Treasury Department, Internal Revenue Service
This document contains corrections to the final regulations (Treasury Decision 9901) that were published in the Federal Register on Wednesday July 15, 2020. Treasury Decision 9901 contained final regulations that provide guidance regarding the deduction for foreign- derived intangible income (FDII) and global intangible low-taxed income (GILTI) and for coordinating the deduction for FDII and GILTI with other provisions in the Internal Revenue Code.
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of the Treasury Internal Revenue Service 26 CFR Part 1 [TD 9901] RIN 1545-BO55 AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Final regulations; correction. SUMMARY: This document contains corrections to the final regulations (Treasury Decision 9901) that were published in the Federal Register on Wednesday July 15, 2020. Treasury Decision 9901 contained final regulations that provide guidance regarding the deduction for foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI) and for coordinating the deduction for FDII and GILTI with other provisions in the Internal Revenue Code. DATES: These corrections are effective on November 2, 2020. For dates of applicability, see §§ 1.250-1(b) and 1.861-8(h). FOR FURTHER INFORMATION CONTACT: Brad McCormack at (202) 317-6911 and Lorraine Rodriguez at (202) 317-6726 (not toll-free numbers). SUPPLEMENTARY INFORMATION: Background The final regulations (TD 9901) that are the subject of this correction are under sections 250 and 861 of the Internal Revenue Code. ( printed page 69501) Need for Correction As published on July 15, 2020 ( 85 FR 43042 ) the final regulations (TD 9901) contain errors that need to be corrected. Correction of Publication Accordingly, the final regulations (TD 9901) that were the subject of FR Doc. 2020-14649 , published at 85 FR 43042 (July 15, 2020), are corrected as follows: 1. On page 43044, third column, the third through the fifth, and the ni…
Other Federal Register documents from the same docket.
Deduction for Foreign-Derived Intangible Income and Global Intangible Low-Taxed Income; Correcting Amendments
Deduction for Foreign-Derived Intangible Income and Global Intangible Low-Taxed Income; Correcting Amendment
Deduction for Foreign-Derived Intangible Income and Global Intangible Low-Taxed Income
Citation: 85 FR 69500
