Skip to Content

Alert: IRS issues proposed regulations on Section 250

March 15, 2019 Article 5 min read
Authors:
Kellie Becker Ben Cote
The IRS issues proposed regulations on Sec. 250, providing favorable treatment for individual taxpayers with a GILTI inclusion who make an election under Sec. 962.

Image of city hall in Antwerp, with flags from many countries.

The IRS issues proposed regulations on Sec. 250, providing favorable treatment for individual taxpayers with a GILTI inclusion who make an election under Sec. 962. Ordinarily, this was only available to C corporations.

In our alert, we discuss:

  • What is GILTI.
  • GILTI for individual taxpayers.
  • Sec. 962 elections.
  • When an individual should elect Sec. 962 on GILTI.

Related Thinking

Video thumbnail
February 27, 2024

The basics of cost segregation

Video 3 min watch
Front of government building with U.S. flag and statue.
February 26, 2024

State and local tax advisor: February 2024

Article 17 min read
View of U.S. government building against a blue sky.
February 26, 2024

Long waits and partnership audits muddy new tax season

Article 4 min read