We found a match
Your institution may have rights to this item. Sign in to continue.
- Title
Demystifying IRC Section 965 Math.
- Authors
Lougen, Mary Beth
- Abstract
The article focuses on the changes made by the U.S. Tax Cuts and Jobs Act (TCJA) to the Internal Revenue Code (IRC) section 965 regarding U.S. taxation to foreign corporations earnings. It says that the changes include taxation of retained earnings of foreign companies owned by U.S. shareholders. Other topics discussed include the challenge for certified public accountants (CPAs) in calculating clients' tax liabilities, the calculation of taxable income, and foreign tax credits.
- Subjects
UNITED States; TAX cut laws; TAXATION of foreign corporations; INTERNAL revenue law; TAXATION of foreign income; RETAINED earnings; ACCOUNTANTS; FOREIGN tax credit
- Publication
CPA Journal, 2018, Vol 88, Issue 11, p48
- ISSN
0732-8435
- Publication type
Article