Key Highlights

Stay Updated on IRS Changes: Master the latest IRS regulations and tax updates with our all-inclusive US Tax Compliance course.

Accessible to All: No prior experience? No problem! Our beginner-friendly course simplifies tax concepts with interactive lessons and live examples.

Freelance Opportunities Await: Equip yourself with skills to offer freelance tax services and boost your income potential.

Learn from Experts: Gain insights from seasoned instructors and guest lecturers with real-world tax compliance expertise.

Practical Knowledge: Dive into real-world scenarios with case studies that prepare you for hands-on tax challenges.

Comprehensive and Career-Focused: Build a strong foundation in US Tax Compliance to enhance your career or start a freelance journey.

Introduction

Extra Income Opportunity: Students and professionals in commerce, finance, or accounting can earn remotely through US tax compliance work.
Perfect for CA/CS Trainees: Struggling CA/CS trainees and fresh graduates can secure well-paying remote roles.
High Earning Potential: Charge $10/hour for 200 hours/month and earn up to $2,000, leveraging the cost advantage over US accountants charging ~$300/hour.
Remote Work Advantage: Post-pandemic acceptance of remote work allows Indians to earn in dollars from home without a US visa.
Booming Gig Economy: The rise of freelancing in the US has created demand for skilled remote workers from low-cost regions like India.
Early Mover Edge: With low competition, this is the perfect time to enter the field and secure your position.

Who should take this course?

Commerce, accounting, finance, economics or taxation students who are still in college looking for an extra source of income
Graduates or experienced professionals from commerce background (BCom/ MCom) looking for a remote job option without leaving the comfort of home or who are forced to work from home, but has access to a computer and stable internet connection
Any graduate or experienced professional earning less than 1 lakh per month who wants to earn more
You can perform US tax compliance work sitting at your home in India as it is online and still earn a lot more than you can by performing domestic work for clients
It does not matter if you are a CA or CS, or a registered CPA in US
Accountants/ company secretaries/ compliance professionals who want to perform US tax compliance work for foreign CPAs, corporate secretaries, startups in US or other countries which are expanding to the US

What will you learn from this course?

You will learn domestic US tax compliance work and you can perform it online sitting at your home
You will be able to assist US entrepreneurs and small business owners with tax requirements for setting up and running a new business
You will learn the tax implications for the most common types of business transactions involving US companies or US residents
You will be able to assist US businesses which are planning their international expansion strategy on US tax implications
You will be able to assist foreign businesses which intend to expand to the US on US tax implications

Who will be your potential clients

US tax lawyers, CPAs and corporate secretaries who need assistance with tax filing work of their clients
US businesses and startup founders who need tax assistance
Foreign entrepreneurs who need tax guidance with respect to establishing business presence in the US
Indian startup entrepreneurs and businessmen who want to expand their business offshore

What is unique about this course?

Comprehensive US Tax Compliance Skills: Gain a wide range of skills to take up remote freelance work for US tax compliance directly or via freelancing platforms.
Online Presence Development: Learn to establish yourself as a tax compliance paralegal on platforms like Upwork, Fiverr, LinkedIn, and more.
Work with Global Clients: Secure skills to assist US startups, SMEs, CPA firms, and law firms with tax needs as a paralegal.
Intensive and Rigorous Training: The course demands 7-8 hours/week, with mandatory assignments for certification and interactive classes led by experts.
Personalized Guidance: Receive coaching from assigned trainers, a dedicated course anchor, and access to feedback and support through groups and emails.
Assignment Feedback and Portfolio Building: Get in-line feedback to improve performance, and use corrected assignments as work samples on freelancing platforms.
Publish Your Work: Submit publishable writing assignments for publication on the iPleaders blog with over two million monthly visitors.

What kind of assignments will you get?

