United States Tax News
US: Taxpayers need to consider international tax implications of making certain net operating loss elections under Revenue Procedure 2020-24
US final and proposed regulations on hybrid mismatches, DCLs and conduit financing provide more certainty but some surprises
U.S. IRS Provides Guidance Under the CARES Act to Taxpayers with Net Operating Losses
U.S. IRS Releases Practice Unit on Adjustments for Overwithholding
U.S. IRS Extends More Tax Deadlines to Cover Individuals, Trusts, Estates Corporations, and Others
U.S. IRS Launches New Webpage for COVID-19 Tax Relief
US IRS issues annual APA report for 2019
U.S. IRS Updates Overview of MAP Process
U.S. Treasury Delays Tax and Reporting Due Dates for Alcohol, Tobacco, Firearms and Ammunition Businesses Hit by COVID-19
US CARES Act has corporate implications, including NOL deductions, Section 163(j) interest expense limitation and AMT acceleration
U.S. IRS Issues Release on Employee Retention Credit for Businesses Impacted by COVID-19
US CARES Act has international tax implications
U.S. IRS Issues Release on Economic impact payments for Individuals
U.S. Coronavirus Aid, Relief, and Economic Security (CARES) Act Signed into Law
U.S. Coronavirus Aid, Relief, and Economic Security (CARES) Act Signed into Law
U.S. IRS Unveils New People First Initiative; COVID-19 Effort Temporarily Adjusts, Suspends Key Compliance Program
U.S. Treasury, IRS, and Labor Announce Implementation of Coronavirus-Related Paid Leave for Workers and Tax Credits for Small and Midsize Businesses
U.S. Extends Tax Return and Payment Deadline to 15 July Without Payment Cap
Maryland General Assembly Approves Legislation for Introduction of Digital Advertising Tax and Sales Tax on Digital Products
U.S. Families First Coronavirus Response Act Signed into Law Including Payroll Tax Credits for Employers
End Outsourcing Act Submitted in U.S. Congress
U.S. Provides 90-Day Interest and Penalty-Free Payment Deadline Extension
U.S. Issues Release on Canada's Approval of USMCA
U.S. IRS Releases Practice Unit on How to Compute the AMT FTC for Individuals
Trump Administration Considering U.S. Payroll Tax Cut and Tax Deferral as Part of Economic Stimulus Plan to Counter Coronavirus Outbreak
U.S. Court Upholds Constitutionality of Revoking Passports of Taxpayers with Significant Tax Debts
Correcting Amendments to U.S. Final FATCA Regulations on Due Diligence and Reporting Published
Second Quarter Update to U.S. 2019-2020 Priority Guidance Plan Issued
U.S. Interest Rates on Overpaid and Underpaid Tax Unchanged for Q2 2020
U.S. IRS Issues Correction to Clarify Effective Date of Final BEAT Regulations
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