Introduction to U.S.International TaxJune 23 & 24, 2014 • San Francisco, CA • Morgan Lewis Conference CenterAugust 18 & 19, 2014 • Minneapolis, MN • Minneapolis Marriott City CenterSeptember 15 & 16, 2014 • Houston, TX • Gardere Wynne Sewell Conference Center

This basic level course with live group instruction will focus on fundamental tax issues involving U.S. international tax for tax and non-tax professionals.

Earn Up to 16 CPE/CLE Credits

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Intermediate U.S.International Tax UpdateJune 25-27, 2014 • San Francisco, CA • Morgan Lewis Conference CenterAugust 20-22, 2014 • Minneapolis, MN • Minneapolis Marriott City CenterSeptember 17-19, 2014 • Houston, TX • Gardere Wynne Sewell Conference Center

This intermediate level course with live group instruction will address the latest U.S. international tax issues facing multinationals doing business overseas.

Earn Up to 20 CPE/CLE Credits

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

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

FACULTYCraig E. BarrereMorgan Lewis LLP

Bart BassettMorgan Lewis LLP

Alan CathcartKPMG LLP

Fred ChiltonMcDermott Will & Emery LLP

Zach JonesFenwick & West LLP

Rod DonnellyMorgan Lewis LLP

Tim FitzgibbonPWC LLP

Adam HalpernFenwick & West LLP

Jill HardingAlvarez and Marsal LLP

Wuy KimPWC LLP

Dominika KorytekBaker & McKenzie LLP

Tamara LevinBaker & McKenzie LLP

Paula LevyBaker & McKenzie LLP

Jennifer MolnarSutherland LLP

Joe MyszkaBaker & McKenzie LLP

Idan NetserFenwick & West LLP

Ian SiuBaker & McKenzie LLP

William SkinnerFenwick & West LLP

Gower SuenPWC LLP

Kent WisnerAlvarez and Marsal LLP

Day One7:30 AM Registration and Continental Breakfast8:30 AM Chairpersons Introduction &

Choice of Entities and Use ofTreaties to Minimize Foreign Tax

9:45 AM Understanding the Source Rules forDetermining Foreign Source Income•Sourcing income from sales of personal property, inventory property, U.S. manufactured export property, and foreign manufactured import property

10:45 AM Break for Refreshments11:00 AM Allocating and Apportioning

Expenses for Computing ForeignSource Taxable Income•Understanding the general allocation and apportionment rules of Reg. Sec. 1.861-8

•Key definitions in applying the apportionment rules – classes of income, types of expenses, statutory vs. residual groupings, and gross-to-gross method of apportionment

12:00 PM Luncheon1:00 PM Direct & Indirect Foreign Tax

Credit and How the Foreign Tax Credit Mechanism Operates•How the IRS taxes foreign income earned by a U.S. corporation – what constitutes a creditable foreign levy

2:30 PM Working with the ForeignTax Credit Limitation Formula•Utilizing foreign tax credits on dividends from first-through sixth-tier foreign corporation – interrelationship with the expense apportionment rules

•Applying the related party look-through rules for dividend and interest payments

3:45 PM Break for Refreshments4:00 PM How the U.S. Taxes Outbound

Transfers of Property•Treatment of outbound asset transfers in non-recognition transactions

•Outbound stock transfers5:30 PM Seminar Adjourns for the Day

Day Two7:30 AM Continental Breakfast8:15 AM Section 956 – Investment in U.S. Property

•Overview of Sec. 956 and mechanics of deemed income inclusion

•Definition of United States property9:30 AM Break for Refreshments9:45 AM How the U.S. Subpart F Rules Operate

•Purpose and scope of anti-deferral under Subpart F•Categories of Subpart F income and planning responses

10:45 AM Transfer Pricing Under Sec. 482•General issues surrounding transfer pricing under Sec. 482

•Intercompany transfer of goods•Intercompany transfer of services•Intercompany loans•Intercompany licensing•Cost sharing arrangements

12:00 PM Luncheon1:00 PM Computing E&P for Cross-Border Purposes

•Determining E&P – adjustments to “domestic” E&P and currency – translation issues

•Importance of E&P in U.S. tax planning for foreign operations – foreign tax credits, Subpart F, etc.

