Webinar: Proposed Regulations for Section 987: Is This It?

Since its enactment in 1986, the Section 987 landscape has seen its fair share of changes. The first set of proposed regulations came out in 1991, and taxpayers have been using those regulations and various other methodologies ever since. Over the years, there have been numerous sets of regulations proposed, finalized, and deferred.

Now we find ourselves with a new set of proposed regulations issued in November 2023 for Section 987. But are these the final ones?

These 2023 proposed regulations maintain the same methodology as the 2016 final regulations while introducing certain simplifying elections. If the 2023 proposed regulations are finalized, with general applicability beginning with the 2025 tax year, transitioning to a new Section 987 methodology will create a lot of work for tax departments. 

In this one-hour webinar, GTM’s Raymond Wynman and Andrew McKinley help multinationals understand the potential changes to Section 987 that are looming on the horizon.

What You'll Learn:

• The Evolution of Section 987: A concise historical overview, setting the stage for understanding the significance of the 2023 proposed regulations.
• 2023 Proposed Regulations Decoded: Dive into the details of the new regulations, including:
  • The foreign exchange exposure pool (FEEP) methodology
  • Current rate and annual recognition elections and loss deferral rules.
  • Key transition rules you need to know.
  • An actionable implementation timeline to keep you ahead.
• Avoiding Common Pitfalls: Identify and sidestep potential traps that could impact your organization.
• Practical Steps Forward: Equip yourself with actionable strategies for adapting to these changes.

Earn 1 CPE for Attending the Live Event