WORKSHOPINSTRUCTOR:Jim HemeltBloomberg BNAArlington, VA

FACULTY:Jon Brian DavisIvins Phillips & Barker ChtdWashington, DC

Adam HalpernFenwick & West LLPMountain View, CA

Matthew HarrisonPricewaterhouseCoopers LLPMcLean, VA

Meg HoganKPMG LLPWashington, DC

Josh KaplanKPMG LLPWashington, DC

Jennifer MolnarSutherland LLPWashington, DC

Lucy MurphyPricewaterhouseCoopers LLPMcLean, VA

Joe SealesKPMG LLPWashington, DC

Caren SheinKPMG LLPWashington, DC

Tim ShieldsPricewaterhouseCoopers LLPMcLean, VA

U.S. INTERNATIONAL TAX COMPLIANCE WORKSHOPMay 4 & 5, 2015 • Bloomberg BNA Conference Center • Arlington, VA

Join us for a two-day beginner to intermediate course with live group instruction on the international tax reporting requirements faced by U.S. shareholders regarding their foreign investments. This new hands on workshop has been designed to discuss the various forms (e.g. Form 5471, 8858, 8865) and the additional information that U.S. shareholders must disclose regarding their foreign subsidiary investments and cross border transactions (e.g. liquidations).

Benefi ts of Attending:•Discuss the overall requirements of the various U.S. outbound international tax forms

(e.g. Forms 5471, 8858, 8865) required of U.S. shareholders for their foreign investments•Understand the calculation and signifi cance of the amounts contained in calculating a

corporation’s foreign tax credit form (Form 1118) •Explain the proper reporting of cross border transactions (e.g. Form 5471 Schedule O, Form 926)

and the relevance of the white paper disclosure of transactions required under IRC Section 6038B•And more!

Earn Up to 15 CPE/CLE Credits NEW WORKSHOP>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

THE DYNAMICS OF FOREIGN EARNINGS AND PROFITSMay 6 & 7, 2015 • Bloomberg BNA Conference Center • Arlington, VA

Join us for this two-day intermediate to advanced-level course with live group instruction on the detail of calculating and planning with the earnings and profi ts of foreign subsidiaries.

After attending this event, participants will be able to:•Describe the interaction of E&P and Subpart F income inclusions•Describe the challenges and pitfalls in calculating Section 987 gain and loss and

their relevance in E&P calculations•Explain the important role that comprehensive E&P calculations and supporting

documentation play in foreign repatriation planning•And more!

Earn Up to 15 CPE/CLE Credits UPDATED FOR 2015

BUY BOTH PROGRAMS & SAVE!$340 off when you register for both programs at the same time!

: : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : :These unique courses are offered exclusively by Bloomberg BNAFor more information, call 800.372.1033 or visit www.bna.com/taxevents: : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : :

DAY TWO8:00 AM Continental Breakfast

8:30 AM Foreign Tax Credit – Form 1118•Overview of foreign tax credit calculations•Reporting of interest and R&D apportionment disclosure•Reporting of separate baskets and foreign tax credit limitation

•Flow through of dividends from lower tier subsidiaries

10:30 AM Break for Refreshments

10:45 AM Reporting of Transactions•Requirements for reporting of cross border transactions, e.g. liquidations, reorganizations

•Discussion of the required Form 5471, Schedule O disclosure of the type and nature of the transaction

•Review of the applicable S 367 disclosure regarding the carryover of tax attributes, e.g. E&P, following a reorganization transaction

12:30 PM Luncheon

1:30 PM Continued Discussion of Transactions Involving Schedules O and P•Review of transactions invoking contributions to corporations and partnerships and the required disclosure on Schedules O and P of the Forms 5471 and 8865

•Discussion of information required on Form 926 and review of additional white paper disclosure required under IRC Sections 6038B and 6046A

3:00 PM Wrap Up / Question and Answer Session

3:15 PM Conference Concludes

Times/topics/speakers subject to change. ©2015 The Bureau of National Affairs, Inc. All rights reserved.

All paid attendees will receive the Bloomberg BNA Portfolio:

#947: Reporting Requirements Under the Code for International Transactions (a $400 value)

*One Portfolio per paid attendee.Quantities are limited.

