The U.S. IRS has announced an update to its questions and answers (Q&A) on reporting related to the section 965 transition tax on 2017 tax returns. The latest Q&A, dated 4 June 2018, includes three additional questions regarding certain penalty and filing relief.
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WASHINGTON — The Internal Revenue Service (IRS) today announced that it will waive certain late-payment penalties relating to the section 965 transition tax, and provided additional information for individuals subject …