The Tax Cuts and Jobs Act instituted a transition tax on foreign earnings of certain corporations held by U.S. shareholders. While we are still waiting for regulations to finalize the details, the IRS has provided some guidance, most recently with a website titled “Questions and Answers about Reporting Related to Section 965 on 2017 Tax Returns.”
Based on this new information, and previous guidance, we provide the following summary:
Disclaimer: Hone Maxwell LLP articles and blogs are not intended as legal advice. Additional facts, facts specific to your situation or future developments may affect subjects contained herein. Seek the advice of an attorney before acting or relying upon any information herein.
Latest Post
870 Market St., Suite 588
San Francisco, CA 94102
415.765.1754
3465 Camino Del Rio South, Suite 400
San Diego, CA 92108
619.980.4476
4 Venture, Suite 320
Irvine, CA 92618
949.838.7807
Centro Corporativo Dayco
Blvd. General Gustavo Salinas #11050
Suite 602, Col. Aviacion
22014 Tijuana, B.C., Mexico
+52 (664) 504 6415
Stay updated on the latest tax laws.
Centro Corporativo Dayco
Blvd. General Gustavo Salinas #11050
Suite 602, Col. Aviacion
22014 Tijuana, B.C., Mexico
+52 (664) 504 6415
