Regulations coming on S corporations with accumulated E&P and GILTI

Regulations coming on S corporations with accumulated E&P and GILTI

The IRS announced that it will issue regulations to allow S corporations with accumulated earnings and profits to elect to have global intangible low-taxed income inclusions increase the S corporation’s accumulated adjustments account.
Source: Tax News
Read More here – Regulations coming on S corporations with accumulated E&P and GILTI