Final FDII (Section 250) Regulations
Author: Adnan Islam
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
This course will cover the new export tax incentive and planning opportunity only for C corporations that derive foreign revenue by serving foreign markets under Section 250, enacted by the Tax Cuts and Jobs Act (TCJA). U.S. tax professionals who wish to learn about: a summary and relevant overview of FDII; the Section 250, final FDII July 2020 regulations; and practice considerations for utilizing FDII tax deduction should take this course.
Publication Date: October 2020
Designed For
Experienced tax staff through tax director level interested in or already practicing international taxation.
Topics Covered
- Foreign Derived Intangible Income
- FDII (misnomer), Section 250
- Export tax incentive
- C corporations only
- Final FDII regulations July 2020 (TD 9901)
- Computing FDII, QBAI, Form 8993
- Substantial and Documentation
- FDDEI Sales: Final FDII regulations July 2020 TD 9901
- FDDEI Services: Final FDII regulations July 2020 TD 9901
- FDDEI Related Party Transactions
Learning Objectives
- Identify the Section 250 FDII tax fundamental points created by the TCJA
- Recognize the updates and differences to the Section 250 FDII July 2020 regulations
- Recognize planning opportunities and practical considerations for the Section 250 FDII tax incentive
- Identify steps in the FDII computation
- Recognize FDDEI categories
Level
Intermediate
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Read IRC Section 250 and Form 8993 Instructions.
Advance Preparation
None
