EYUS: Final and proposed regulations limit impact of repeal of Section 958(b)(4)
|Tax Alerts, National/Federal Taxation, L ...|United States
Executive summary
On 21 September 2020, the United States (US) Treasury Department (Treasury) and the Internal Revenue Service (IRS) released final regulations (TD 9908) and proposed regulations (REG-110059-20) on the repeal of Internal Revenue Code1 Section 958(b)(4) by the Tax Cuts and Jobs Act (TCJA). The regulations do not undo the repeal of Section 958(b)(4). Instead, the regula…
Continue Reading
