United States Tax News

Update - U.S. IRS Publishes Joint Statement on Spontaneous Exchange of CbC Reports with Germany

17 December 2018

Joint Statement between Germany and the U.S. Signed on the Spontaneous Exchange of CbC Reports for 2017

14 December 2018

U.S. IRS Publishes Q&A on Tax Year 2018 Reporting and Payments Arising under Section 965

14 December 2018

Argentina Clarifies No Local CbC Report Filing Requirement for Constituent Entities of US MNEs for 2017 Reporting Fiscal Year

14 December 2018

U.S. IRS Publishes Draft Instructions for Form 8990 on Interest Limitation and Form 965 on Transition Tax

13 December 2018

Competent Authority Arrangements for the Exchange of CbC Reports between Hungary and the U.S. Signed

12 December 2018

Draft Bill Introduced in U.S. Senate to Amend CFC/GILTI Rules

12 December 2018

U.S. IRS Publishes Joint Statement with France on the Spontaneous Exchange of CbC Reports for 2017

12 December 2018

US IRS Issues Revised Form 1118 Foreign Tax Credit – Corporations and Instructions

11 December 2018

U.S. Interest Rates on Overpaid and Underpaid Tax Increased for Q1 2019

10 December 2018

U.S. House Ways and Means Committee Chairman Applauds EU "Abandonment" of Tax Proposal on Digital Services

6 December 2018

U.S. IRS Large Business and International Division Issues Directive on Amended Return/Claim for Refund Relating to Repealed Domestic Production Activity Deduction

4 December 2018

G20 Declaration Published following Leader's Summit in Buenos Aires

3 December 2018

New Trade Agreement between the U.S, Mexico, and Canada Signed

3 December 2018

U.S. IRS Issues Proposed Regulations on Foreign Tax Credits

30 November 2018

U.S. IRS Provides Infrastructure Safe Harbor for Electing Real Property Trade or Business Exemption for Interest Deduction Limitation

28 November 2018

Update – CbC Exchange Agreement between Hungary and the U.S.

27 November 2018

U.S. IRS Issues Proposed Regulations for New Limitation on Deduction of Business Interest Expense

27 November 2018

U.S. Internal Revenue Service Advisory Council Issues 2018 IRSAC Public Report

21 November 2018

U.S. IRS Provides Tax Inflation Adjustments for Tax Year 2019

20 November 2018

Tax Information Exchange and FATCA Agreements between Singapore and the United States Signed

19 November 2018

U.S. 2018-2019 Priority Guidance Plan Issued

15 November 2018

U.S. IRS Does Not Anticipate Concluding CbC Exchange Agreements in 2018 with Countries Not Already Listed in CbC Reporting Jurisdiction Status Table

13 November 2018

U.S. IRS Updates Q&A on Reporting Related to Section 965 Transition Tax on 2017 Tax Returns

8 November 2018

U.S. Proposed Regulations on Reducing the Amount Determined Under Internal Revenue Code Section 956 for Domestic Corporations Owning CFCs

5 November 2018

U.S House Ways and Means Committee Chairman Warns of Counter Action if the UK Implements Digital Services Tax

2 November 2018

U.S. IRS Publishes Draft Form for New Limitation on Deduction of Interest Expense

2 November 2018

U.S. IRS Announces Five Additional Large Business and International Compliance Campaigns

1 November 2018

U.S. Treasury Pushing Against Unilateral Action on Taxing Digital Sales

29 October 2018

CbC Exchange Agreement between Hungary and the U.S. Signed

29 October 2018