U.S. IRS Publishes International Practice Units on Liquidation of a Foreign Corporation and Accounting for Intangibles and Services Associated with Tangible Property
The U.S. IRS recently published two international practice units, including:
- Accounting for Intangibles and Services Associated with the Sale of Tangible Property– Outbound, which deals with the determination of whether there are any valuable intangibles and services relevant to the tangible property transaction that are not identified and priced by the taxpayer, and the applicable valuation …