Sec. 965 Transition Tax Penalty Relief Issued
 The IRS announced relief from late-payment penalties and that it will allow late elections for taxpayers subject to the new Sec. 965 transition tax on deemed repatriated foreign earnings, which was enacted by P.L. 115-97, known as the Tax Cuts and Jobs Act of 2017.
The IRS announced relief from late-payment penalties and that it will allow late elections for taxpayers subject to the new Sec. 965 transition tax on deemed repatriated foreign earnings, which was enacted by P.L. 115-97, known as the Tax Cuts and Jobs Act of 2017.
To read the full article in The Tax Adviser, click: Sec. 965 Transition Tax Penalty Relief Issued.
 
	 
		
		 
		
		 
		
		 
		
		 
		
		 
		
		 
		
		 
		
		