United States: Updated FAQs on CbC reporting | KPMG | BE
close
Share with your friends

United States: Updated FAQs on country-by-country reporting

United States: Updated FAQs on CbC reporting

The IRS today released an updated version of “frequently asked questions” (FAQs) concerning country-by-country (CbC) reporting.

1000

Related content

Among the new FAQs are items addressing guidance for “specified national security contractors” pursuant to Notice 2018-31 (see FAQs D-4 and D-5). Read the updated FAQs on CbC reporting. Read more about Notice 2018-31 in TaxNewsFlash

An IRS transmittal message includes information about Notice 2018-31; information about the jurisdictional status table updates; and information for taxpayers that file paper versions of Form 8975 and Schedule A (Form 8975) and that receive letters from the IRS notifying them of errors with their filing (these taxpayers are urged to submit an amended return by 20 April 2018 so that their CbC reports are exchanged in June 2018).

© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

Connect with us

 

Request for proposal

 

Submit