United States Tax News
US: Notice 2020-69 provides rules on entity treatment election for certain S corporations for purposes of GILTI in AAA inclusions
Tax Treaty between Croatia and the U.S. Under Negotiation
Cyprus’ Tax Authority issues clarification note regarding bilateral CAA with US
U.S. IRS Releases Final and Proposed Regs on Business Interest Expense Deduction Limitation for Publication
U.S. Interest Rates on Overpaid and Underpaid Tax Unchanged for Q4 2020
Digital Companies Passing on Cost of Taxes on Digital Services to Customers
U.S. IRS Seeking Comments Concerning Requests for Competent Authority Assistance Under Tax Treaties
U.S. IRS Announces Additional Guidance on Base Erosion and Anti-Abuse Tax
US Treasury and the IRS propose complex, taxpayer-favorable regulations to reduce possibility of double taxation caused by anti-abuse rules on GILTI gap period
U.S. IRS Releases Practice Unit on Foreign Earned Income Exclusion for Individuals
US Treasury and IRS finalize DRD anti-abuse regulations with few changes
Singapore Announces Entry into Force of Reciprocal FATCA Agreement with the U.S.
U.S. Presidential Candidate Joe Biden's Tax Plan Measures
U.S. IRS Issues Guidance to implement Presidential Memorandum Deferring Certain Employee Social Security Tax Withholding
U.S. IRS and Treasury Issue Final and Proposed Regulations on Dividends Received Deduction Limitation
U.S. President Trump's Second Term Agenda Tax Measures
U.S. IRS Releases Practice Unit on LIFO Pooling Requirements
U.S. IRS Releases Practice Unit on Taxability of Distributions Not from Accumulated Earnings & Profits
U.S. IRS and Treasury Issue Corrections to Regulations on Outbound Property Transfers by Domestic Corporations
U.S. Suspends or Terminates Three Bilateral Agreements with Hong Kong
U.S. IRS Announces Competent Authority Agreement with Switzerland Regarding Arbitration
U.S. IRS Releases Practice Unit on Computation and Review of Exchange Gain or Loss
U.S. IRS and Treasury Issue Corrections to Final BEAT Regulations
U.S. IRS and Treasury Issue Correction to Proposed Rulemaking on Hybrid Arrangements and GILTI
U.S. IRS Announces Competent Authority Agreement with Switzerland Regarding NAFTA/USMCA
U.S. President Signs Executive Order for Payroll Tax Deferral
U.S. IRS and Treasury Issue Corrections to Regulations Regarding Certain Hybrid Arrangements
US final and proposed regulations under Section 163(j) narrow definition of business interest expense, expand anti-avoidance rules and substantially revise rules for foreign corporations
U.S. IRS Provides Guidance on Recapturing Excess Employment Tax Credits
U.S. IRS Releases Revised Practice Unit on the Receipt of Dividends or Interest from a Related CFC
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