True Partners Insights
Federal Tax Insights
Washington Tax Insight August 2020
Politics and Congressional Activity Despite spending the last several weeks working on the next phase of COVID-19 relief legislation, Congressional leaders and the Administration have failed to reach agreement and the negotiations appear to be stalled this week. The House and Senate are both technically still in session, but many members have returned to their home districts subject to a call to return should a deal be reached. Both chambers […]
IRS Finalizes Guidance on Deduction for Foreign-Derived Intangible Income (FDII) & Global Intangible Low-Taxed Income (GILTI)
On July 9, 2020, Treasury and the IRS issued final regulations (“Final Regulations”) that provide guidance on deductions for Foreign-Derived Intangible Income (FDII) and Global Intangible Low-Taxed Income (GILTI) allowed to domestic corporations under §250 of the Internal Revenue Code (the Code). These Final Regulations provide guidance on the computation of both deductions, substantiation and documentation requirements, and whether income is foreign-derived for the purpose of FDII. The guidance also […]
Show Me the Money: True Partners Virtual CPE Day 2020
When: Friday, August 14, 2020 (8:00am – 2:00pm Pacific | 10:00am – 4:00pm Central | 11:00am – 5:00pm Eastern) Where: Your computer Cost: FREE! Many companies are looking for ways to increase cash and reduce costs due to the COVID-19 pandemic and its effects on the U.S. and global economies. True Partners Consulting, a trusted tax and business advisory firm, has put together six virtual training sessions to help you […]
