United States Tax News

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

26 September 2022

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

23 September 2022

President Biden Reiterates Support for Global Minimum Tax in UN Address

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

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

EY Global Tax Controversy Flash Newsletter (Issue 50) | Updates to MAP processes may increase taxpayer participation

13 September 2022

U.S. Treasury Publishes Audit Report Finding that Compliance Efforts are Needed to Address Refund Claims Based on CARES Act NOL Carryback Provisions

13 September 2022

Malaysia Ratifies FATCA Agreement with the U.S. Along with Implementing Rules and Regulations

13 September 2022

Israel and U.S. to Start Negotiations for Revised Tax Treaty

9 September 2022

Italian Court of Cassation holds EU regime on dividend distributions is also applicable to pension funds not qualifying as EU/EEA

8 September 2022

Idaho Approves Further Tax Rate Reductions for Individuals and Companies

8 September 2022

US Sixth Circuit rules in favor of Eaton in appeal from Tax Court regarding APA cancellation

6 September 2022

U.S. IRS Practice Unit on IRC 958 Rules for Determining Stock Ownership

1 September 2022

Switzerland and U.S. to Start Negotiations for Tax Treaty Revisions

31 August 2022

US IRS gives widespread penalty relief for 2019 and 2020 returns filed by 30 September 2022, will refund penalties already paid

29 August 2022

U.S. Senator Wyden Uncovers Major Loophole in Offshore Account Reporting

29 August 2022

U.S. IRS Penalty Relief with Respect to 2019 and 2020 Individual and Corporate Returns

29 August 2022

US Tax Court increases Medtronic royalty rate under unspecified method

25 August 2022

U.S. IRS Provides Further Delay for Certain Dividend Equivalent Rules

24 August 2022

Fourth Quarter Update to U.S. 2021-2022 Priority Guidance Plan Released

23 August 2022

US | Increased IRS funding from Inflation Reduction Act will likely affect transfer pricing cases

19 August 2022

U.S. Interest Rates on Overpaid and Underpaid Tax Increased for Q4 2022

19 August 2022

U.S. IRS Providing Further Deferral for Regulations on Foreign Currency Gains/Losses

18 August 2022

US Inflation Reduction Act includes 15% corporate minimum tax on book income

17 August 2022

U.S. Inflation Reduction Act of 2022 Signed into Law Including New Corporate Alternative Minimum Tax

17 August 2022

Taiwan Looking to Sign Income Tax Agreement with U.S.

17 August 2022