Key Takeaways From IRS Reversal On FDII Stance

By Layla Asali, Rocco Femia and Caroline Reaves · July 7, 2022, 6:16 PM EDT

In a signal as to Internal Revenue Service audit activity surrounding the Section 250 deduction for foreign-derived intangible income, or FDII, the IRS National Office recently issued Generic Legal Advice Memorandum...

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