Did you know that ONESOURCE Income Tax has a comprehensive system for simplifying U.S. tax computations derived from international operations? Integrated tax calculation areas lead you through the tax return process, determining foreign earnings and profits, U.S. income inclusions, deemed paid credits and the Foreign Tax Credit.
In this complimentary webcast, get an introduction to the international module of ONESOURCE Income Tax. In this webcast we highlight:
- Currency conversion - Convert local currency balances to functional currency and functional currency balances to U.S. dollars
- Working Trial Balance - Review Book to Tax adjustments, balances and cumulative historical tax adjustments in one workpaper in Local, Functional and U.S. dollar currencies
- Income Sourcing and Foreign Tax Credit calculations - Income allocation, expense apportionment & look-through transactions
- Data transfer to Forms 5471, 8858, 8865 and 1118 - Choose to auto transfer foreign inclusion data to U.S. shareholders and foreign partnership data to partner's K-1 schedule
Plus, hear from a current user of the international module of ONESOURCE Income Tax to see how they are gaining benefits for their tax department.
Speaker: Sangeeta Daiya, International Services Manager, ONESOURCE Income Tax