15 November 2024

EY Podcast | Weekly US international cross-border taxation news for week ending 15 November 2024

  • Republican US election sweep likely means TCJA extension via reconciliation, BEPS 2.0 project uncertainty
  • Final IRC Section 987 FX gain / loss regulations release before year-end
  • IRS comments on new passthrough field unit organization
  • IRS will permit digital asset transaction reporting on schema, not IRS Form 1042-S
  • IRS official says companies that ignored TP compliance letters referred for examination

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Document ID: 2024-2101