United States Tax News

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Draft U.S. Bill Would Extend the Employee Retention Credit Introduced in Response to COVID-19

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Kazakhstan Senate Approves FATCA Agreement with the U.S.

Orbitax

U.S. Joint Committee on Taxation Publishes List of Expiring Federal Tax Provisions 2021 to 2031

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U.S. IRS Updates FAQs to Assist Taxpayers in Filing Valid Research Credit Claims for a Refund

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U.S. FinCEN Notes Next Steps in Beneficial Ownership Information Reporting

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Ukraine Clarifies Withholding on Contractual Penalties Under Tax Treaty with the U.S.

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Update - Idaho 2022 Tax Relief Bill Signed into Law

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Idaho Approves 2022 Tax Relief Bill Including Tax Rate Reductions for Individuals and Companies

EY

US final regulations treat domestic partnerships as aggregates for applying certain subpart F provisions, and proposed regulations would apply a similar approach to PFICs

EY

Updated US list of foreign currency futures contracts - starting point for Section 1256

EY

US proposed regulations would expand scope of subpart F rules on related person insurance income

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U.S. IRS Issues Final Regulation on Determining Stock Ownership

EY

US IRS changes to instructions for 2021 partnership Schedules K-2 and K-3 are relevant to many partnerships, including private equity and private capital funds

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U.S. IRS Strengthening Anti-Abuse Efforts with Hiring of 200 Attorneys

EY

US IRS announces pilot fast-track program that resolves corporate letter ruling requests in 12 weeks

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U.S. IRS Kicks Off 2022 Tax Filing Season

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U.S. Treasury Secretary Remarks on Global Minimum Tax

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U.S. IRS Lists Top 5 Things to Remember When Filing Income Tax Returns in 2022

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U.S. Senator Wyden Continues Investigation into Big Pharma Tax Avoidance Practices

EY

Tuesday, 25 January 2022 | Tax policy matters: Prepare for potential impact of reform on your business (2:30 PM CET)

Orbitax

U.S. IRS Releases Revenue Procedure Establishing 18-Month Pilot Program for Fast-Tracking Corporate Letter Ruling Requests

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Senate Finance Committee Leaders Call on USTR to Use (USMCA) to Ensure Canada and Mexico Live up to Their Commitments

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IRS Taxpayer Advocate Service Publishes Recommendations to Strengthen Taxpayer Rights and Improve Tax Administration

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Kazakhstan Mazhilis Approves FATCA Agreement with the U.S.

EY

US foreign tax credit regulations revamp creditability rules for foreign income taxes and include several other key changes

Orbitax

U.S. IRS Criminal Investigative Arm Counts Down Top 10 Cases for 2021

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U.S. Congressional Research Service Report on Tax Havens: International Tax Avoidance and Evasion

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U.S. Congressional Research Service Report on Corporate Income Taxation in a Global Economy

Orbitax

U.S. IRS Issues FAQs to Assist Taxpayers in Filing Valid Research Credit Claims for a Refund

EY

US | Final rules address tax consequences of transitioning from the use of LIBOR and other interbank offered rates in certain financial contracts

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