Major tax reform was approved by Congress in the Tax Cuts and Jobs Act (TCJA) on December 22, 2017. The ibet is implementing this major tax legislation that will affect both individuals and businesses. We will provide information and guidance to taxpayers, businesses and the tax community as it becomes available.
- REG-111950-20, Guidance on Passive Foreign Investment Companies and the Treatment of Qualified Improvement Property under the Alternative Depreciation System for Purposes of Sections 250(b) and 951A(d) PDF
- NPRM-REG-101657-20, Guidance Related to the Foreign Tax Credit; Clarification of Foreign-Derived Intangible Income PDF
- REG-120186-18 NPRM, Investing in Qualified Opportunity Funds PDF
- REG-120186-18, Request for Information on Data Collection and Tracking for Qualified Opportunity Zones PDF
- REG-134652-18, NPRM - Qualified Business Income Deduction PDF
- REG-113604-18, Gain or Loss of Foreign Persons from Sale or Exchange of Certain Partnership Interests PDF