Program:

From the 1991 Proposed Regs, to the 2016 Final Regs and now the 2023 Proposed Regs, Sec. 987 has come a long way. Join us on April 18th as we discuss the newly-released guidance for Sec. 987. The proposed regulations provide rules on determining income and currency gain or loss with respect to a Qualified Business Unit (QBU) that uses a functional currency different from its owner. Learn the important conceptual changes, the information required for computing the tax liability under the new rules.

Learning objectives:

• Obtain a general understanding of Section 987 methodologies under the 1991, 2006 and 2016 regulations
• Overview of the 2023 Section 987 regulations, new elections and what they mean for foreign currency gain and loss computations going forward
• Discuss practical insights based on experience in applying the various methodologies and planning in order to prepare for the implementation of the new regime.

Speakers:
Wilson Brakefield, Manager, BDO National Tax Office, New York, NY
Natallia Shapel, Partner, BDO, New York, NY
Alison Ray, Senior Manager, BDO, New York, NY

Registration is required.

There is no fee for members. Non-member fee is $25.

Scholarship Information
Cancelation and Refund Policy

CLE/CPE Information

Recommended CLE credits: 1.5 Taxation
Recommended CPE credits: 1.5 Taxes
In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour. IFA USA National Registry Sponsor # 112000
Program Level: Basic-CPE, Intermediate-CLE
Program prerequisites: None
Advanced Preparation: None

USA Branch, International Fiscal Association Inc. (IFA USA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org

National Registry Sponsor #112000