State Taxation of Foreign Income: Section 163(j), GILTI, Section 250 Deduction, Repatriation Payments
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will discuss the multitude of differences in state requirements for reporting foreign income. Our panel of experts in foreign income tax matters will explain the latest developments in state taxation of GILTI income, the corresponding Section 250 deduction, and Section 965 repatriation payments for practitioners and advisers reporting foreign income in multiple states.
Outline
- Overview of state methods
- GILTI
- Section 250 deductions
- 163(j)
- Foreign exchange rate gains and losses
- State filing deadlines
- Other foreign income
Benefits
The panel will cover these and other critical issues:
- The latest state developments in taxing foreign income
- Pending state legislation relative to the taxation of foreign income
- Common state methods for taxing Section 951A income
- How states treat 163(j) interest
Faculty

Katie Girmscheid, CPA
Managing Director, State and Local Tax
BDO USA
Ms. Girmscheid is a Senior Manager in BDO Chicago’s State and Local Tax Practice with over 9 years in public... | Read More
Ms. Girmscheid is a Senior Manager in BDO Chicago’s State and Local Tax Practice with over 9 years in public accounting. Katie specializes in on multi-state organizations, including complex multi-tiered partnerships, ensuring our clients meet all compliance requirements and deadlines. Most of her clientele are corporate entities with heavy state and international presence.
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Ilya A. Lipin
Tax Principal, Atlantic Region State and Local Tax Practice Leader
BDO USA
Mr. Lipin provides clients with state tax advice in the area of multistate income taxes, sales and use taxes, tax... | Read More
Mr. Lipin provides clients with state tax advice in the area of multistate income taxes, sales and use taxes, tax controversy, compliance, and various SALT aspects that arise from M&A transactions.
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Scott Smith
National Technical Practice Leader - State & Local Tax
BDO USA
Mr. Smith sets BDO's policies and positions on technical SALT issues, as well as thought leadership, brand... | Read More
Mr. Smith sets BDO's policies and positions on technical SALT issues, as well as thought leadership, brand visibility, training and risk management. His SALT practice is the result of over 25 years of experience and is national in scope and focused on multistate tax consulting, representing clients in multistate SALT controversies, and advising clients with respect to their multistate tax planning. The main concentration of Mr. Smith's SALT practice is on corporate income and franchise taxes, but he has also advised and represented clients with respect to their sales and transactions tax needs as well. A significant amount of his representation focuses on helping clients on the state tax consequences of mergers and acquisitions, intra-group reorganizations, special purpose entities, and business planning.
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CPE credit is not available on downloads.
CPE On-Demand