On “Flag Day,” June 14, the Internal Revenue Service (IRS) and the Treasury Department issued articles of guidance under the Tax Cuts and Jobs Act of 2017 (TCJA), which includes final, temporary, and proposed regulations (referred to as “Regulations”).
The Regulations’ key features include:
With the Regulations covering a wide variety of topics, you will be affected if you are a/an:
U.S.-based multinational organization
Private equity fund
U.S. partnerships that own foreign corporations
The features above are just a few items in the regulations released on Flag Day. Alvarez & Marsal Taxand’s International Tax practice addresses clients’ needs, be it federal tax, financial & tax reporting, real estate, tax advisory, transfer pricing, or valuation tax. Our team has the extensive experience and the strategic know-how to help clients navigate the complex, challenging, and always changing international tax landscape.
Stay tuned for future insights on the new rules and other content included in the Regulations.
To learn more about our global team & services, visit: https://www.alvarezandmarsal.com/expertise/tax