United States Tax News

Maryland Comptroller Statement on Court Decision that Digital Advertising Tax is Unconstitutional

26 October 2022

U.S. IRS Practice Unit on Report of Foreign Bank and Financial Accounts (FBAR)

25 October 2022

IRS Withdraws Proposed Regulations on Exclusion from Gross Income of Previously Taxed Earnings and Profits and Related Basis Adjustments

24 October 2022

Austria to Negotiate New Reciprocal FATCA Agreement with the U.S.

21 October 2022

IRS Notes Extended COVID Penalty Relief Deadlines for Disaster Areas

21 October 2022

Maryland Court Holds Digital Advertising Tax is Unconstitutional

20 October 2022

Cyprus Tax Authority issues clarification regarding Competent Authority Agreement with United States for exchange of CbC reports

20 October 2022

U.S. IRS Provides Tax Inflation Adjustments for Tax Year 2023

19 October 2022

U.S. Social Security Changes for 2023

18 October 2022

Cyprus Notes Expected Effective Date of CbC Exchange with the U.S. and Local Filing Obligations

17 October 2022

Spanish tax authorities deem a series of consecutive intra-group share transfers as abusive and potentially subject to penalties in binding report

14 October 2022

U.S. IRS Providing Tax Relief for Hurricane Ian Victims in Florida and the Carolinas

12 October 2022

U.S. IRS Extends Transition Period for Filing Valid Research Credit Claims

12 October 2022

Final Regulation for Beneficial Ownership Reporting Published in U.S. Federal Register

11 October 2022

Argentina and U.S. Negotiating FATCA Agreement

5 October 2022

Supreme Court to Hear Case on Client-Attorney Privilege in the Context of Dual-Purpose Legal Advice

4 October 2022

Iowa to Cut Top Corporate Tax Rate in 2023

3 October 2022

EU Policy Suggestions on FATCA Include Blocking Legislation Until Reciprocity Issues are Resolved

28 September 2022

IRS Reminds Taxpayers to File by 30 September 2022 for COVID Penalty Relief

27 September 2022

U.S. Senator Wyden Continues Investigation into Private Placement Life Insurance Schemes

27 September 2022

US IRS and Treasury intend to issue proposed regulations on application of the noncompulsory payment regulations to certain amended Puerto Rico tax decrees

26 September 2022

U.S. Office of Information and Regulatory Affairs Concludes Review of Regulations for Beneficial Ownership Reporting

26 September 2022

President Biden Reiterates Support for Global Minimum Tax in UN Address

23 September 2022

US IRS official reemphasizes IRS focus on penalties in transfer pricing cases

23 September 2022

IRS Guidance Advises That Improperly Forgiven Paycheck Protection Program Loans are Taxable

22 September 2022

ATO Publishes Draft Revised Ruling on the Right to Tax Interest Income of Financial Institutions Under U.S. and UK Tax Treaties

22 September 2022

IRS Issue Notice on Application of Foreign Tax Credit Noncompulsory Payment Rules to Amended Tax Decrees between MNEs and Puerto Rico

20 September 2022

IRS Accepting Applicants for Compliance Assurance Process for 2023

19 September 2022

US Chief Counsel memo clarifies process for determining assessment statute expiration date in multi-year Section 332 liquidation

15 September 2022

Turkey Establishes Effective Date for CbC Exchange Agreement with the U.S.

15 September 2022