Transitional guidance issued on the treatment of advance payments under TCJA
In a Notice, IRS has issued transitional guidance which, pending future guidance that IRS expects to issue on the treatment …
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 …
Treasury & IRS announce designated TCJA “Opportunity Zones”
In a press release, the Treasury Department and IRS have announced the designation of “Opportunity Zones” in 18 states. Opportunity …
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 …
IRS Notice explains new business interest expense limitations
In a Notice and accompanying news release, IRS has provided guidance for computing the business interest expense limitation under Code Sec. …
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 issues updated list of automatic accounting changes
In a Revenue Procedure, IRS has issued an updated list of accounting method changes to which IRS’s automatic change procedures …
Banks, Insurers to Get Relief From Accounting Effects of New Tax Law
The FASB agreed to finalize a proposal it released in January that aims to alleviate concerns from banks and insurance …
IRS sets out Form W-4 rules that reflect Tax Cuts and Jobs Act
In a Notice, in light of changes made by the recently enacted Tax Cuts and Jobs Act (TCJA; P.L. 115-97, …
Thomson Reuters Releases Comprehensive Tax Reform Resources for Tax and Accounting Professionals
NEW YORK – Responding quickly and comprehensively, Thomson Reuters has released a number of strategic resources to provide tax and accounting professionals with …