Recent changes may eliminate some of the deemed distributions from controlled foreign corporations..
The Internal Revenue Service issued Revenue Procedure 2019-40 and proposed regulations that provide..
Impacts Partners and S Corporation Shareholders with Less Than 10% Interest in CFCs
The IRS has released a new Form 1118, “Foreign Tax Credit — Corporations,” and new instructions..
Now that the Transition Tax is (almost) behind us, US Shareholders of foreign corporations..
The Tax Cuts and Jobs Act (TCJA), passed in December of 2017, was aimed at encouraging..