Youtor
Nebraska Supreme Court holds Section 965 income does not qualify for DRD
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=u0YXhA4zay8
The Nebraska Supreme Court on August 30 held that IRC Section 965 income included on a taxpayer’s federal return did not qualify for the state’s dividend received deduction (DRD). Although the decision is specifically about the treatment of Section 965 income, the Court’s rationale also could apply to the Department’s position that GILTI and most components of Subpart F do not qualify for the DRD. • Learn more at PwC.com - https://www.pwc.com
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