Page 25 - Large Business IRS Training Guides

BEP / ETB (cont’d)

BEP BETB

premium or other consideration
reduction in the gross amount of
Any Any
or other consideration or any
any
paid or accrued to a FRP for premiums
reinsurance payments deduction from
taken into
the amount of gross
account under section 803(a)(1)(B) or premium

related to the BEP
832(b)(4)(A)

receipts for the
Reductions Reduction to gross
in gross receipts from
with respect to the BEP
accrued to –
amounts paid or taxable year
• a corporation that
is a surrogate
after
foreign corporation (SFC)
11/9/2017; or

• a foreign corporation that
is a
the same extended
member of
affiliated group as
an SFC

• See discussions
below for additional rules, including exceptions

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