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IRS Issues Rules on Intellectual Property Repatriations

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IRS Issues Rules on Intellectual Property Repatriations

  • By Isabel Gottlieb
  • By Michael Rapoport

The IRS released rules affecting intangible property repatriations or transactions in which companies bring intellectual property like patents and trademarks back to the United States. The proposed rules would turn off the application of 367(d) in certain instances to help avoid “excessive” U.S. taxation on income related to the repatriated intangible property.

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