October 31, 2018

Proposed rules would exempt corporate US shareholders from Sec. 956


The IRS issued proposed regulations providing that Sec. 956, which requires an income inclusion by U.S. shareholders of controlled foreign corporations (CFCs) that invest in U.S. property, should not apply to corporate shareholders.
Source: The Tax Adviser

Tagged:
[mapsmarker marker="1"]

YEAR ROUND ACCOUNTING SERVICES

Big or small, we’ve got a solution when you need it. Our tailored accounting services and outstanding team provide step-by-step support and outstanding customer satisfaction.