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Tax Readiness: New foreign currency branch rules bring big changes
November 29, 2023 @ 11:00 am – 12:00 pm EST
Free
1 CPE credit
Treasury and the IRS on November 9 released proposed regulations relating to the determination of taxable income or loss and foreign currency gain or loss with respect to a qualified business unit (QBU). The proposed regulations include an election to treat all items of a QBU as marked items (subject to a loss suspension rule), an election to recognize all foreign currency gain or loss with respect to a QBU on an annual basis, and a new transition rule. Please join our panel discussion on these and other topics from the proposed regulations. CPE-eligible.
