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).
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.