Recent changes may eliminate some of the deemed distributions from controlled foreign corporations..

GILTI, Tax, International Tax

The IRS has had a long-standing concern about taxpayers who try to use debt rather than stock..

International Tax

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020,..

COVID-19, Tax Compliance

The US Bureau of Economic Analysis (‘BEA’), an agency of the US Department of Commerce, monitors..

Here we go for a third time! The IRS issued News Release (IR-2020-58) with the following:

Tax

The IRS released Notice 2020-19 that clarifies some issues on the 90-day delay in tax payments:

Tax

There is no official IRS or Treasury Department document that has been released providing..

Tax

DOES NOT INCLUDE TECHNICAL CORRECTIONS RELIEF FOR THE “DOWNWARD ATTRIBUTION” PROBLEM CREATED BY THE..

GILTI, Tax

The IRS just released regulations related to two code section changes that were enacted under the..

Revenue Recognition