IRS Proposed Regs Clarify Transition Tax

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...

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