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Fae Form 182

Fae Form 182

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hello and welcome to this session in which we will discuss the foreign derived intangible income fdii what is the big idea of this foreign derived intangible income what's the purpose of it the purpose is to promote is to encourage companies to export so what are you going to do you're going to give companies some sort of an incentive specifically Financial incentive so the tax cuts and jobs act introduce a deduction aimed at promoting at encouraging us Corporation export activities so what we do is we give a deduction to companies that engage in expanding International Trade we help them how we give them a deduction what would a deduction do a deduction would reduce your taxable income it would reduce your taxes so fdii essentially represent earnings from selling goods or services to non us entities for use outside the US so you have to do what you have to sell goods for someone outside the US and it cannot be a us entity to do what to encourage us export so in this se

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