Alot of guidance is virtually rolling off the press!
- PTI guidance for year-end financial statements
- Foreign tax credits, including application of GILTI
- Section 163(j) interest guidance
- Proposed regulations on PTI application
- Section 250 guidance
The guidance will be complex and lengthy, and it represents only one step towards achieving more certainty into the complex nuances of the US Tax Act. EY’s Global Tax Alert provides a summary for reference.