United States Tax News
PE Watch: Latest developments and trends, February 2023
U.S. President Biden Calls for Increased Tax on Stock Buybacks and a Billionaire Minimum Tax
FASB Discusses Applicability of Deferred Tax Accounting to the GloBE Rules
U.S. Treasury Welcomes Technical Guidance for Implementation of Pillar 2 Global Minimum Tax
U.S. Senator Wyden to Reintroduce Legislation for 25% Tax on Oil Company Share Buybacks
U.S. Congressional Research Service Report on New Corporate Stock Repurchase Excise Tax
US IRS addresses deductions involving cryptocurrency in two Chief Counsel Advice memos
US | Interim guidance on stock buyback excise tax offers mixed bag for corporate taxpayers
IRS Updates Instructions for Limitation on Business Interest Expense Under Section 163(j)
Updated 2022 US Section 1256 qualified board or exchange list
US IRS examiners must consult IRS counsel before applying the economic substance doctrine in transfer pricing audits
Updated US list of foreign currency futures contracts - starting point for Section 1256
U.S. Congressional Research Service Publishes Updated Report on New Corporate Alternative Minimum Tax Taking into Account Interim Guidance
IRS Announces Tax Relief for Victims of Severe Winter Storms, Flooding, Landslides, and Mudslides in California
U.S. Joint Committee on Taxation Publishes List of Expiring Federal Tax Provisions 2022 to 2034
U.S. IRS Practice Unit on Identifying and Handling Claims for Changes in Accounting Methods
Nebraska Considering Further Tax Rate Cuts
U.S. IRS Practice Unit on Accounting Method Basics
Taiwan and the U.S. Considering Income Tax Agreement
Companies incorporated in Tanzania Mainland are no longer required to register a subsidiary company in Zanzibar
U.S. Treasury Consulting on Report and Application for Beneficial Ownership Information Reporting Requirements
US final regulations issued for qualified foreign pension funds contain some favorable clarifications
National Taxpayer Advocate Releases Annual Report to U.S. Congress
US IRS releases interim guidance on 15% corporate alternative minimum tax
IRS Provides Tax Relief for California Storm Victims
IRS Updates Instructions for Form 4562 (2022) Depreciation and Amortization Including Immediate Expense Limit
U.S. Representative Introduces Fair Tax Act to Repeal All Income Taxes, Abolish the IRS, and Introduce a National Sales Tax
FATCA Agreement between Argentina and the U.S. has Entered into Force
U.S. Publishes Joint Statement with Germany on the Spontaneous Exchange of CbC Reports
US Acting IRS Commissioner affirms continued participation in ICAP
Unify Your Processes
Simplify Compliance
Empower Your Team