February 8, 2023
EY Podcast: monthly ITS Washington Dispatch (January 2023)
EY’s monthly Washington Dispatch podcast summarizes recent developments in US international taxation. Highlights of this month's edition include:
Kevin McCarthy new US House Speaker, Rep. Smith chairs Ways and Means Committee
JCT to release ‘Blue Book’ on tax legislation by end of June
IRS issues final regulations for qualified foreign pension funds
IRS releases proposed regs on domestically controlled QIE rules under Section 897, certain controlled commercial entity rules under Section 892
IRS addresses deductions involving cryptocurrency in two CCA memos
IRS to continue participation in ICAP
IRS examiners must consult IRS counsel to apply economic substance doctrine in transfer pricing audits
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