FDII Updates: Maximizing Tax Savings on Foreign Income

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Every C corporation that derives gross income from export activities should consider the foreign-derived intangible income (FDII) deduction.

Join the Economic Development Partnership of North Carolina (EDPNC) and colleagues from Elliott Davis for a session about Foreign-Derived Intangible Income (FDII). The final regulations governing the Foreign-Derived Intangible Income (FDII) made crucial modifications to the applicability of the incentive for corporations that export or provide services benefiting customers outside of the United States. Join us for a discussion on how the FDII incentive works within export and foreign-service industries and how businesses can optimize their deduction by means of the modifications provided in the final regulations.

The Tax Cuts and Jobs Act (TCJA) included a new tax-savings opportunity relevant to internationally active companies: a deduction under Section 250 for foreign-derived intangible income, commonly referred to as FDII. This deduction is available to domestic entities across a broad range of industries that are taxed as C corporations. The FDII deduction applies in general to U.S. C corporations with sales of tangible personal property, sales or licenses of intangible property, or sales of services to non-U.S. customers and/or customers located outside the United States.

Join us for an in-depth discussion and bring your questions.

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