IRS Prop. Reg.: Correction to Deduction for Foreign-Derived Intangible Income and Global Intangible Low-Taxed Income (IRC §250)

Correction to proposed rules that would provide guidance to determine the amount of the deduction for foreign-derived intangible income and global intangible low-taxed income, released April 11. The IRS changed references to May 2, 2019, to March 4, 2019, in addition to corrections to Proposed Treasury Regulations Section 1.250(b)-1, Section 1.250(b)-5, and Section 1.250(b)-6. [REG-104464-18, RIN 1545-BO55, 84 Fed. Reg. __ (Apr. 12, 2019)]

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