The U.S. Treasury Department and IRS today released for publication in the Federal Register corrections relating to the proposed foreign tax credit regulations.
Read the correction notice [PDF 195 KB]
Proposed regulations (REG-105600-18) relating to sections 78, 864, 901, 904, and 960—the foreign tax credit measures amended by Pub. L. No. 115-97, enacted December 22, 2017—were released in late 2018. Read KPMG’s report of initial impressions about the proposed foreign tax credit regulations: TaxNewsFlash (November 2018)
A hearing on these proposed regulations is scheduled for March 14, 2019. Read TaxNewsFlash
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