IRS Releases Final Regulations under Section 250
On July 9, the Internal Revenue Services issued final regulations under section 250. Section 250 provides a deduction for both foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI). The final regulations address the documentation and substantiation requirements with respect to the deduction under section 250.
Read More: IRS Releases Final FDII, GILTI Deduction Regulations
Read More: Final Regulations
Read More: Proposed Regulations