On the BEAT - Base Erosion and Anti-Abuse Tax   New

Upon successful completion of this course, the user should be able to:

• recognize the purpose of the BEAT regime and its role in addressing base-eroding payments to foreign related parties;

• identify the gross receipts threshold and base erosion percentage used to determine whether a corporation is an applicable BEAT taxpayer;

• recognize the types of payments that qualify as base erosion payments and the resulting base erosion tax benefits;

• determine a corporation's base erosion percentage using deductible amounts and identified base erosion tax benefits;

• identify the steps involved in computing modified taxable income and comparing the BEAT minimum tax to the regular tax; and

• recognize the basic BEAT reporting requirements, including the purpose and key components of Form 8991.