Put Your Best FEEP Forward: Preparing for the New Section 987 Regulations
03.07.2024 | Duration: 26:16
Inside International Tax: What can taxpayers do today to be ready for the expected finalization of the section 987 regulations?
Podcast overview
On November 9, 2023, the Treasury and IRS released proposed regulations under section 987, which provide comprehensive guidance on how taxpayers should account for branches that operate in a currency other than the dollar. This newest set of regulations represents a significant departure from common approaches that taxpayers have adopted since section 987 was added to the code almost four decades ago.
The regulations, if finalized as currently proposed will apply to tax years beginning in 2025, so why are we talking about it now? Is there any non-tax significance when the regulations are finalized? What can taxpayers do now to prepare for the new regime?
Join us as our co-hosts聽Gary Scanlon聽and聽Kristen Gamboa聽are joined by聽Kevin Brogan and Gloria LaBerge聽from the 乐鱼（Leyu）体育官网 WNT International Tax group to explore these issues and more on the latest episode of Inside International Tax.
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