U.S. INTERNATIONALTAX COMPLIANCE WORKSHOPMay4&5,2015•BloombergBNAConferenceCenter•Arlington,VA

www.bna.com/taxevents Workshop Instructor: Jim Hemelt, Bloomberg BNA

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DAY ONE8:00 AM Registration and Continental Breakfast

8:30 AM Introduction and Overview of InternationalCompliance Tax Forms•Overview of Forms 5471, 8858, and 8865 and general filing requirements

•Categories of filers•Penalties for non-filing•Procedure for “dormant” filing•Review of applicable foreign exchange rate requirements

10:15 AM Break for Refreshments

10:30 AM Form 5471•Review of overall requirements for income statement and balance sheet

•Earnings and profits adjustments and tracking (Schedules H and J)

•Identification and calculation of Subpart F and S. 956 income inclusions (Schedule I)

•Reporting of intercompany transactions (Schedule M)

12:15 PM Luncheon

1:15 PM Form 8858•Overall methodology for completion of the form•Identification of tax owners of foreign disregarded entities•Review of methodologies for calculating the income of a foreign branch

•Overview discussion of the foreign exchange gain or loss calculation

2:45 PM Break for Refreshments

3:00 PM Form 8865•Overview of the reporting requirements for foreign partnerships: income statement, balance sheet and separately stated items

•Identification of trade or business and other income items (e.g. capital gains and losses)

•Review of separately stated income / deduction items in Form 8865, Schedule K-1

4:30 PM Form 8621•Review of general filing requirements for passive foreign investment companies (Form 8621)

•Mechanics of making the Qualified Electing Fund (QEF) election

5:15 PM Conference Adjourns for the Day

BUY BOTH PROGRAMS & SAVE!$340 off when you register for both programs at the same time!

: : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : :For more information, call 800.372.1033 or visit www.bna.com/taxevents: : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : :

DAY ONE8:00 AM Registration and Continental Breakfast

8:45 AM Welcome and Introduction

9:00 AM Overview of Earnings and Profits•Determining the status of distributions•Subpart F income limitations•Calculations deemed paid foreign tax credits

10:15 AM Break for Refreshments

10:30 AM Earnings Profits Details•Elections under Section 964•Foreign tax credit baskets/earnings and profits pools/translating

•PTI ordering rules and exchange gain•Pre 87 and Post 86 issues

12:30 PM Luncheon

1:30 PM E&P’s Impact Upon Calculations•The relevance of E&P Limitations as affecting Subpart F income inclusions

•Recapture/re-basketing after deficit•Nimble dividend issues•High tax exemption calculation

3:00 PM Break for Refreshments

3:15 PM Calculating the E&P of a Branch•Translating branch income/expense•Functional currency implications•Calculating Section 987 gain and loss•Current status of applicable regulations

5:00 PM Conference Adjourns for the Day

CPE/CLE CREDITS AVAILABLEBloomberg BNA is registered with the National Association of the State Boards of Accountancy as a sponsor of continuingprofessional education on the National Registry of CPE sponsors. State Boards of Accountancy have final authority on the accep-tance of individual courses. Complaints regarding registered sponsors may be addressed to NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417.

Bloomberg BNA will apply for continuing legal education credits in any state or jurisdiction where available. For more information, please contact Bloomberg BNA customer service at 800.372.1033 and ask to speak to the CLE Accreditations Coor-dinator, or email us at accreditations@bna.com.

DAY TWO8:00 AM Continental Breakfast

8:45 AM Transactions: The Impact Upon Earnings & Profits•Repatriation planning: the E&P factor in repatriation transactions

•Impact of those transactions on the foreign subsidiary earnings and profits as regarding the earnings and profits, impact of foreign tax credits upon future distributions

•Hovering deficit implications•Impact of Section 304 transactions

10:30 AM Break for Refreshments

10:45 AM Transactions: The Impact Upon Earnings & ProfitsContinued

12:15 PM Luncheon

1:00 PM Managing Earnings & Profits WithAccounting Methods •Impact of accounting methods on earnings and profits•Timing of recognition of income/deferral•Adopting/changing methods

2:30 PM Reporting Earnings & Profits •Review of form 5471, Schedule J•Reporting of transactions•Detail of supporting detail information

3:30 PM Question and Answer Session

3:45 PM Conference Concludes

Times/topics/speakers subject to change©2015 The Bureau of National Affairs, Inc. All rights reserved.

