Section 987 Compliance Guide

New Section 987 requirements have created significant compliance considerations for taxpayers with Qualified Business Units (QBUs), which may include foreign disregarded entities, branches, or partnerships. Affected taxpayers may need to complete a one-time transition calculation, perform annual Section 987 computations, and maintain supporting documentation.

Download our Section 987 Compliance Guide to learn:

• Which entities may qualify as QBUs
• What the Section 987 transition calculation involves
• Common implementation and documentation challenges
• How historical foreign exchange gains and losses may affect the calculation
• Where potential foreign exchange losses and tax benefits may exist
• How McGuire Sponsel works alongside CPA firms to support compliance

Enter your information to download our complimentary guide.