24 February 2023

EY Podcast: weekly US international cross-border taxation news for week ending 24 February 2023

EY’s Spotlight podcast is a review of the week's major US international tax-related developments. Highlights of this week’s edition include:

IRS will issue initial guidance on how far back to apply basis adjustments to arrive at “opening” books for new CAMT

  • IRS releases final regulations that amend electronic filing rules for certain returns following Taxpayer First Act

  • IRS finalizes regulations to treat consolidated group members as single US shareholder for Section 951(a)(2)(B) purposes 

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    Document ID: 2023-5238