Solution Manuel
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 Unchanged 1 2 LO 1 Worldwide income Unchanged 2 3 LO 2 Tax treaties New 4 LO 3 Sourcing of income New 5 LO 3 Sourcing of income Unchanged 5 6 LO 3 Section 482 Unchanged 6 7 LO 4 Foreign currency New 8 LO 4 QBUs New 9 LO 4 Section 988 gain or loss New 10 LO 5 Section 367 New 11 LO 5 Foreign Corporation New 12 LO 5 CFC status New 13 LO 5 CFC status Unchanged 13 14 LO 5 Definition of CFC Unchanged 14 15 LO 5 Foreign tax credit limitation New 16 LO 5 Foreign tax credit or deduction New 17 LO 5 Section 902 credit Modified 16 18 LO 5 Foreign tax credit (FTC) issues Unchanged 18 19 LO 5 FTC baskets of income New 20 LO 6 Inbound taxation New 21 LO 3, 6 U.S. taxation of foreign corporation Modified 21 22 LO 3, 6 Inbound versus outbound activities Unchanged 22 23 LO 1, 3, 5 Worldwide taxation and the FTC Modified 23 24 LO 4, 5 Deferral of foreign income Modified 24 *25 LO 3 Income sourcing Modified 25 26 LO 3 Income sourcing Modified 26 *27 LO 3 Income sourcing Modified 27 *28 LO 3, 6 Income sourcing Modified 28
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 Unchanged 1 2 LO 1 Worldwide income Unchanged 2 3 LO 2 Tax treaties New 4 LO 3 Sourcing of income New 5 LO 3 Sourcing of income Unchanged 5 6 LO 3 Section 482 Unchanged 6 7 LO 4 Foreign currency New 8 LO 4 QBUs New 9 LO 4 Section 988 gain or loss New 10 LO 5 Section 367 New 11 LO 5 Foreign Corporation New 12 LO 5 CFC status New 13 LO 5 CFC status Unchanged 13 14 LO 5 Definition of CFC Unchanged 14 15 LO 5 Foreign tax credit limitation New 16 LO 5 Foreign tax credit or deduction New 17 LO 5 Section 902 credit Modified 16 18 LO 5 Foreign tax credit (FTC) issues Unchanged 18 19 LO 5 FTC baskets of income New 20 LO 6 Inbound taxation New 21 LO 3, 6 U.S. taxation of foreign corporation Modified 21 22 LO 3, 6 Inbound versus outbound activities Unchanged 22 23 LO 1, 3, 5 Worldwide taxation and the FTC Modified 23 24 LO 4, 5 Deferral of foreign income Modified 24 *25 LO 3 Income sourcing Modified 25 26 LO 3 Income sourcing Modified 26 *27 LO 3 Income sourcing Modified 27 *28 LO 3, 6 Income sourcing Modified 28