Provide, on a separate page between the cover page and the Client Letter, some basic information on the company you selected, along with a brief rationale for why you selected this company. Outline, in your letter to your selected company, the source rules for income and deductions and the conditions under which income received in foreign countries may or may not be taxed in the United States.
International Taxation
For the Foreign Source Income Rules (Client Letter), choose a company that is of interest to you that operates both in the United States and internationally. Imagine that you are a CPA working to provide tax advice to this company. The company has specifically requested information on strategies that they can use to minimize the tax effects of foreign sourced income.
Instructions
Write a 1–2-page paper in which you:
1. Provide, on a separate page between the cover page and the Client Letter, some basic information on the company you selected, along with a brief rationale for why you selected this company. Note: This summary does not count toward the required page length.
2. Outline, in your letter to your selected company, the source rules for income and deductions and the conditions under which income received in foreign countries may or may not be taxed in the United States.
3. Present a proposal to the client as to how to reduce the U.S. tax impact from income received from outside the United States. Provide details to support your proposal.
4. Use at least two quality resources in this assignment. Note: Wikipedia and similar websites do not qualify as quality resources.
The specific course learning outcome associated with this assignment is:
• Create a proposal for implementing strategies that reduce the U.S. tax impact of foreign sourced income.