IRS Grants Relief to U.S. Persons Who Own Stock in Certain Foreign Corporations
In Rev Proc 2019-40, 2019-43 IRB, the IRS has provided relief to certain U.S. persons that own stock in certain …
IRS: Relief Available for Certain Former Citizens
IRS has announced new procedures under which persons who have relinquished, or who intend to relinquish, their U.S. citizenship, who …
Connect with Thomson Reuters at Oracle OpenWorld 2018
Thomson Reuters is pleased to be a Bronze Level Sponsor at Oracle OpenWorld 2018 in San Francisco, Oct. 22-25. Our …
Publication explains how to calculate (deemed repatriation) transition tax
IRS has released Publication 5292 (How to Calculate Section 965 Amounts and Elections Available to Taxpayers).Code Sec. 965, which was amended by …
Thomson Reuters Launches ONESOURCE International Tax Calculator to Help Multinationals Manage New U.S. Tax Reform Requirements
Thomson Reuters has launched ONESOURCE International Tax Calculator to help businesses address and comply with changes brought about by the …
2017 Tax Reform: Guidance on return filing and tax payment for transition tax (deemed repatriation)
With the March 15 and April 17 deadlines approaching for various filers, IRS has released guidance in a Frequently Asked …
IRS loosens Chapter 3, FATCA reporting requirements for financial institutions
In a Notice, IRS has liberalized rules that require financial institutions to provide certain information with respect to their account …
IRS instructs 2017 Form 1042-S filers not to use certain “Chapter 3 status codes”
On its webpage, IRS has announced that, as a result of its recent issuance of a new final Qualified Intermediary …
Updated FATCA FAQs discuss registration of trustee-documented trusts
IRS has revised its frequently asked questions (FAQs) on the Foreign Account Tax Compliance Act (FATCA) to provide guidance to …