All paid attendees will receive the Bloomberg BNA Portfolio:

#932-2nd: Foreign CorporationEarnings and Profits (a $400 value)

*One Portfolio per paid attendee.Quantities are limited.

THE DYNAMICS OF FOREIGNEARNINGS AND PROFITSMay6&7,2015•BloombergBNAConferenceCenter•Arlington,VA

www.bna.com/taxevents>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

BUY BOTH PROGRAMS & SAVE!$340 off when you register for both programs at the same time!

: : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : :For more information, call 800.372.1033 or visit www.bna.com/taxevents: : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : :

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

FIVE EASY WAYS TO REGISTER:

Name

Title

Organization

Address

City State Zip

Telephone Fax

E-mail

Card No.

V-code Card exp. /Billing Zip Card Expiration Date

Signature

U.S. International Tax Compliance Workshop TMC246

$1195 Early Registration (up to 1 month prior to course) $1395 Registration (within 1 month of course)

The Dynamics of Foreign Earnings & Profits TMC257 $1395 Early Registration (up to 1 month prior to course) $1495 Registration (within 1 month of course)

Method of PaymentAll credit cards converted to and billed in U.S. dollars (USD).

Check enclosed payable to Bloomberg BNA Credit card payment: MasterCard Visa AmEx Discover

All credit cards will be processed at current U.S. conversion rates

E-MAIL:customercare@bna.com

WEB: www.bna.com/taxevents

TELEPHONE:800.372.1033

FACSIMILE:800.253.0332

MAIL:Bloomberg BNA’s Customer Contact Center3 Bethesda Metro Center, Suite 250Bethesda, MD 20814-5377USA

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HARDSHIP POLICYBloomberg BNA offers a hardship policy for CPAs and other tax and accounting professionals who wish to attend our live conference and seminars. Individuals must earn less than $50,000 annually in order to qualify. For individuals who are unemployed or earning less than $35,000 per year, a full discount off the price of registration for the program will be awarded. Individuals earning between $35,000 and $50,000 per year will receive a 50% discount off the price of the program.

If an individual wishes to submit a case for hardship, he or she must contact Bloomberg BNA directly at accreditations@bna.com. Please include the following information with your request: complete contact information, program for which a hardship reduction is being requested, requested amount for hardship reduction, and reason for applying for hardship. Please note that requests will not be considered until 30 days from the program date and that individuals may only apply for a hardship reduction once within a 12-month period. Bloomberg BNA reserves the right to make a final determination on a case-by-case basis. Our decision for granting a hardship is final and submission does not constitute acceptance.

CONFERENCE LOCATIONSBloomberg BNA1801 S. Bell St., Arlington, VA 22202Tel.: 800.372.1033

Hotel accommodations are at your own discretion. We suggest the following:

The Westin Crystal City1800 Jefferson Davis Hwy, Arlington, VA 22202Tel: 703.486.1111

Crystal City Marriott at Reagan National Airport1999 Jefferson Davis Hwy, Arlington, VA 22202Tel: 703.413.5500

CANCELLATION POLICYIf you are unable to attend this event, you may: transfer your registration to another person from your company for the same event; or transfer your registration to a substitute event listed on our web site. In either instance, there will be no charge or penalty for substitution.

To request a transfer, contact customercare@bna.com with the new attendee or substitute event information more than 5 busi-ness days prior to the conference start date. On the first day of the event, absent attendees will be considered “no shows” and will not be eligible for a refund, transfer, or substitute event. Cancel-lations must be made in writing to customercare@bna.com more than 5 business days before the event and will be assessed a $350 conference setup fee. Cancellations will not be accepted if notice is received fewer than 5 business days before the event. For more information regarding administrative policies, complaints and cancellations, please contact us at 800.372.1033, or e-mail customercare@bna.com.

FEE INCLUDESContinental breakfasts, lunches, refreshment breaks,Bloomberg BNA Portfolio and course materials in electronic format.

Contact Bloomberg BNA about discounts for three or more registrants from the same company

REGISTEREARLY & SAVE!

BUY BOTH PROGRAMS & SAVE!Cannot be transferred or combined with other discounts.

