The U.S. IRS has published the final forms and most of the final instructions in relation to changes brought about by the Tax Cuts and Jobs Act (TCJA). Some of the main forms and instructions that have been finalized include:
- Form 8990 and Instructions - Limitation on Business Interest Expense Under Section 163(j)
- Form 8992 and Instructions - U.S. Shareholder Calculation of Global Intangible Low-Taxed Income (GILTI)
- Form 8993 and Instructions - Section 250 Deduction for Foreign Derived…