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On Jan. 4, 2022, the Department of the Treasury and the Internal Revenue Service published final regulations offering guidance to taxpayers with respect to the widely reported transition away from the use of LIBOR and other IBORs.
On January 25, 2022, the Internal Revenue Service (the "IRS") and the Department of the Treasury ("Treasury") released regulations (the "Final Regulations") ...
LIBOR has been extensively used as an interest rate benchmark in debt instruments (such as loan agreements and bonds) and other financial instruments (such as swaps and other derivatives).
Internal Revenue Service and the Department of the Treasury released regulations finalizing provisions in prior proposed regulations which generally would treat domestic partnerships as aggregates of their partners for purposes of determining income inclusions.
US Department of the Treasury and the Internal Revenue Service (IRS) issued final regulations that deny a foreign tax credit for certain foreign withholding taxes and other taxes