Rev. Proc. 2020-37, page 381.

This revenue procedure provides: (1) tables of limitations on depreciation deductions for owners of passenger automo

Finding Lists begin on page ii.

biles first placed in service by the taxpayer during calendar year 2020; and (2) a table of amounts that must be included in income by lessees of passenger automobiles first leased by the taxpayer during calendar year 2020. The tables detailing these depreciation limitations and lessee inclusion amounts reflect the automobile price inflation adjustments required by section 280F(d)(7). For purposes of this revenue procedure, the term “passenger automobiles” includes trucks and vans.

T.D. 9901, page 266. These final regulations provide guidance on the deduction for Foreign-Derived Intangible Income and Global Intangible Low-Taxed Income under section 250 of the Code, which was added to the Internal Revenue Code (the “Code”) by the Tax Cuts and Jobs Act, Pub. L. No. 155-97 (2017). The final regulations replace previously issued proposed regulations and provide guidance on both the computation of the deductions available under section 250 and the definition and determination of FDII. In addition, the final regulations provide rules, pursuant to section 1502 of the Code, for the computation of FDII in a consolidated group. Finally, these final regulations contain amendments to regulations under sections 962, 6038 and 6038A of the Code.

T.D. 9902, page 349. This document contains final regulations under the global intangible low-taxed income and subpart F income provisions of the Internal Revenue Code regarding the treatment of income that is subject to a high rate of foreign tax. The final regulations affect United States shareholders of foreign corporations. This guidance relates to changes made to the applicable law by the Tax Cuts and Jobs Act, which was enacted on December 22, 2017.