Events & Webcasts
Final Currency Rules for Foreign Branches - Section 987 Regulations
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Event type:
ON-DEMAND WEBCAST
Event location:
Online
Recommended CPE Credits:
Please note: CPE credits are not awarded for webcast replay.
Event audience:
Tax professionals, CFOs, Controllers, Treasury
Event contact details:
Event description
Over the course of almost 4 decades, Congress and the IRS have enacted various laws, regulations, and guidance to ensure that taxpayers engaging in certain foreign currency transactions do so in a manner that is consistent and reasonable. These rules span from taxpayers operating in hyperinflationary global markets to taxpayers that transact in multiple currencies.
More recently, the IRS has issued guidance on the branch transaction rules that are covered under Section 987. These rules generally apply to taxpayers that have one or more qualified business units (QBUs) with a functional currency that is different from that of the QBU’s tax owner.
In this webcast, we will unpack the final regulations by providing an overview of the scope and applicability, by discussing the transition rules, and by covering several new simplifying elections that are available to taxpayers.
Get a sneak peek of the webcast
1:11 | Transcript
Date and time
Original broadcast Tuesday, February 04, 2025
2:00 PM ET - 3:00 PM ET
Recommended CPE credits
Please note: CPE credits are not awarded for webcast replay.
Learning objectives
- Demonstrate a working knowledge of recent international tax developments.
- Analyze developments and guidance to determine their effects on your organization.
- Determine how these developments would apply under certain facts and circumstance and assess the impact.
Grant Thornton speakers:



David E. Sites
National Managing Principal, International Tax
Washington National Tax Office
Grant Thornton Advisors LLC
David leads the firm's International Tax practice, which focuses on global tax planning, cross border merger and acquisition structuring, and working with global organizations in a variety of other international tax areas.
Washington DC, Washington DC
Industries
- Manufacturing, Transportation & Distribution
- Technology, media & telecommunications
- Retail & consumer brands
Service Experience
- Tax
- International Tax



Cory Perry
Principal, International Tax
Washington National Tax Office
Grant Thornton Advisors LLC
Washington DC, Washington DC
Industries
- Manufacturing, Transportation & Distribution
- Technology, media & telecommunications
- Private equity
Service Experience
- Tax



Scott M. Robins
Principal, International Tax
Grant Thornton Advisors LLC
Scott is an International Tax the international tax and transfer pricing practice leader for Grant Thornton LLP’s Philadelphia, Baltimore, and Arlington offices.
Philadelphia, Pennsylvania
Service Experience
- Tax
- International Tax
Recommended Field of Study
Taxes
Program Level
Overview
Prerequisite
None
Delivery method
Group - Internet
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