The IRS has expanded disaster relief related to Hurricanes Irma and Maria that was first provided in Notice 2017-55, I.R.B. 2017-42, 324 (TAXDAY, 2017/09/28, I.5 ). This new relief provides that an obligation of a United States person that is held by a controlled foreign corporation (CFC) will not be treated as United States property […]
The post Disaster Relief for Hurricanes Irma, Maria Excludes Certain Obligations from CFC’s U.S. Property (Notice 2017-68) appeared first on Tax & Accounting Blog.