OrbitaxU.S. IRS Issues Notice on Modifications to Rules for Computing Taxable Income or Loss and Foreign Currency Gain or Loss Under Section 987
|Approved Changes|United States
The U.S. IRS has announced the issuance of Notice 2026-17, which concerns modifications to the rules for computing taxable income or loss and foreign currency gain or loss with respect to a qualified business unit under section 987.
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Notice 2026-17: Modifications to Rules for Computing Taxable Income or Loss and Foreign Currency Gain or Loss Under Section 987
Notice 2026-17 announces th…