Fundamentals of US Corporate Taxation

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This course provides participants with an essential overview and comprehensive understanding of the US tax system, with particular emphasis on international aspects. The main focus of the course is on the cross-border issues faced by US-based and foreign-based multinationals with respect to US and foreign operations. The United States is well known for its complex income tax system. Multinational enterprises (MNEs) are faced with the complexities of different tax jurisdictions as they expand globally. To remain competitive, MNEs need to examine the US tax implications of their business strategies.

Topics Covered

  • Taxation of US multinationals with foreign operations (i.e. US outbound)
  • Taxation of foreign multinationals with US operations (i.e US inbound)
  • Other inbound and outbound rules as adopted by the Tax Cuts and Jobs Act (TCJA)
  • Double taxation relief
  • New taxes under the Inflation Reduction Act of 2022
  • US tax treaties

Learning Objectives

After completing this course, participants will be able to:

  •  Assess the tax implications of operating a business or making investments in the United States
  • Identify the structure of the US corporate tax system, including tax rates and major categories of income, deductions and credits
  • Identify the types of business entities available for use in the United States and application of US check-the-box regulations
  • Indicate the treatment of dividend payments and repatriation of earnings
  • Apply subpart F income and global intangible low-taxed income (GILTI) for US controlled foreign corporations (CFCs)
  • Apply the rules for foreign-derived intangible income (FDII)
  • Define base erosion and anti-abuse tax (BEAT)
  • List the methods applied to relieve US double taxation, including the foreign tax credit (FTC) basket system
  • Apply the newly enacted corporate alternative minimum tax (CAMT)
  • Check IRS reporting obligations for US and foreign corporations

Delivery Method and Core Study Time

Online (QAS self-study)

This course consists of 6 modules with video and rise lessons of approximately 1 hour each, recommended reading materials and assignments to help apply knowledge in practice. There will be assessments to test your overall understanding.

Field of Study


Who Should Participate

The course is suitable for practitioners in tax advisory firms, corporate tax directors and managers, accountants, attorneys and other corporate finance executives and government officials who wish to understand and examine practical solutions for the complex US domestic and international tax rules that apply to cross-border transactions and operations.


This is a beginner-level course. Participation in the course does not require prior experience or knowledge about the US international and corporate tax system.

Advance Preparation

No advance preparation is necessary. All required study material is provided within the online training.

Components of Training and Study time

The course is divided into 6 modules, that further consist of several submodules. The modules have the following components: videos, interactive lessons, recommended reading materials, assignments and assessments.

Completion Time and Requirements

The course must be completed within 2 months and can be followed and completed by dedicating a minimum of 5 hours to study per week. Study materials included in the course will be accessible for 2 months.

To benefit from the learning experience for this training, completing all mandatory components is necessary to obtain your certificate. Upon access to the learning platform, the syllabus will indicate the exact completion requirements. Please also consult the FAQ for more information.

Continuing Professional Education (CPE)

We recommend you check with your respective accrediting organizations to determine the eligibility of CPE credits. International Bureau of Fiscal Documentation (IBFD) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of CPE on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Issues regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

Please consult the FAQ for more information. Regarding administrative policies such as complaint, cancellation and refund, please refer to our Terms and Conditions or contact