Press Room: Gilti

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). ...

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 ...