- Eighteen Guidance Priorities and New Projects Released in Second Quarter Update to Priority Guidance Plan
- February 22, 2018
The second quarter update to the 2017-2018 Priority Guidance Plan was released by the Treasury and IRS this past Wednesday. It sets forth eighteen priorities for guidance on tax issues stemming from the Tax Act, including for new sections 965 and 163(j), and other international sections. The update also contains projects that are hoped to be completed through June 30, 2018. These include guidance on section 861 (addressing how to allocate interest expense and characterize income) and section 367 (treatment of property transfers to foreign corporations).
Read the second quarter update here.Read more: US IRS’s updated priority guidance plan includes new international tax projects