2:15 PM Interrelationship with theTax Accounting Rules (ASC 740)

3:30 PM Seminar Concludes

Times/topics/speakers subject to change©2014 The Bureau of National Affairs, Inc. All rights reserved

Earn Up to 16 CPE/CLE Credits

Introduction to U.S. International TaxJune23&24,2014•SanFrancisco,CA•MorganLewisConferenceCenterAugust18&19,2014•Minneapolis,MN•MinneapolisMarriottCityCenterSeptember15&16,2014•Houston,TX•GardereWynneSewellConferenceCenterwww.bna.com/taxseminars

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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/taxseminars: : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : :

Day One Session A-Overview:

8:00 AM Registration and Continental Breakfast

8:55 AM Chairman’s Introduction & Overview

9:00 AM Doing Business Overseas, Choice ofEntities & Overlay of Treaties

10:00 AM Break for Refreshments

Session B-Doing Business Abroad in Corporate Form:

10:15 AM Outbound Asset Transfers to aForeign Corporation – Section 367(a) and Section 367(d)

11:30 AM International Mergers & Acquisitions

12:45 PM Luncheon

1:45 PM Dispositions of Controlled ForeignCorporation Stock – Section 1248

3:00 PM Break for Refreshments

Session C-Doing Business Abroad in Branch or Partnership Form:

3:15 PM Dual Consolidated Losses

4:30 PM Question & Answer Session

4:45 PM Seminar 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 TwoSession D-Subpart F:

7:30 AM Continental Breakfast

8:00 AM Subpart F – General Overview and Section 959

9:15 AM Foreign Base Company Income – Section 954

10:15 AM Break for Refreshments

10:30 AM Section 956 Investments inUnited States Property

11:30 AM Functional Currency Rules – 986-989

12:30 PM Luncheon

Session E-Foreign Tax Credits:

1:30 PM Sections 861-65 IncomeSourcing & Expense Allocation

2:45 PM Break for Refreshments

3:00 PM Direct & Indirect Foreign Tax Credits

4:30 PM Section 904 Limitation

5:45 PM Seminar Adjourns for the Day

Day ThreeSession F-Transfer Pricing:

7:30 AM Continental Breakfast

8:15 AM Overview – Transfer Pricing

9:30 AM Intercompany Services

10:45 AM Break for Refreshments

11:00 AM New Cost-Sharing Rules

12:30 PM Seminar Concludes

Times/topics/speakers subject to change©2014 The Bureau of National Affairs, Inc. All rights reserved

Earn Up to 20 CPE/CLE Credits

Intermediate U.S. International Tax UpdateJune25-27,2014•SanFrancisco,CA•MorganLewisConferenceCenterAugust20-22,2014•Minneapolis,MN•MinneapolisMarriottCityCenterSeptember17-19,2014•Houston,TX•GardereWynneSewellConferenceCenterwww.bna.com/taxseminars

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SPONSORSHIP OPPORTUNITIES ARE AVAILABLEContact Bloomberg BNA at customercare@bna.com or call 800.372.1033

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

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FIVE EASY WAYS TO REGISTER:

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Introduction to U.S. International TaxJune 23 & 24, San Francisco August 18 & 19, MinneapolisSeptember 15 & 16, Houston

$1395 Early Registration (up to 1 month prior to course) $1495 Registration (within 1 month of course)

Intermediate U.S. International Tax UpdateJune 25-27, San Francisco August 20-22, MinneapolisSeptember 17-19, Houston

$1495 Early Registration (up to 1 month prior to course) $1595 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/taxseminars

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.

CANCELLATION POLICYIf you are unable to attend this event, you may: transfer your registra-tion 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 business 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. Cancellations 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.

CONFERENCE LOCATIONSMorgan Lewis Conference Center – Tel.: 415.442.10001 Market Street, San Francisco, CA 94105Hotel accommodations are at your own discretion.We suggest the following:Hyatt Embarcadero – Tel.: 415.788.12345 Embarcadero Center, San Francisco, CASheraton Palace – Tel.: 415.512.11112 New Montgomery St, San Francisco, CA

Minneapolis Marriott City Center – Tel.: 612.349.400030 South 7th Street, Minneapolis, MN 55402Limited time and number of reduced rate rooms: $216.00 per nightOur block of discounted sleeping rooms in Minneapolis is limited, so please reserve your sleeping room early! We cannot guarantee rates or availability. Please contact the hotel and mention that you are attending the course listed under Bloomberg BNA. This limited-time discounted rate will be available up to 30 days prior to the meeting, or until the group block is sold-out, whichever comes first. Please note: your sleeping room is not included inthe registration fee.

