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14 July 2020

Monday, 20 July 2020 | Final Treasury regulations under Section 250 | Corporate deductions for FDII and GILTI (12 pm ET)

On 9 July, the US Treasury Department released the long-awaited final Treasury regulations under Section 250. That Code section provides domestic corporations an annual deduction (at varying percentages) for global intangible low-taxed income (GILTI) and foreign-derived intangible income (FDII). Please join a panel of Ernst & Young LLP professionals to discuss relevant aspects of the final regulations, including:

  • Substantiation requirements for income to qualify as FDII
  • Allocation and apportionment of expenses for determining FDII
  • Transition rules for prior tax years

Date: Monday, 20 July 2020

Time: 12:00-1:30 p.m. EDT New York; 9:00-10:30 a.m. PDT Los Angeles

Panelists

Peter Marrs, Managing Director, International Tax and Transaction Services (ITTS), Ernst & Young LLP

Scott Mackay, Partner, Quantitative Services, Ernst & Young LLP

Ryan Kelly, Partner, ITTS, Ernst & Young LLP

Anna Voortman, Partner, ITTS, Ernst & Young LLP

Moderator

Jose E. Murillo, Partner, Director of NTD ITTS, Ernst & Young LLP

CPE credit offered: 1.5. Recommended field of study: Taxes. Learning objective: Understand the final Treasury regulations under Section 250 and how they may affect your business. This intermediate level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information.

You can learn about and register for any Thought Center webcast here.

Document ID: 2020-5985

 
 

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