The U.S. Treasury Department and IRS today released for publication in the Federal Register a notice of public hearing concerning proposed regulations under section 245A and the limitation on the dividends received deduction available for certain dividends received from current or former controlled foreign corporations.
Today’s notice [PDF 268 KB] announces that the public hearing will be held on Friday, November 22, 2019, and outlines of topics to be discussed at the public hearing must be received by Monday, November 11, 2019.
The proposed regulations were issued along with and cross-referenced temporary regulations. The subject of the public hearing will be the proposed regulations. Read TaxNewsFlash, and read KPMG’s report of initial impressions about the temporary regulations: TaxNewsFlash
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