This course covers central concepts of U.S. taxation of non-resident aliens and foreign enterprises on their income derived from U.S. sources and U.S. taxation of U.S. persons on income which they realize from sources outside the U.S., including the rules for determining the source of income and deductions, the income tax treatment of business and non-business income, Subpart F, transfer pricing under Section 482, FATCA, withholding of tax on income paid to foreign persons, foreign currency rules, the foreign tax credit, and the application of income tax treaties."

Prerequisites: TAXN6100 and TAXN6110