United States Tax News

Supreme Court to Hear Case on Client-Attorney Privilege in the Context of Dual-Purpose Legal Advice

4 October 2022

Iowa to Cut Top Corporate Tax Rate in 2023

3 October 2022

EU Policy Suggestions on FATCA Include Blocking Legislation Until Reciprocity Issues are Resolved

28 September 2022

U.S. Senator Wyden Continues Investigation into Private Placement Life Insurance Schemes

27 September 2022

IRS Reminds Taxpayers to File by 30 September 2022 for COVID Penalty Relief

27 September 2022

U.S. Office of Information and Regulatory Affairs Concludes Review of Regulations for Beneficial Ownership Reporting

26 September 2022

US IRS and Treasury intend to issue proposed regulations on application of the noncompulsory payment regulations to certain amended Puerto Rico tax decrees

26 September 2022

President Biden Reiterates Support for Global Minimum Tax in UN Address

23 September 2022

US IRS official reemphasizes IRS focus on penalties in transfer pricing cases

23 September 2022

ATO Publishes Draft Revised Ruling on the Right to Tax Interest Income of Financial Institutions Under U.S. and UK Tax Treaties

22 September 2022

IRS Guidance Advises That Improperly Forgiven Paycheck Protection Program Loans are Taxable

22 September 2022

IRS Issue Notice on Application of Foreign Tax Credit Noncompulsory Payment Rules to Amended Tax Decrees between MNEs and Puerto Rico

20 September 2022

IRS Accepting Applicants for Compliance Assurance Process for 2023

19 September 2022

Turkey Establishes Effective Date for CbC Exchange Agreement with the U.S.

15 September 2022

US Chief Counsel memo clarifies process for determining assessment statute expiration date in multi-year Section 332 liquidation

15 September 2022

U.S. Treasury Publishes Audit Report Finding that Compliance Efforts are Needed to Address Refund Claims Based on CARES Act NOL Carryback Provisions

13 September 2022

Malaysia Ratifies FATCA Agreement with the U.S. Along with Implementing Rules and Regulations

13 September 2022

EY Global Tax Controversy Flash Newsletter (Issue 50) | Updates to MAP processes may increase taxpayer participation

13 September 2022

Israel and U.S. to Start Negotiations for Revised Tax Treaty

9 September 2022

Idaho Approves Further Tax Rate Reductions for Individuals and Companies

8 September 2022

Italian Court of Cassation holds EU regime on dividend distributions is also applicable to pension funds not qualifying as EU/EEA

8 September 2022

US Sixth Circuit rules in favor of Eaton in appeal from Tax Court regarding APA cancellation

6 September 2022

U.S. IRS Practice Unit on IRC 958 Rules for Determining Stock Ownership

1 September 2022

Switzerland and U.S. to Start Negotiations for Tax Treaty Revisions

31 August 2022

US IRS gives widespread penalty relief for 2019 and 2020 returns filed by 30 September 2022, will refund penalties already paid

29 August 2022

U.S. Senator Wyden Uncovers Major Loophole in Offshore Account Reporting

29 August 2022

U.S. IRS Penalty Relief with Respect to 2019 and 2020 Individual and Corporate Returns

29 August 2022

US Tax Court increases Medtronic royalty rate under unspecified method

25 August 2022

U.S. IRS Provides Further Delay for Certain Dividend Equivalent Rules

24 August 2022

Fourth Quarter Update to U.S. 2021-2022 Priority Guidance Plan Released

23 August 2022