Skip to Content



International tax alert: New guidance on repatriation of foreign income

August 15, 2018 Article 4 min read
Authors:
Kellie Becker Randall Janiczek Bill Henson
Foreign earnings come home to roost: New IRS guidance affects 2017 returns.

Image of man using computer and going through papers

The IRS recently released significant guidance on TCJA’s “deemed repatriation/transition tax” provisions. The rules apply to income earned and held outside of the United States by controlled foreign corporations and foreign corporations with at least one domestic U.S. corporate shareholder. This will affect returns due in September and October.

Read our full alert for a list of key concerns that this latest guidance attempted to address.

Tax Reform banner

Related Thinking

June 15, 2022

Family Office Answer Book: A complete guide for family office executives

White Paper 60 min read
June 15, 2022

Shanghai releases post-lockdown economic recovery action plan

Article 3 min read
June 3, 2022

Navigating the new Section 174 as Q2 estimates approach

Article 5 min read