Course: Proposed Rule on Profits and Related Basis Adjustments based on this document from the Federal Register: https://www.govinfo.gov/content/pkg/FR-2024-12-02/pdf/2024-27227.pdf This document contains proposed regulations regarding previously taxed earnings and...
IRS Final Regulations: Digital & Cloud Transaction Classification
Navigate the complexities of the IRS’s final regulations on digital content and cloud transactions. This course covers the replacement of the de minimis rule with a predominant character rule, key classification issues, and sourcing rules for digital content. Participants will gain essential insights to ensure compliance with international tax provisions.
In this course you will learn the following:
* Understand the new classification rules for digital content and cloud transactions.
* Identify the predominant character of transactions involving digital content.
* Apply the sourcing rules for sales of copyrighted articles transferred through electronic media.
* Recognize the implications of non-compliance with the final regulations.
Additional information
| Federal Register Title | Classification of Digital Content Transactions and Cloud Transactions. Document Number: 2024-31372 |
|---|---|
| Course SKU | FR-25-339-1 |
| Why This Course Is Important | Participants lacking this course may miss out on critical insights into recent IRS regulations, risking non-compliance and potential financial penalties in digital content and cloud transactions. |