Prepare a chart of compliances under federal and state tax laws that must be undertaken by a startup which is incorporated in: New York
Advise a US entrepreneur on US tax implications for all of the following business structures: proprietorship, unlimited partnership, LP, LLP, LLC, C-Corp and S-Corp
Prepare necessary forms for annual tax filing of a US C-Corp, S-Corp, LLC, LLP, LP
Advise an Indian/Canadian client who has incorporated a US company on implications of US tax laws and the US-India DTAA/US-Canada Tax Convention
Advise and fill necessary tax returns for a US citizen who has been living in Singapore or UK
Prepare or review a financial plan of a startup which intends to raise Series A funding
Compare different state tax (including Franchise Tax) rates applicable to companies in Delaware, New York, Nevada, Wyoming, Texas, Florida and California
Advise a client on the procedure for claiming tax credit under a DTAA of US with another country and prepare necessary form filings
Advise a US company on withholding tax implications with respect to payments made to foreign subsidiaries - also prepare necessary form filings
Advise a US private equity investor on company on US taxation upon exit
Advise an Indian or foreign employee on US tax implications of acquiring shares pursuant to ESOPs and upon sale of ESOPs
Advise a client in Wyoming on applicability of tax laws on sale of Bitcoin worth USD 500K and fill necessary forms
Advise a US client who runs a Shopify store/Amazon FBA store on applicability of US tax laws (products are purchased through Alibaba and despatched to buyers all over the world)
Draft or review a related party contract for supply of services or license of brand name between a holding company and a subsidiary. Identify appropriate transfer pricing methods and markups.

Training Methodology

24/7 Online Access

Study anytime with access to materials via an online learning platform and mobile apps, including recorded sessions.

Weekly Practical Exercises

Complete two exercises weekly with detailed written feedback.

Live Online Classes

Attend weekly 1–1.5-hour live sessions to learn specific US corporate law tasks, ask questions, and get personalized feedback.

Flexible Timings

Classes held after work hours, typically on Sundays or 8–9 PM on other weekdays.

Live Doubt Clearing

Resolve queries in class, on the platform, or through one-on-one sessions with evaluators.

Money-back guarantee

If you take this course, follow it diligently for a month, do all the exercises but still do not find value in it, or not able to understand or follow it or not find it good for any reason, we will refund the entire course fee to you. It is a 100% money-back guarantee with only one condition, you must pursue it properly for a month. If you don’t find it valuable after that, get your entire money back.

View Refund Policy

Client Opportunities & Recruitment Support where required

Recruitment Support: High-performing students are assisted with jobs, internships, and assessment internships in reputed law firms, companies, and with renowned lawyers.
Profile Building: Guidance to create strong LinkedIn and freelancing profiles to attract recruiters and clients.
Interview Preparation: Experts provide tips to crack interviews, with optional mock interview sessions available.
Weekly Opportunities: Multiple job and internship openings are shared weekly through WhatsApp groups.
Diverse Internship Placements: Support for internships in law firms, chambers, startups, and diverse sectors.
Customized Career Paths: Mentorship to design personalized career paths, avoiding the typical job race.
Daily Client Opportunities: Regularly shared client leads for advocates, including contracts and international taxation work.

Industry Academia Panel

Komal Shah

Co-founder and Chief Knowledge Officer, SkillArbitrage, former in-house counsel and company secretary with over a decade of experience in securities, funds and capital markets

Priyanka Sinnarkar

Deputy Director - Upskilling Course

Online Faculty and Guest Faculty

Sunil Agarwal

Senior Standing Counsel, Delhi High Court, Ex-IRS, Ex Senior Partner, AZB and Partners, teaches international tax

Sagar Bajaj

Expert

Note: This is an indicative list of our guest faculty members and not an exhaustive list. We may change the faculty members at any point based on availability.

Syllabus

OVERVIEW OF CORPORATE AND PERSONAL INCOME TAX IN THE US

How to navigate the US Internal Revenue Code

Code
Regulations
Administrative and Judicial Pronouncements

Tax rates on income of the following categories of persons (US citizens) and US tax residents:

Individuals/ Proprietorships (Not a separate taxable entity)
Partnerships
Limited Liability Companies
Companies (C-Corp & S-Corp)
Grantor and non grantor trusts

Check the box election Federal tax rate on common categories of income:

Business income
Capital gains - Long and short term - meaning (on sale of shares, real property, or collectibles )
Wages and Salaries
Profits??
Dividend
Non-cash based income such as ESOPs and sweat equity
Licence fees earned by directors

Other Federal taxes on Income of Individuals

Alternative minimum tax
- Discussion on Corporate AMT - repealed effective Jan 1, 2018
- Corporate Alternative Minimum Tax effective for taxable years beginning after December 31, 2022

