United States Tax News

U.S. IRS and Treasury Issue Corrections to Regulations Regarding Certain Hybrid Arrangements

5 August 2020

U.S. IRS Provides Guidance on Recapturing Excess Employment Tax Credits

4 August 2020

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

4 August 2020

Switzerland and the U.S. Signed Competent Authority Agreement on Implementation of Arbitration

3 August 2020

U.S. IRS Releases Revised Practice Unit on the Receipt of Dividends or Interest from a Related CFC

3 August 2020

U.S. IRS Issues Proposed Regulations for TCJA's Simplified Tax Accounting Rules for Small Businesses

31 July 2020

U.S. IRS Releases Practice Unit Providing an Overview of Accuracy-Related Penalties

31 July 2020

U.S. IRS Issues Final and Proposed Regs on Business Interest Expense Deduction Limitation

30 July 2020

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

28 July 2020

FBI Issues Alert on Mandated Chinese VAT Software

27 July 2020

US Final and proposed GILTI regulations deliver few benefits and more than a few surprises

23 July 2020

EY Global Tax Controversy Flash Newsletter (Issue 24) | Expected heightened global tax controversy from COVID-19 disruptions

22 July 2020

US IRS releases new draft partnership Schedules K-2 and K-3 for international tax reporting

22 July 2020

US final GILTI/FDII regulations under Section 250 include guidance on Section 962 elections, pass-through FDII reporting

22 July 2020

U.S. IRS Announces Release of Regulations on Income Subject to a High Rate of Foreign Tax for GILTI

22 July 2020

U.S. IRS Publishes "Dirty Dozen" List of Tax Scams for 2020

21 July 2020

G20 Finance Ministers Communiqué Published Following Virtual Meeting

20 July 2020

U.S. IRS Releases Practice Unit on FTC Limitation and Computation

20 July 2020

U.S. IRS Releases Practice Units on Reasonable Cause and Good Faith, Inventory LIFO, S Corp Distributions, and Others

17 July 2020

U.S. IRS Announces Release of Draft Partnership Form to Provide Greater Clarity on International Tax Reporting

16 July 2020

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

15 July 2020

U.S. IRS Publishes Release on the Two-Year Anniversary of the Formation of the Joint Chiefs of Global Tax Enforcement

14 July 2020

OECD Publishes U.S. Economic Survey Including Recommendations for Recovery from COVID-19

13 July 2020

USTR Announces Additional 25% Duties on French Products in Response to DST

13 July 2020

COVID-19 and US CARES Act implications on interim filings under IFRS

10 July 2020

IRS Finalizes Guidance on Deduction for Foreign-Derived Intangible Income and Global Intangible Low-Taxed Income

10 July 2020

US Temporary Regulations on NOL carrybacks address new split-waiver elections

9 July 2020

U.S. IRS Announces Guidance for Consolidated Groups Regarding Net Operating Losses

7 July 2020

IRS Announces 15 July Filing and Payment Deadline Will Not be Postponed

1 July 2020

U.S. Senators Push for Inclusion of End Outsourcing Act as Part of Next COVID-19 Package

1 July 2020