CITE
News/Resources CITE Member Login Links
Home Conference
Calendar		 CITE
Programs		 Programs in Canada In-House Programs CITE
Membership		 Course
Materials		 Registration & Discounts About
CITE		 CPE/CLE
Credits

Questions from Attendees
add a question

Q:

 I attended the distant learning course in Denver regarding the Extraterritorial Income (ETI) Exclusion.  At the end of the handout (slide 39) for the "Understanding the New Rules for Calculating Qualifying Foreign Trade Income", there is an example of a calculation of Net Foreign Source Income for foreign tax credit purposes under Sec. 863(b).  The slide shows a rather large adjustment to income considered foreign source (25% of FTI) when utilizing the ETI exclusion..... Full question and answer

 

Q:

 Dan Doiron, CPA, CVA, with Albin, Randall & Bennett, CPAs, in Lewiston, ME, is a past attendee at FDTA conferences and ordered a videotape of the recently held FSC and ETI video conference.  Dan asks:  Can you let me know when the IRS will issue Form 1120-FSC for the year 2000?  I presume one will be issued, but if you could provide some insight via return email, I would appreciate it... Full question and answer

 

Q:

Vic King from Houston, TX , attended an FDTA conference in Houston about a year ago, and has followed the new legislation with great interest.  Vic asks:  

          “I was recently informed that the IRS is coming out with several Revenue Procedures in the near future, to clarify some of the Extraterritorial Income Exclusion provisions.   Have you heard anything about this?  Do you know what the procedures will address and when they expect to release them?.... Full question and answer