Tax News Update    Email this document    Print this document  

July 14, 2020
2020-1791

Monday, July 20 | 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

Registration: View archive here.

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.

Learn about and register for Thought Center webcasts

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

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2024, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement