Controlled Foreign Corporation Regulations Under TCJA
Under the TCJA, a U.S. person, domestic corporation, partnership, trust or estate that owns at least 10 percent of the value or voting rights in one or more CFCs will be required to include this income as currently taxable income.
Britt’s current role is the Director of Contract Accounting Services. He manages a team of contract recruiters whose duty is to find resources and talent for temporary or temporary-to-permanent positions.
Guidance on New $500 Credit for Certain Dependents
The Internal Revenue Service (IRS) announced that it intends to issue proposed regulations to clarify the definition of “qualifying relative” for the new $500 credit for dependents and head of household filing status.
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.