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Alert: IRS issues proposed regulations on Section 250

March 15, 2019 Article 5 min read
Authors:
Kellie Becker Ben Cote Arthur Ruple
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.

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