United States Tax News

U.S. IRS Releases Practice Units on Foreign Currency Gain or Loss, Exchange Rates, Accounting Method Changes, and Foreign Earned Income Exclusion Adjustments

12 May 2020

U.S. IRS Issues Reminder on New Credits Available for Businesses Hit by COVID-19

11 May 2020

U.S. IRS Issues Guidance That Certain Activities in a Foreign Country Will Not Give Rise to a Foreign Branch in Light of COVID-19 Travel Disruptions

11 May 2020

U.S. IRS and Treasury Issue Correcting Amendments to Regulations on Definitions and Reporting Requirements for Shareholders of PFICs

8 May 2020

U.S. and UK Launch Free Trade Agreement Negotiations

8 May 2020

U.S. IRS Issues Notice on Non-Deductibility of Expenses in Relation to the Paycheck Protection Program and Covered Loans under the CARES Act

7 May 2020

U.S. Bill Introduced to Remedy the Negative Impact of the GILTI rules on U.S. Territories

6 May 2020

U.S. IRS Updates Filing and Payment Deadlines Questions and Answers

6 May 2020

USMCA Entering into Force on 1 July 2020

5 May 2020

U.S. IRS Releases Practice Units on Installment Method, Substantiation Requirements, and Foreign Currency Translation.

30 April 2020

US IRS issues FAQs on interaction of NOL carrybacks and Section 965 inclusions

29 April 2020

U.S. Joint Committee on Taxation Publishes Report on Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

28 April 2020

U.S. IRS Posts FAQs on NOLs filed with Sec. 965 Inclusions

24 April 2020

US IRS issues additional FAQs on faxing Form 1139 with NOL and AMT claims under CARES Act

23 April 2020

U.S. Treasury and IRS Issue Cross-Border Tax Guidance Related to Travel Disruptions Arising from the COVID-19 Emergency

22 April 2020

US IRS releases FAQs on transfer pricing documentation best practices

21 April 2020

U.S. IRS Large Business and International (LB&I) Division Postpones Certain Compliance Campaign Due to COVID-19

20 April 2020

U.S. Final Regulations Regarding Certain Hybrid Arrangements and Proposed Regulations on Hybrid Arrangements and GILTI

20 April 2020

US: Consolidated return considerations of NOL carrybacks under CARES Act

17 April 2020

US IRS announces taxpayers can temporarily fax Forms 1139 and 1045 to claim NOL carrybacks and AMT credits under CARES Act

16 April 2020

G7 Officials Will Return to Priority Agenda Items Including Tax Challenges of Digitalization Once Immediate Impacts of COVID-19 Crisis Abate

16 April 2020

U.S. IRS Unveils Online Application to Help with Economic Impact Payments

16 April 2020

U.S. IRS Issues Transfer Pricing Documentation Frequently Asked Questions (FAQs)

16 April 2020

US IRS gives relief to taxpayers making Section 163(j) elections

15 April 2020

U.S. IRS Releases Updated Practice Unit on Statute of Limitations on Assessment of Tax

15 April 2020

U.S. IRS Issues Temporary Procedures to Claim Quick Refunds of the Credit for Prior Year Minimum Tax Liability of Corporations and NOL Deductions

15 April 2020

U.S. Treasury List of International Boycott Countries Published

14 April 2020

U.S. IRS Publishes IRB 2020-16 Including Notices on Deadline Relief and Employment Tax Credits for COVID-19 and Foreign Income Exclusion Eligibility Waiver

14 April 2020

US final and proposed regulations on hybrid mismatches, DCLs and conduit financing provide more certainty but some surprises

13 April 2020

US: Taxpayers need to consider international tax implications of making certain net operating loss elections under Revenue Procedure 2020-24

13 April 2020