Alert: IRS releases foreign-derived intangible income deduction (FDII) proposed regulations
The IRS has released proposed regulations to help eligible taxpayers calculate their deduction for foreign-derived intangible income (FDII). Read our alert to learn more about FDII and key takeaways from the proposed regulations.
The IRS has released proposed regulations to help eligible taxpayers calculate their deduction for foreign-derived intangible income (FDII).
The proposals are intended to:
- Guide taxpayers on the calculation for FDII and determine qualifying sales
- Provide clarity on FDII reporting requirements for partnerships which have either direct or indirect C corporation partners
Read our alert to learn more about FDII and key takeaways from the proposed regulations.
