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Tax Readiness: New foreign currency branch rules bring big changes

Wednesday, November 29, 2023 | 11:00 AM EST - 12:00 PM EST

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Tax Readiness: New foreign currency branch rules bring big changes

Wednesday, November 29, 2023 | 11:00 AM EST - 12:00 PM EST


This is now a recording.
Viewing this recording does not qualify for CPE.

CPE: 1

Subject Area: Taxes*

*Subject to change prior to program presentation

CPE Highlights:

CPE Credit: 1 | Field of Study: Taxes
Prerequisites: None | Knowledge Level: Basic

Learning objectives:

Learn about the proposed regulations include an election to treat all items of a QBU as marked items (subject to a loss suspension rule), an election to recognize all foreign currency gain or loss with respect to a QBU on an annual basis, and a new transition rule.

Course description:
Treasury and the IRS on November 9 released proposed regulations relating to the determination of taxable income or loss and foreign currency gain or loss with respect to a qualified business unit (QBU).

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