United States Tax News
U.S. IRS Releases Revised Practice Unit on the Receipt of Dividends or Interest from a Related CFC
U.S. IRS Issues Proposed Regulations for TCJA's Simplified Tax Accounting Rules for Small Businesses
U.S. IRS Releases Practice Unit Providing an Overview of Accuracy-Related Penalties
U.S. IRS Issues Final and Proposed Regs on Business Interest Expense Deduction Limitation
US: "Tested unit" standard in final GILTI regulations limits aggregating items of income, while proposed regulations would adopt the same standard for subpart F income high-tax exception
FBI Issues Alert on Mandated Chinese VAT Software
US Final and proposed GILTI regulations deliver few benefits and more than a few surprises
US final GILTI/FDII regulations under Section 250 include guidance on Section 962 elections, pass-through FDII reporting
EY Global Tax Controversy Flash Newsletter (Issue 24) | Expected heightened global tax controversy from COVID-19 disruptions
US IRS releases new draft partnership Schedules K-2 and K-3 for international tax reporting
U.S. IRS Announces Release of Regulations on Income Subject to a High Rate of Foreign Tax for GILTI
U.S. IRS Publishes "Dirty Dozen" List of Tax Scams for 2020
G20 Finance Ministers Communiqué Published Following Virtual Meeting
U.S. IRS Releases Practice Unit on FTC Limitation and Computation
U.S. IRS Releases Practice Units on Reasonable Cause and Good Faith, Inventory LIFO, S Corp Distributions, and Others
U.S. IRS Announces Release of Draft Partnership Form to Provide Greater Clarity on International Tax Reporting
US Final FDII regulations retain proposed regulations’ structure, but reduce documentation burden, defer effective date and make important substantive changes to the computation of Section 250 deduction
U.S. IRS Publishes Release on the Two-Year Anniversary of the Formation of the Joint Chiefs of Global Tax Enforcement
USTR Announces Additional 25% Duties on French Products in Response to DST
OECD Publishes U.S. Economic Survey Including Recommendations for Recovery from COVID-19
COVID-19 and US CARES Act implications on interim filings under IFRS
IRS Finalizes Guidance on Deduction for Foreign-Derived Intangible Income and Global Intangible Low-Taxed Income
US Temporary Regulations on NOL carrybacks address new split-waiver elections
U.S. IRS Announces Guidance for Consolidated Groups Regarding Net Operating Losses
IRS Announces 15 July Filing and Payment Deadline Will Not be Postponed
U.S. Senators Push for Inclusion of End Outsourcing Act as Part of Next COVID-19 Package
IRS Issues Reminder on 15 July Tax Payment Deadline
Draft Bill Introduced in U.S. Congress to Prevent Inverted Companies from Benefiting from the CARES Act
U.S. Treasury Secretary May Consider Further Return Deadline Extension
U.S. IRS and Treasury Issue Final Regulations on Qualified Business Income Deduction
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