The Foreign-Derived Intangible Income (FDII) tax deduction—from section 250 of the tax reform reconciliation act of 2017, referred to as the Tax Cuts and Jobs Act of 2017 (TCJA)—describes an incentive for US corporations to provide goods and services to foreign customers.
To benefit from this tax deduction, however, companies must know how the intended incentive is determined, understand which goods and services qualify, and provide sufficient documentation to qualify when applying for the deduction.
In this webcast, our panel of tax professionals break down complex legal and accounting language throughout FDII, helping attendees understand the following:
- Types of goods and services incentivized by this tax opportunity
- Steps for determining foreign use and what qualifies
- US-government documentation requirements