V2-SM_ch 09

V2-SM_ch 09 - CHAPTER 9 TAXATION OF INTERNATIONAL...

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CHAPTER 9 TAXATION OF INTERNATIONAL TRANSACTIONS SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Learning Present in Prior Problem Objective Topic Edition Edition 1 LO 1 Worldwide income New 2 LO 1 Worldwide income New 3 LO 2 Tax treaties Unchanged 1 4 LO 3 Sourcing of income Unchanged 2 5 LO 3 Sourcing of income Unchanged 3 6 LO 3 Section 482 Unchanged 4 7 LO 4 Foreign currency Unchanged 5 8 LO 4 QBUs Unchanged 6 9 LO 4 Section 988 gain or loss Unchanged 7 10 LO 5 Section 367 Unchanged 8 11 LO 5 Foreign Corporation Unchanged 9 12 LO 5 CFC status Unchanged 10 13 LO 5 CFC status Unchanged 11 14 LO 5 Definition of CFC New 15 LO 5 Foreign tax credit limitation New 16 LO 5 Section 902 credit New 17 LO 5 Foreign source losses New 18 LO 5 Foreign tax credit (FTC) Unchanged 12 19 LO 5 Section 78 gross up Unchanged 13 20 LO 6 FIRPTA Unchanged 14 21 LO 3, 6 U.S. taxation of foreign corporation Unchanged 15 22 LO 3, 6 Inbound versus outbound activities Unchanged 16 23 LO 1, 3, 5 Worldwide taxation and the FTC Unchanged 17 24 LO 4, 5 Deferral of foreign income New *25 LO 3 Income sourcing Unchanged 18 26 LO 3 Income sourcing Unchanged 19 *27 LO 3 Income sourcing Unchanged 20 *28 LO 3, 6 Income sourcing Unchanged 21 29 LO 3 Income sourcing New 30 LO 3 Income sourcing New 31 LO 3 Interest expense allocation New 32 LO 3 Interest expense allocation Unchanged 22 33 LO 4 Foreign exchange gain or loss Unchanged 23 34 LO 4 QBUs and functional currency Unchanged 24 Instructor : For difficulty, timing, and assessment information about each item, see p. 9-3. 9-1
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9-2 2011 Corporations Volume/Solutions Manual Status: Q/P Question/ Learning Present in Prior Problem Objective Topic Edition Edition 35 LO 4 QBUs and functional currency Unchanged 25 36 LO 4 QBUs and functional currency Unchanged 26 37 LO 4, 6 Foreign exchange: branch income Unchanged 27 38 LO 4, 5 Foreign exchange gain or loss Unchanged 28 39 LO 5 Section 367 Unchanged 29 40 LO 5 Section 367 New 41 LO 5 Section 367 New 42 LO 5 Section 367 Unchanged 30 43 LO 5 Section 367 Unchanged 31 44 LO 5 Definition of a CFC New 45 LO 5 Subpart F income Unchanged 32 46 LO 5 Pro rata share of CFC income Unchanged 33 47 LO 5 PFIC Unchanged 34 *48 LO 5 Foreign tax credit (FTC) Unchanged 35 49 LO 5 Foreign tax credit limit Unchanged 36 50 LO 5 Foreign tax credit limit Unchanged 37 51 LO 5 Foreign tax credit limit New 52 LO 5 Deemed paid foreign tax credit New 53 LO 5 Deemed paid foreign tax credit New 54 LO 5 Deemed paid foreign tax credit New 55 LO 5 Deemed paid foreign tax credit New 56 LO 5 Foreign tax credit limit Unchanged 38 *57 LO 5 Foreign tax credit (FTC) Unchanged 39 58 LO 5 Foreign tax credit (FTC) Unchanged 40 59 LO 5 Foreign source losses (FTC) Unchanged 41 60 LO 5 Section 902 credit and withholding tax Unchanged 42 61 LO 5 Indirect FTC Unchanged 43 *62 LO 5 Foreign tax credit (FTC) Unchanged 44 63 LO 4, 5 Measuring deemed-paid taxes in foreign Unchanged 45 currency 64 LO 5 Losses and FTC Unchanged 46 65 LO 3, 4, 5
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This note was uploaded on 11/13/2010 for the course BT 315 taught by Professor Smith during the Spring '10 term at Ohio State.

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V2-SM_ch 09 - CHAPTER 9 TAXATION OF INTERNATIONAL...

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