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Proposed regs. govern tax on base-erosion payments

by Sally P. Schreiber, J.D. | Dec 19, 2018   ()

The IRS has proposed regulations on the Sec. 59A base-erosion anti-abuse tax (BEAT), added by the law known as the Tax Cuts and Jobs Act, P.L. 115-97 (REG-104259-18). The proposed regulations provide guidance regarding the BEAT, which is imposed on base-erosion payments of taxpayers with substantial gross receipts, and regarding the related reporting requirements. 
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Source: Journal of Accountancy

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