United States Tax News
US IRS rules gains and losses arising from commodity hedges may be sourced by reference to the underlying hedged inventory property
New Jersey Division of Taxation Issues Notice on Business Tax Return Due Date Change
U.S. Members of Congress Seek Pause in Potential GILTI and International Tax Reform
U.S. IRS Extends Videoconferencing to Large Business Taxpayers
U.S. IRS Updates Process for Frequently Asked Questions on New Tax Legislation and Addresses Reliance Concerns
EY Global Tax Controversy Flash Newsletter (Issue 39) | Shifting international tax landscape may bring greater tax controversy risks
U.S. Congressional Research Service Publishes Report on Proposed Changes in the Taxation of Global Intangible Low-Taxed Income
Cyprus Publishes Notice on Expected Effective Date of CbC Exchange with the U.S. and Local Filing Obligations
U.S. IRS Provides Guidance Required Information for a Valid Research Credit Claim for Refund
French Finance Minister Says U.S. Must Commit to Dropping Tariffs in Response to French Commitment to Drop Digital Services Tax
U.S. OASDI and SSI Program Rates & Limits for 2022 Published
US IRS representatives say MAP and APMA cases are more difficult because of high adjustments, express concern about unilateral relief
G20 Finance Ministers Endorse Final Political Agreement on OECD Two-Pillar Solution for International Tax Reform
US House Ways & Means reconciliation bill proposes important credits and incentives that would encourage investment in Puerto Rico
US IRS maintaining its policy on “telescoping” in APA and MAP cases while trying to alleviate administrative burden, official says
U.S. IRS Providing Further Deferral for Regulations on Foreign Currency Gains/Losses
Cyprus Tax Authority issues clarification regarding Competent Authority Agreement with the United States for exchange of CbC reports
U.S. Treasury List of International Boycott Countries Published
U.S. Treasury Secretary Yellen Issues Statement on Agreement for Global Tax Reform
Ranking Members of U.S. Senate Committees Warn Against Bypassing Treaty Process for Implementing Global Tax Reform
Iowa Releases Updated Guidance on Corporate Income Tax Changes for 2021
U.S. IRS Publishes Practice Unit on Examining a Reseller's 263A Computation
Massachusetts Considering Tax on Online Advertising
USTR Publishes Factsheet on Biden Administration's New Approach to the Trade Relationship with China
U.S. IRS and Treasury Issue Corrections to Final and Temporary Regulations on Foreign Tax Credits
U.S. Congressional Research Service Publishes Report on House Ways and Means Committee's Legislative Recommendations
Thursday, October 28 | BEPS 2.0: Beyond 2021 (11:30 am ET)
US IRS and Treasury release 2021--2022 Priority Guidance Plan with new transfer pricing projects
U.S. IRS and Treasury Issue Final Regulations Providing Guidance on Qualified Improvement Property and Foreign Tax Credit
U.S. Treasury Secretary Yellen Stresses Importance of Digital Tax Withdrawal Compromise with France, Italy, and the UK
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