IRS Reopens Comment Period for Proposed Rule on Previously Taxed Earnings and Profits
May 16, 2025
May 16, 2025
WASHINGTON, May 16 (TNSFR) -- The U.S. Department of the Treasury Internal Revenue Service has reopened the public comment period for a proposed rule regarding previously taxed earnings and profits of foreign corporations and associated basis adjustments.
The proposed regulation, initially released on December 2, 2024, under docket number REG-105479-18, addresses the treatment of foreign corporations that have accumulated earnings and profits already subjected to U.S. taxation and . . .
The proposed regulation, initially released on December 2, 2024, under docket number REG-105479-18, addresses the treatment of foreign corporations that have accumulated earnings and profits already subjected to U.S. taxation and . . .