U.S. International Tax Reporting & Compliance Seminar

Council for International Tax Education (CITE)
August 4-5, 2008

Douglas Stransky presented on the topic "Expense Apportionment for Foreign Tax Credit Purposes" including how expense apportionment affects foreign tax credit and export tax benefits; understanding key definitions for class of income, statutory and residual groupings and gross income apportionment; application of expense apportionment to interest and research expense – treatment of stewardship, state tax and charitable deductions; and adopting a plan of apportionment for sales, general and administrative expense.