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International Tax Technical Update- June 2018

IRS Offers Limited Relief to Certain Taxpayers Subject to the Section 965 Transition Tax

June 2018

Summary

On June 4, 2018, the Internal Revenue Service (IRS) announced that it will provide penalty relief to certain taxpayers subject to the Section 965 transition tax, and provided additional information for individuals subject to the Section 965 transition tax regarding the due date for relevant elections. Read more