September 18, 2018
Proposed Regulations on GILTI Address Numerous Computational Issues Including Treatment of Consolidated Groups
IRS and Treasury have released much-anticipated guidance in the form of proposed regulations under the new Global Intangible Low-Taxed Income (GILTI) regime enacted as part of the Tax Cuts and Jobs Act (TCJA).
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November 06, 2018
Andersen Co-Hosting Post-Tax Reform Panel Discussion
Andersen is co-hosting a panel discussion designed for fund managers who are dealing with tax reform and year-end planning. The event, Structuring & Planning Post-Tax Reform, will provide tax updates for ...
March 24, 2019
Andersen to Present at 69th Annual TEI Midyear Conference
Tax Executives Institute (TEI) is the preeminent association for in-house tax professionals worldwide. TEI is hosting its 69th Annual Midyear Conference in Washington, D.C. at the Grand Hyatt Hotel. The conference will ...
May 20, 2019
Andersen to Present at the 2019 TEI Financial Reporting Seminar
The annual 2019 Tax Executives Institute (TEI) Financial Reporting Seminar will take place May 29-30 in Denver, Colorado. This year's seminar will be unique to prior years because it will offer two distinctive ...
June 19, 2019
IRS Issues Final and Proposed Regulations on GILTI
IRS and Treasury have released final and proposed regulations regarding the new global intangible low-taxed income (GILTI) regime. Both sets of regulations provide guidance on determining the amount of GILTI included in the ...
July 11, 2019
Final GILTI Regulations Include Beneficial Change for Certain Partners in Partnerships That Own CFCs
Under final regulations, GILTI inclusions are not determined at the partnership level—domestic partnerships are instead treated as an aggregation of their partners for purposes of GILTI.
Any U.S. person that ...
September 27, 2019
The States’ Evolving Responses to Tax Reform Present Opportunities and Challenges to Business Taxpayers
The states’ responses to the sweeping changes under the Tax Cuts and Jobs Act (TCJA) are as varied as their own unique tax codes.
Determining a state’s approach to TCJA ...
January 08, 2020
New Jersey Revises GILTI Guidance, Opts Against a Millionaire’s Tax and Enhances Perks for Angel Investors
New Jersey recently released guidance and enacted legislation that presents challenges and opportunities for taxpayers conducting business in the state. The New Jersey Division of Taxation (DOT) issued and then substantially revised guidance ...
July 13, 2020
Handle With Care: Navigating the State Tax Pitfalls for Corporate Taxpayers Claiming NOL Deductions Under the CARES Act
The temporarily expanded availability of net operating loss deductions (NOL) under the CARES Act comes as welcome news to businesses in the wake of the economic hardships resulting from the COVID-19 pandemic. How ...
July 22, 2020
Final Regulations Related to GILTI Deduction Provide Potential Benefits for Individuals
IRS and Treasury released final regulations (T.D. 9901) under Sec. 250 of the Internal Revenue Code (Code). The final regulations provide potential benefits for individuals subject to GILTI. Individuals making a Sec. 962 election are ...