$2250 Early Registration (up to 1 month prior to course) $2550 Registration (within 1 month of course)

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U.S. INTERNATIONAL TAX COMPLIANCE WORKSHOPMay4&5,2015•BloombergBNAConferenceCenter•Arlington,VA

: : : : : : : : : : : : : : : : : : : : : : : :NEW WORKSHOP!: : : : : : : : : : : : : : : : : : : : : : : :

WHY YOU SHOULD ATTENDBloomberg BNA has developed a new hands-on workshop to provide U.S. outbound international tax practitioners with training to thor-oughly comply with the reporting of foreign earnings set forth in the IRS forms 5471, 8865, and 8858, as well as the foreign tax credit information set forth on the Form 1118. As the number of foreign entities owned by U.S. multinationals has increased so has the IRS scrutiny of the reporting of the earnings information of those entities. The nature of the reporting is oftentimes very complex and therefore the need to adequately understand the forms and their requirements is very important. This course uses a hands-on approach, directly working with the forms, to focus exclusively on the issues contained in properly reporting the identifying information, the foreign entity income

statement, balance sheet, E&P adjustments, etc. In addition, the course discusses the various reporting requirements for cross border transactions (e.g. Form 926, Form 5471 Schedule O).

WHO SHOULD ATTENDThis course is an introductory course regarding the preparation and review of the U.S. international tax compliance forms. This program is transitional which is appropriate for newly admitted attorneys. This program is designed for VPs of tax and accounting, corporate tax directors, corporate tax managers, tax accounting managers and su-pervisors, and tax professionals who work in the area of international tax compliance. No prerequisite is required for this course.

All paid attendees will receive the Bloomberg BNA Portfolio:#947: Reporting Requirements Under the Code forInternational Transactions (a $400 value)*One Portfolio per paid attendee. Quantities are limited.

Earn Up to 15 CPE/CLE Credits

THE DYNAMICS OF FOREIGN EARNINGS AND PROFITSMay6&7,2015•BloombergBNAConferenceCenter•Arlington,VA

: : : : : : : : : : : : : : : : : : : : : : : : : :UPDATED FOR 2015!: : : : : : : : : : : : : : : : : : : : : : : : : :

WHY YOU SHOULD ATTENDThis two-day course provides a comprehensive seminar discussion on calculating foreign earnings and profi ts. The basics of classifying distributions will be covered along with the methodologies employed to perform the calculations, e.g. the availability of Section 964 elec-tions. This seminar explores E&P’s impact upon other tax calcula-tions and tax planning, such as the calculation of Subpart F income inclusions and the relevance of a “nimble” dividend inclusion. Such calculations are a vital component of any multinational’s tax planning, particularly where profi t repatriation from foreign subsidiaries is re-

quired. Our speakers have experience in these areas and this two day course is vital for any tax professional working in U.S. interna-tional tax planning and compliance.

WHO SHOULD ATTENDThis seminar is intended for corporate tax directors and managers, accountants and CPAs, attorneys and other corporate fi nance ex-ecutives. An introductory course or its equivalent is recommended prior to attending this intermediate level program. This program is nontransitional which is appropriate for experienced attorneys.

All paid attendees will receive the Bloomberg BNA Portfolio:#932-2nd: Foreign Corporation Earnings and Profi ts (a $400 value)*One Portfolio per paid attendee. Quantities are limited.

Earn Up to 15 CPE/CLE Credits

BUY BOTH PROGRAMS & SAVE!$340 off when you register for both programs at the same time!

: : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : :For more information, call 800.372.1033 or visit www.bna.com/taxevents: : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : :

Bloomberg BNA’s Customer Contact Center3 Bethesda Metro Center, Suite 250Bethesda, MD20814-5377

U.S. INTERNATIONAL TAX COMPLIANCE WORKSHOPMay 4 & 5, 2015 • Bloomberg BNA Conference Center • Arlington, VA>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

THE DYNAMICS OF FOREIGN EARNINGS AND PROFITSMay 6 & 7, 2015 • Bloomberg BNA Conference Center • Arlington, VA

::::::::::::::::::::::::::::::::::::::BUY BOTH PROGRAMS & SAVE!::::::::::::::::::::::::::::::::::::::

$340 off when you registerfor both programs atthe same time!