United States Tax News

U.S. IRS Issues Final Regulations on the Deduction for Meals and Entertainment

2 October 2020

US: Final and proposed regulations limit impact of repeal of Section 958(b)(4)

2 October 2020

U.S. IRS Issues Final Regulations on Source of Income from Cross-Border Inventory Sales

1 October 2020

U.S. IRS and Treasury Issue Corrections to Final Regulations on the Deduction for FDII and GILTI

30 September 2020

US: Final regulations largely adopt proposed characterization of foreign persons’ gain or loss from sale or exchange of interests in certain partnerships, with some welcome changes

30 September 2020

U.S. IRS Providing Additional Delay for Regulations on Foreign Currency Gains/Losses

24 September 2020

U.S. IRS Issues Final and Proposed Regulations on Ownership Attribution Including for Purposes of Determining Status as CFC or U.S. Shareholder

23 September 2020

US IRS delays certain Section 987 foreign currency regulations for additional year

23 September 2020

U.S. IRS Releases Practice Unit on Overall Foreign and Domestic Losses

22 September 2020

U.S. IRS Finalizes Regulations for 100% Bonus Depreciation

22 September 2020

U.S. IRS Releases Practice Unit on Introduction to Dollar Value LIFO

21 September 2020

U.S. IRS Reminds Taxpayers and Practitioners of Expedited Letter Ruling Procedures

18 September 2020

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

18 September 2020

WTO Panel Issues Report Finding US Tariffs on Chinese Goods Not Justified Under General Agreement on Tariffs and Trade

17 September 2020

U.S. IRS Announces Publication of Final Regulations on Business Interest Expense Deduction Limitation

15 September 2020

US: Final BEAT regulations adopt proposed BEAT guidance with some changes

15 September 2020

U.S. Presidential Candidate Joe Biden's New Tax Proposals to Support Manufacturing

14 September 2020

U.S. IRS Releases Practice Unit on Foreign Earned Income Exclusion Audit Techniques

14 September 2020

U.S. House Resolution Opposing Digital Services Taxes

11 September 2020

Tax Treaty between Croatia and the U.S. Under Negotiation

9 September 2020

U.S. IRS Releases Final and Proposed Regs on Business Interest Expense Deduction Limitation for Publication

9 September 2020

Cyprus’ Tax Authority issues clarification note regarding bilateral CAA with US

9 September 2020

US: Notice 2020-69 provides rules on entity treatment election for certain S corporations for purposes of GILTI in AAA inclusions

9 September 2020

U.S. Interest Rates on Overpaid and Underpaid Tax Unchanged for Q4 2020

4 September 2020

Digital Companies Passing on Cost of Taxes on Digital Services to Customers

4 September 2020

U.S. IRS Seeking Comments Concerning Requests for Competent Authority Assistance Under Tax Treaties

3 September 2020

U.S. IRS Announces Additional Guidance on Base Erosion and Anti-Abuse Tax

2 September 2020

U.S. IRS Releases Practice Unit on Foreign Earned Income Exclusion for Individuals

1 September 2020

Singapore Announces Entry into Force of Reciprocal FATCA Agreement with the U.S.

1 September 2020

US Treasury and IRS finalize DRD anti-abuse regulations with few changes

1 September 2020