FICA (Social Security and Medicare Tax)
Obamacare Tax or Net Investment Income Tax

DEDUCTIONS AND RELAXATIONS UNDER US TAX LAWS

Standard deductions under Federal tax law

Brief discussion on itemized deduction repealed effective Jan 1., 2018

Deductions for business expenses Expense deductions for US-based freelancer/professional who works from home Tax relaxations for small businesses

EMERGING THEMES UNDER US TAX LAW

Tax implications for companies incorporated by non U.S. individuals or non U.S. holding companies in India, Canada or other countries

Treatment of income of the US company and the shareholder/parent company under US tax law
Taxation on repatriation (Dividends)

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 Law apply to your client How to register with the I.R.S. - 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 1120, Form 1120-S, Form 1120-F
Form 1065
Form 1041
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

International Reporting for US taxpayers

Form 8938
Form 5471
Form 8865
Form 8858
FBARs

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

Taxation of non U.S. individuals and corporations

Effectively Connected Income
FDAP Income
Tax Rate

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
Savings Clause
Limitation on Benefits
Reporting on US tax return if a treaty position is taken

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

Foreign Earned Income Exclusion
Form 2555
Social Security Tax - Totalization Agreements

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

Not possible to cover in this Module. This is a separate devil that will probably require at least one if not two modules depending on the module length

How US taxes foreign corporations in which US shareholders have significant shareholdings (controlled foreign corporations or CFCs) - seems like the same issue as above but worded differently 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
Garnishment of income and Property Levy
Imprisonment for criminal fraud

Investigative powers of IRS:

Audits
Search and seizure
Attachment of property 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

Highlighting Inspirational Journeys/Testimonials

In January 2023, Priya embarked on a transformative journey with LawSikho, aiming to transition her career from the Indian market to the US market. She has more than five years of experience in accounting and tax compliance. With the help of Amrita Kaur, she updated her LinkedIn profile and secured her first freelancing project from a US client. Her course anchors, Chidimma Okoli and Priyanka Sinnarkar, assisted her in her first freelancing project.

Despite facing many challenges and many roadblocks, she tackled each challenge head-on, turning them into opportunities for growth and learning. She secured 6-7 freelancing projects from LinkedIn and Twitter and she successfully completed her projects with the help of her mentors. She has earned a total of $4000 so far from the US market.

In March 2024, she achieved a significant milestone: she registered her LLC, which stands as a testament to her hard work. For her successful journey so far and in the future, Priya is thankful to the LawSikho team.

Priya Jain

Student

Prepared tax advisory documents for a US-based manufacturing company, maximizing tax benefits and ensuring compliance.

Raja Lahoti

Student

Advised clients on the comparison between old and new tax regimes, helping them make informed decisions on tax planning.

Apeksha Choubey

Student

Registered a US-based company, guiding clients through the incorporation process and complying with tax obligations.

Vidhu Duggal

Student

Ankit Jain, a seasoned finance professional with 12 years of valuable corporate experience, specialising in accounting, auditing and return filling of the client. In January 2023, he made a pivotal decision to join LawSikho after attending a bootcamp. His main purpose in joining LawSikho was to enhance his US accounting and taxation knowledge. He left his job in August 2023 to start his own CA practice and to focus more on this course.

By August 2023, he landed his first freelancing opportunity with the help of Komal Ma’am from LawSikho. The work involved a comprehensive scope of work, including accounting, and tax return filing, with a total amount of ₹25,000. Despite facing many challenges, he successfully completed that project and exceeded the client's expectations.

LawSikho not only provided him the knowledge but also helped him in developing confidence and resilience to navigate the challenges to emerge as a successful CA practitioner. He fondly remembers the guidance provided to him by his mentors and is forever grateful to LawSikho

Ankit Jain

Student

Certification

Certificate cobranded by Skill India + NSDC

This course is recognized by the National Skill Development Corporation, a PPP under the Ministry of Skill Development and Entrepreneurship of the Government of India.

You will receive a certificate cobranded by NSDC and Skill India on successful completion. This is how the certificate from NSDC and Skill India will look as per the current applicable format (may change as per the approval authorities):

US Tax Compliance

Enrollment Closed