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ARTICLE · 18 OCTOBER 2016

Officials Provide Update On International Guidance Projects

Grant Thornton LLP
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On Sept. 30, officials from Treasury and the IRS provided an update on a number of guidance projects relating to international tax.

United StatesTax
David E. Sites
David E. Sites
Cory Perry
Cory Perry
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On Sept. 30, officials from Treasury and the IRS provided an update on a number of guidance projects relating to international tax. Speaking at the American Bar Association Section of Taxation's fall meeting in Boston, the officials discussed anticipated timing for ongoing and upcoming guidance projects, including some of those listed in this year's IRS Priority Guidance Plan. The projects were generally discussed in two categories – projects anticipated to be completed by the end of 2016 and projects anticipated to be completed by the end of 2017.

In 2016, the officials said they anticipated the following guidance projects:

  • Final regulations under Section 367 (REG-139483-13) addressing transfers made by U.S. persons of certain property, including foreign goodwill and going-concern value

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