Diploma in US Tax Compliance and Paralegal Work by LawSikho: Fee, Duration, How to Apply

Quick Facts

particular	details
Medium of instructions English	Mode of learning Self study, Virtual Classroom	Mode of Delivery Video and Text Based	Frequency of Classes Weekdays, Weekends	Learning efforts 8-10 Hours Per Week

Course overview

The Diploma in US Tax Compliance and Paralegal Work certification course duration is 6 months. The certification course is designed for Accountants, Company Secretaries, and Compliance Professionals. The course will provide in-depth knowledge of US tax compliance and paralegal work to the students with the support of leading industry experts.

Students will gain a comprehensive understanding of US tax regulations and handling tax-related issues. The Diploma in US Tax Compliance and Paralegal Work certification by LawSikho offers a robust curriculum that includes an overview of corporate and personal income tax in the US, deductions, relaxations and emerging themes under US tax laws.

Also Read: Online Taxation Law Courses & Certifications

Course and certificate fees

Fees information

₹ 66,000 (Inclusive of GST)

The Diploma in US Tax Compliance and Paralegal Work certification fee is Rs 66,000 including all applicable taxes and charges. Candidates can also pay the course fee in monthly instalments, with each instalment costing Rs 3,000. The course comes with a 100% money-back guarantee if students are not satisfied with the course.

Diploma in US Tax Compliance and Paralegal Work Certification Fee Structure

Certification Course	Fees
Diploma in US Tax Compliance and Paralegal Work	Rs 66,000
Diploma in US Tax Compliance and Paralegal Work (EMI)	Rs 3,000 Per Month

certificate availability

Yes

certificate providing authority

National Skill Development Corporation +1 more

Who it is for

Chartered accountant Company secretary

The Diploma in US Tax Compliance and Paralegal Work certification course is designed for aspiring students and working professionals to enhance their skills and knowledge. This course is also beneficial for:

Eligibility criteria

Certification Qualifying Details

Upon completion of the online course, students will receive a certificate co-branded by NSDC and Skill India. Students must complete all the assignments to receive a Diploma in US Tax Compliance and Paralegal Work course certificate. To be eligible for the certificate, students must complete all the assignments. The hard copy of the certificate will be sent to the candidates by courier.

What you will learn

After completing the Diploma in US Tax Compliance and Paralegal Work certification syllabus, the students will have a deeper understanding of US tax regulations. They will also learn to navigate the complexities of taxes for entrepreneurs and small business owners. Students will also equipped to guide foreign businesses that aim for expansion to the US.

The certification course offers in-depth knowledge of performing tax compliance work for US residents and US Businesses. Upon the completion of the Diploma in US Tax Compliance and Paralegal Work training, the students will be able to apply the learned knowledge in real-world scenarios. They will also explore the tax implications of common business transactions and assist US businesses.

The syllabus

Overview of Corporate and Personal Income Tax in the Us

How to navigate the US Internal Revenue Code
Tax rates on income of the following categories of persons (US citizens) and US tax residents:
- Individuals/ Proprietorships
- Partnerships
- LLPs
- Companies (C-Corp & S-Corp)
- Private trusts
Federal taxes on common categories of income of US citizens and US tax residents:
- Business income
- Capital gains (on sale of shares, immovable property or other assets)
- Salaries
- Profits
- Dividend income and distribution
- Non-cash based income such as ESOPs and sweat equity
- Licence fees earned by directors
Capital gains - on sale of businesses and sale of assets, for residents and non-residents

Deductions and Relaxations Under US Tax Laws

Standard deductions under federal tax laws
Deductions for business expenses
Expense deductions for US-based freelancer/professional who works from home
Tax relaxations for small businesses
Alternate minimum tax and its applicability in the US

Emerging Themes Under US Tax Laws

Tax implications for companies incorporated by foreigners or foreign holding companies in India, Canada or other countries
- Treatment of income of the US company and the shareholder/parent company under US tax laws
- Treatment of income of the US company and the shareholder/parent company
How US taxes digital platforms and businesses
How US taxes gig workers
Treatment of Virtual Currencies: IRS Notice 2014-21 and FAQs

How To Perform Tax Compliance Work For US Residents And US Businesses

How to find out whether US Tax Laws apply to your client
How to register for taxation - EIN / ITIN / State VAT
Important tax compliances for employers/companies based in the US
Important form filings for tax compliance in the US for all of the above scenarios
- Form 1040, Form 1040-ES, Form 1040 SR
- Form W-7
- Form W-4
- Form W-9
- Form SS-4
- Form 941
- Form W-2
- Form 9465
- Form 4506-T
- Form 1099-NEC
- Form 1099-MISC
- Form 1099-K

