The U.S. Treasury Department and IRS today released for publication in the Federal Register a notice announcing a public hearing relating to the proposed foreign tax credit regulations. The hearing is scheduled for March 14, 2019.
The notice of public hearing [PDF 213 KB] provides that outlines of topics to be discussed at the March 14 public hearing are due by March 8, 2019.
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
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