Course

Unit 1

Introduction to International Tax
Taxes and Tax Systems – Definition and Classification of Taxes – Federal and Local Level Taxes
– Direct and Indirect Taxes.

Unit 2

Principles of International Tax Law
OECD Model Tax Convention – Resident Tax – Double Taxation – Transfer Pricing and its methods

Unit 3

Introduction to US Federal Income Tax
Introduction to Internal Revenue Service – Basics of Tax and US Income Tax – Types of Tax Payers in US Taxation – Types of Business Entities in US Taxation.

Unit 4

US Federal Income Tax Forms
Introduction to various forms used for income tax preparation – Individual Income Tax Form 1040 and its schedules – Business Entity Forms – 1065, 1041, 1120 and its series – Payroll Taxes Form – 940, 941,942, 943, 944, 945.

Unit 5

State and Local Tax (SALT) in US Taxation
Introduction to SALT in US Taxation – States in the US – SALT Deductions – Deduction for Income Tax – Deduction for Sales Tax – Deduction for Property Tax – Taxes not covered by SALT Deduction.

1. https://www.oecd.org/ctp/treaties/articles-model-tax-convention- 2017.pdf https://www.irs.gov/forms-pubs/ebook -IRS Official Site for e-Books
2. U.S. Federal Income Taxation of Individual s2023 – Deborah A Geier https://taxfoundation.org/taxedu/glossary/salt-deduction/-SALT