Taxation of Important Business Transactions in the US

Tax on US Distributors, Partners and Resellers of Indian or other non-US SAAS companies
Tax on Drop-Shipping Transactions
Tax on ESOPs and Sweat Equity
- Types of share based incentives: ESOPs, SARs, RSUs and Phantom stock
- When is tax payable with respect to a transaction involving ESOPs, RSUs, SARs or phantom stock?
Tax implications in respect of the following share based transactions
- ESOPs held by US employees in a US company
- ESOPs held by foreigners living in the US receiving ESOPs of a foreign company
- ESOPs held by foreign employees (living outside) in a US company
Taxation of corporate and M&A transactions:
- Mergers
- Investments and Acquisitions
- Exits
Taxation of corporate and bank financings
Taxation of conversions from one form of business to another

Taxation of International Income by The US: Key Scenarios

Overview of US Double Tax Avoidance Treaty Network
- Review of US-Canada and US-India Double Taxation Avoidance Agreement
- Permanent Establishment
- Capital Gains
- Royalty
- Fee for Technical Services
- Tax Information Exchange Provisions
- Tax Credit / Refund Provisions
Withholding tax on international payments made from US
How US taxes foreign income of a US citizen who lives in the US
How US taxes income of a US citizen who lives abroad
How US taxes income of a foreigner (e.g. Indian/Canadian) who has incorporated a US company as a subsidiary or a parent company for his business
How US taxes subsidiaries of foreign businesses under US tax laws
How US taxes income of offshore subsidiaries of US companies under US tax laws
How US taxes foreign corporations in which US shareholders have significant shareholdings (controlled foreign corporations or CFCs)
What to do in case of conflict between IRC and US DTAAs with other countries

Implications of Violation of Tax Laws In The US

What happens if you are found to be in violation of US tax laws? Understanding of the following:
- Interest
- Penalties
- Confiscation of income
- Imprisonment
Investigative powers of IRS:
- Raids, search and seizure
- Attachment and freezing of bank accounts
- Other powers
Typical stages in a tax proceeding
- Types of notices that you may receive from tax authorities
- Which authorities hold tax proceedings
- What happens if you are found to be in violation of US tax laws
- Which forums can you appeal to and on what grounds
How to settle US Tax Proceedings:
- Offer in compromise
- Form 656
- Request for Appeal of Offer in Compromise,
- Form 13711
Lookback provisions and record-keeping requirements for accounts in US tax laws

Overview Of State Income Taxes In The US

Personal and corporate income tax rates in:
- Delaware
- Nevada
- Texas
- Florida
- New York
- California
- Wyoming
State capital gains taxes
State Sales taxes - applicability and payment
Important compliance requirements and forms
Overview of franchise taxes in the above states
Transfer taxes for transfer of immovable property

FATCA

Applicability of Foreign Accounts Tax Compliance Act (FATCA)
Key obligations under FATCA
Compliance requirements and other legal work under FATCA
- Form 8938, Statement of Specified Foreign Financial Assets
- FinCEN Form 114
Consequences of violation of FATCA provisions

Admission details

To join the Diploma in US Tax Compliance and Paralegal Work classes, follow the below-mentioned steps:

Step 1: Browse the link mentioned below:

https://lawsikho.com/course/diploma-in-us-tax-compliance-and-paralegal-work

Step 2: Candidates must click on the “Enroll Now” button, fill in the required details and click on the “Submit” button

How it helps

The Diploma in US Tax Compliance and Paralegal Work certification benefits include:

The course offers an in-depth knowledge and understanding of US tax regulations.
The certification course offers hands-on experience with the support of leading industry experts.
The course provides placement, internship and freelancing support to the students.
The course’s placement team guides students in setting the target, creating an attractive CV and developing interview skills.
Participants gain digital access to all assignments using LMS content, and Android and iOS apps.
Candidates will have access to the course content online and assignments portal for 3 years.
The certification course also provides downloadable templates and checklists for the students and additional readings on the latest market trends and concepts.
The classes will also cover the legal and compliance aspects of company law by sharing screen share demonstrations and screenshot guides.

FAQs

What is the duration of the Diploma in US Tax Compliance and Paralegal Work training?

The certification course lasts for 6 months, 8 to 10 hours per week. The course offers 90-120 live classes of 1.5 hours each and 15+ hours of personalised coaching to the students.

Who can apply for the Diploma in US Tax Compliance and Paralegal Work online course?

The course can be applied by Accountants, Company Secretaries, Compliance Professionals, people who are looking for lucrative opportunities, and registered CPAs.

Do students get the remote freelance work opportunity after pursuing a Diploma in US Tax Compliance and Paralegal Work certification course?

Students with professional-level legal skills are offered a chance in contract drafting, data and privacy, international business law, US immigration law, litigation support, and international IP law work.

Who are the potential employers for the Diploma in US Tax Compliance and Paralegal Work online course?

The potential employers for this course are Law Firms, Accounting Firms, Corporate Legal Departments, Financial Institutions, Government Agencies, Tax Consultancies, Nonprofit Organizations, Real Estate Firms, Legal Technology Companies, Self-Employment and Consulting.

Do students will get a certificate after completing the Diploma in US Tax Compliance and Paralegal Work?

The course is recognised by the National Skill Development Corporation, the PPP under the Ministry of Skill Development and Entrepreneurship of the Govt of India, students will receive a certificate by courier, cobranded with Skill India.