IRS Provides Additional Guidance on Base Erosion and Anti-abuse Tax
WASHINGTON, D.C. — The Internal Revenue Service issued final regulations (PDF) today providing additional guidance on the base erosion and anti-abuse tax (BEAT).
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IRS Launches BBA Centralized Partnership Audit Webpage
WASHINGTON, D.C. — The IRS announced the launch of the Bi-Partisan Budget Act (BBA) Centralized Partnership Audit Regime webpage.
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IRS Issues Proposed Regulations for TCJA’s Simplified Tax Accounting Rules for Small Businesses
WASHINGTON, D.C. — The Internal Revenue Service recently issued proposed regulations (PDF) updating various tax accounting regulations to adopt the simplified tax accounting rules for small businesses under the Tax Cuts …
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IRS, Treasury Propose Regulations on Compensation Deductions for Publicly Held Corporations
WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service issued proposed regulations to reflect changes from the Tax Cuts and Jobs Act (TCJA) on the tax deductibility of officers’ compensation …
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Treasury, IRS Issue Final Regulations on the Foreign Tax Credit
WASHINGTON, D.C. — The Internal Revenue Service issued final regulations (PDF) on the Foreign Tax Credit, a long-standing tax benefit that generally allows individuals and businesses to claim a credit …
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