United States: New Section 385 Regulations: What You Should Know
Last Updated: December 13 2016

Start Time: Dec 14, 2016 2:30 PM ET

End Time: Dec 14, 2016 4:00 PM ET

Location Details: Online

Event Type: Webcast

Recommended CPE Credits: 1.5

Audience: Tax professionals

Contact: Julia Dolinsky

Phone: +1 202 521 1516

Email: julia.dolinsky@us.gt.com

Register for webcast

Program Content:

New final and temporary regulations under Section 385, addressing the treatment of related-party debt, significantly narrow parts of the controversial proposed regulations released in April.  

The proposed regulations were widely perceived as interfering with various ordinary business transactions that involve related parties as well as common treasury management techniques, such as cash pooling.

The new guidance, released on Oct. 13, includes final and temporary regulations (T.D. 9790) intended to deter certain "earnings stripping transactions" that are often used as domestic, international, or state and local tax planning strategies. The regulations are part of the IRS and Treasury's continued assault on inversion transactions, but also have a broader impact on many transactions both domestic and cross-border.

Join our webcast to learn how these new regulations may affect your organization.

Learning Objectives:

  • Recognize the purpose and scope of the regulations and how they will affect your organization.
  • Provide a detailed analysis regarding the technical application of the regulations.
  • Identify specific provisions that could affect your business, including a discussion regarding the regulatory impact on cash-pooling systems.

Featured speakers

  • Andrew Cordonnier, partner, Washington National Tax Office, Washington D.C.
  • Jeff Borghino, partner, Washington National Tax Office, Washington D.C.
  • David Sites, partner, Washington National Tax Office, Washington, D.C.
  • Jamie Yesnowitz, principal, Washington National Tax Office, Washington, D.C.

Recommended Field of Study:  Taxes

Program Level:  Overview

Prerequisite:  None

Delivery Method:  Group-internet

If you have any questions or encounter any difficulties while enrolling, please contact technical support via phone at +1 877 398 9939, via email at GTWebcast@level3.com, or visit our webcasting frequently asked questions page.

If you have any questions regarding CPE credit, please contact CPE support via phone at +1 630 396 5831, via email at CPEEvents@us.gt.com, or visit our webcast CPE information page.

Register for webcast - See more at: https://www.grantthornton.com/events/tax/2016/12-14-new-section-385-regulations.aspx#sthash.pByMfvN7.dpuf

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