Newsletters
Tax Alerts
Tax Briefing(s)
Our firms audit, review and compilation practice is Peer Reviewed under guidance provided by the American Institute of Certified Public Accountants. A copy of our most recent Peer Review Report is available at our office upon request.

New IRS guidance fills in several more pieces of the Code Sec. 199A passthrough deduction puzzle. Taxpayers can generally rely on all of these new final and proposed rules.


The Treasury and IRS have issued final regulations for determining the inclusion under Code Sec. 965 of a U.S. shareholder of a foreign corporation with post-1986 accumulated deferred foreign income. Code Sec. 965 imposes a "transition tax" on the inclusion. The final regulations retain the basic approach and structure of the proposed regulations, with certain changes.