An Update on the Foreign Tax Credit Rules and IRS Relief

Tax Notes Talk

Send us a Text Message.

Tax Notes reporter Andrew Velarde discusses the latest developments on the final regulations for claiming foreign tax credits, including the IRS’s decision to delay implementation and the tax community’s response.
For more on the foreign tax credits, listen to "The Final Foreign Tax Credit Rules: Complaints and Confusion."
For additional coverage, read these articles in Tax Notes:

• IRS Says It Anticipates Extending FTC Relief Notice Another Year
• Treasury to Publish FTC Guidance on Pillar 2 Taxes by Year-End
• GOP Taxwriters to Air Grievances to OECD Leaders in Europe
• Silicon Valley Asks IRS to Extend Foreign Tax Credit Relief
• Johnson & Johnson Sees $500 Million Tax Benefit From FTC Reg Delay
• IRS Offers Temporary Relief From Foreign Tax Credit Rules

In our “Editors’ Corner” segment, Christopher Moran, counsel at Venable LLP in Baltimore, chats about his coauthored Tax Notes piece, “Proposed Energy Credit Regulations Limit Clean Energy Investment.”
Follow us on Twitter:

• David Stewart: @TaxStew
• Tax Notes: @TaxNotes

**
This episode is sponsored by Practising Law Institute. For more information, visit pli.edu/taxstrategies23.
***
Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Showrunner: Jordan Parrish
Audio Engineers: Jordan Parrish, Peyton Rhodes
Guest Relations: Alexis Hart