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May 10, 2023
2023-5449

EY Podcast: monthly ITS Washington Dispatch (April 2023)

EY’s monthly Washington Dispatch podcast summarizes recent developments in US international taxation. Highlights of this month's edition include:

  • US House Republicans pass debt ceiling, spending bill; impasse continues

  • IRS provides transition period for documentation requirements for FTC ‘single country exception’

  • IRS updates crypto notice, virtual currency remains unavailable to generate FX gain or loss

  • IRS addresses micro-captive transactions as listed transactions

  • IRS releases general plan for spending $80 million over next 10 years

  • IRS interim guidance on APA submissions fundamentally changes early stages of process

  • US Tax Court rules IRS cannot assess penalties under Section 6038(b) for willfully failing to report foreign income

Register for this monthly podcast on Apple Podcasts here.

Click here to view the segment.

 
 

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