Gardere Wynne Sewell Conference Center – 713.276.55001000LouisianaSt#3400,Houston,TX77002Hotel accommodations are at your own discretion. We suggest the following:Doubletree Downtown – Tel.: 713.759.0202400DallasSt.,Houston,TXHyatt Regency Houston – Tel.: 713.654.12341200LouisianaSt.,HoustonTX

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

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

$2550 Early Registration (up to 1 month prior to course) $2750 Registration (within 1 month of course)June 23-27, San Francisco, CA August 18-22, Minneapolis, MNSeptember 15-19,2014,Houston,TX

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Introduction to U.S. International TaxJune23&24,2014•SanFrancisco,CA•MorganLewisConferenceCenterAugust18&19,2014•Minneapolis,MN•MinneapolisMarriottCityCenterSeptember15&16,2014•Houston,TX•GardereWynneSewellConferenceCenter

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

These unique courses are offered exclusively by Bloomberg BNA

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

Intermediate U.S. International Tax UpdateJune25-27,2014•SanFrancisco,CA•MorganLewisConferenceCenterAugust20-22,2014•Minneapolis,MN•MinneapolisMarriottCityCenterSeptember17-19,2014•Houston,TX•GardereWynneSewellConferenceCenter

WHO SHOULD ATTENDThis seminar with live group instruction is intended for corporate tax directors and managers, accountants and CPAs, attorneys, and other corporate fi nance executives looking for practical solutions to complex cross-border tax issues. An introductory course or its equiv-alent is recommended prior to attending the program. This program is nontransitional which is appropriate for experienced attorneys.

WHY YOU SHOULD ATTENDBloomberg BNA is pleased to offer its updated week-long U.S. International Tax conferences for international tax practitioners. Our week-long series includes a two-day Introduction to U.S. Interna-tional Tax that allows attendees to learn the A-B-C’s of international taxation and the key principals of U.S. international tax, including foreign tax credits, Subpart F and structuring foreign operations.

The second half of our week-long series includes a 2 ½-day Intermediate U.S. International Tax Update course with an in-depth look at U.S. foreign tax credit, Subpart F and cross-border M&A transactions. Let our experienced faculty of international tax profes-sionals explain the pitfalls and opportunities of operating overseas and help you to identify key tax issues in cross-border acquisitions and repatriating income from overseas.

Attendees of our U.S. International Tax seminars will obtain valuable job skills that will enable them to network with other tax professionals, facilitate research in repatriating low tax foreign source income and update their knowledge of the latest U.S. tax reporting and disclo-sure requirements.

Discounts are available for companies sending attendees for the whole week or sending more than 3 persons to both courses.

Earn Up to 20 CPE/CLE Credits

WHO SHOULD ATTENDThis seminar is intended for corporate controllers, tax managers, accountants, attorneys, and other corporate fi nance executives looking to develop an understanding of how the U.S. taxes income from foreign operations. No prerequisite is required for this introductory course with live group instruction. This program is transitional which is appropriate for newly admitted attorneys.

All paid attendees will receive the Bloomberg BNA Portfolio:Foundations of U.S. International Taxation (Portfolio #900 2nd)*One Portfolio per paid attendee. Quantities are limited.

Earn Up to 16 CPE/CLE Credits

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

Introduction to U.S. International TaxJune 23 & 24, 2014 • San Francisco, CA • Morgan Lewis Conference CenterAugust 18 & 19, 2014 • Minneapolis, MN • Minneapolis Marriott City CenterSeptember 15 & 16, 2014 • Houston, TX • Gardere Wynne Sewell Conference Center

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Intermediate U.S. International Tax UpdateJune 25-27, 2014 • San Francisco, CA • Morgan Lewis Conference CenterAugust 20-22, 2014 • Minneapolis, MN • Minneapolis Marriott City CenterSeptember 17-19, 2014 • Houston, TX • Gardere Wynne Sewell Conference Center

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

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