New Section 250: Foreign Derived Intangible Income (FDII) 2019 | Networking Seminars Inc. | 4 April 2019 |
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| Event Date | Thu Apr 4 EDT (over 5 years ago) |
| Region | Americas |
Details
This webinar is presented at an intermediate level. The webinar is designed for tax professionals working as outside international tax advisors and for tax and financial executives and staff employed by domestic corporations with current or future foreign operations.
Under the new tax law, Section 250 provides a deduction for excess returns earned directly by a U.S. corporation from foreign sales or services. The FDII amount is the amount of the corporation’s “deemed intangible income” attributable to sales of property to foreign persons for use outside the U.S. or the performance of services for foreign persons or with respect to property outside the U.S. Deemed intangible income is its gross income that is not attributable to a CFC, foreign branch, or domestic oil and gas income reduced by related deductions11 and an amount equal to 10% of the aggregate adjusted bases of its U.S. depreciable assets.
Speakers
2019 Speaker
PRESENTER:
William K. Norman
Partner, Ord & Norman