Understanding the FDII Deduction
C corporations with foreign-derived intangible income can benefit from a 37.5% deduction. This article provides guidance and dispels general misconceptions or mistaken impressions regarding this new deduction. Further, the article provides an overview of the FDII concepts and pertinent definitions and terminology, as well as practice tips and implications for claiming the FDII deduction, for which many companies are not certain whether they qualify.
To read the full article in Journal of Accountancy, click: Understanding the FDII Deduction.