\u003eCHAPTER 17: Asset Transfers.\u003c\/p\u003e \u003cp\u003eOutbound Asset Transfers.\u003c\/p\u003e \u003cp\u003eInbound Asset Transfers.\u003c\/p\u003e \u003cp\u003eExternal Asset Transfers.\u003c\/p\u003e \u003cp\u003eGlossary.\u003c\/p\u003e \u003cp\u003eTable of Statutes.\u003c\/p\u003e \u003cp\u003eTable of Regulations.\u003c\/p\u003e \u003cp\u003eTable of Cases.\u003c\/p\u003e \u003cp\u003eTable of Rulings.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e Ernest R. Larkins is the E. Harold Stokes\/KPMG Professor of Accounting at Georgia State University, where he teaches graduate courses in federal tax research and international taxation. He has published approximately 100 articles in various academic, law, and professional journals, as well as several chapters in books and monographs. He has received research fellowships from the Australian Taxation Studies Program (ATAX), University of New South Wales, and, for work conducted in Russia, the Society of International Business Fellows. He is an active member of the American Accounting Association and the American Taxation Association.   A clear, concise explanation of United States tax law’s international aspects  \u003cp\u003eForeign investments in U.S. real estate and business have reached an estimated $1.8 trillion, with daily capital flows into and out of the country now exceeding $14 billion. As continuing globalization increases transactions across the U.S. border, more and more tax professionals must come to grips with international tax issues. Failure to do so may result in overlooked benefits or, even worse, inadvertent stumbles into tax pitfalls. International Applications of U.S. Income Tax Law: Inbound and Outbound Transactions provides practitioners with the understanding of tax, accounting, and legal issues necessary for operation in this special arena.\u003c\/p\u003e \u003cp\u003eThis text gives readers a practical explanation, going beyond legal terminology to clarify how rules affect taxpayers and provide incentives. In tackling a sometimes thorny set of laws and treaties, international tax expert Ernest Larkins emphasizes their economic effects, showing how to avoid hazards while reaping rewards which often go ignored. Coverage includes:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eSpecial issues arising when a foreign person invests in U.S. real estate, as well as the best structures for holding such real estate\u003c\/li\u003e \u003cli\u003eWhat a controlled foreign corporation is and what consequences result from this status\u003c\/li\u003e \u003cli\u003eAcceptable transfer pricing methods and what penalties apply when taxpayers do not follow arm’s-length principles\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eInternational Applications of U.S. Income Tax Law also contains many useful tools which allow readers to build understanding through practice, as well as formulate and solve the complex problems international taxes can present. Marginal tax rate analyses demonstrate the aggregate economic effects of legal rules. Empirical evidence presents tax law changes and the managerial reaction of multinational companies. Key cases and numerous examples apply points of law discussed in the text, many using foreign tax laws to illustrate application of U.S. provisions. Flowcharts, table comparisons, and exhibits help visualize major concepts.\u003c\/p\u003e \u003cp\u003eClearly organized and full of practical guidance for working with international tax laws, International Applications of U.S. Income Tax Law is an essential guidebook for accounting, tax, and legal practitioners in the United States or abroad.\u003c\/p\u003e  Praise for International Applications of U.S. Income Tax Law  \u003cp\u003e\"Dr. Larkins has created a concise and easy-to-read summary of the essentials of international taxation. His text offers valuable insights and observations into many of the issues and topics that surface frequently in practice. The book’s practical examples and citations make it a helpful summary for the beginner as well as the more experienced practitioner.\"\u003cbr\u003e ––Steve McLeighton\u003cbr\u003e Partner, International Corporate Tax Services\u003cbr\u003e KPMG, LLP\u003c\/p\u003e \u003cp\u003e\"International Applications of U.S. Income Tax Law is an excellent addition to the international taxation literature. The book deals with an extremely important and complex area, and does an excellent job of making it understandable. Larkins provides an overview of the issues, a discussion of inbound and outbound transactions, and a discussion of major areas of concern in international taxation. The book also provides numerous tax planning and tax policy perspectives. International Applications of U.S. Income Tax Law is unique from other books in this area because it contains numerous examples, marginal tax rate analysis when applicable, and links to empirical studies involving issues in international taxation. It is an excellent text but also an excellent reference book.\"\u003cbr\u003e ––Thomas M. Porcano\u003cbr\u003e Arthur Andersen Alumni Professor of Accountancy, Miami University\u003cbr\u003e Editor of Advances in Taxation\u003c\/p\u003e \u003cp\u003e\"Larkins’s text presents all the subject areas necessary to understand the U.S. tax rules affecting foreign persons investing in the United States and U.S. persons investing overseas. The text will benefit experienced international tax practitioners as well as tax generalists seeking to learn about the international aspects of the U.S. income tax law. The illustrations are particularly useful in enabling readers to advise clients how to achieve their tax objectives and how to avoid unintended pitfalls.\"\u003cbr\u003e ––W. Theodore Kresge Jr.\u003cbr\u003e Retired International Tax Partner\u003cbr\u003e PricewaterhouseCoopers\u003c\/p\u003e \u003cp\u003e\"Professor Larkins provides a lucid and informative guide to the international provisions of U.S. tax law. The text is an effective learning tool in both substance and style and is equally useful for students being introduced to international tax for the first time or professionals seeking a concise reference guide.\"\u003cbr\u003e ––Gary McGill, PhD, CPA\u003cbr\u003e PricewaterhouseCoopers Term Professor\u003cbr\u003e University of Florida\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989445558501,"sku":"NP9780471464495","price":205.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471464495.jpg?v=1761784127","url":"https:\/\/k12savings.com\/es\/products\/international-applications-of-u-s-income-tax-law-isbn-9780471464495","provider":"K12savings","version":"1.0","type":"link"}