By Elizabeth Zanet and Rusudan Shervashidze ( August 6, 2018, 2:10 PM EDT) -- On Aug. 1, 2018, the IRS issued 145 pages of proposed regulations[1] relating to the Internal Revenue Code Section 965 transition tax applicable to the 2017 taxable year for U.S. shareholders holding interests in a deferred foreign income corporation, or DFIC. A DFIC is any specified foreign corporation of a U.S. shareholder that reports positive accumulated post-1986 deferred foreign income as of Nov. 2, 2017, or Dec. 31, 2017....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.