RP-2018-48: Examination of returns and claims for refund, credit or abatement; determination of correct tax liability

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September 13, 2018

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Issue Number: RP-2018-48

Inside This Issue

Revenue Procedure 2018-48 provides guidance for real estate investment trusts regarding the treatment of certain foreign income inclusions, including inclusions under section 951A of the Internal Revenue Code, for purposes of the 95 percent gross income qualification test of section 856(c)(2) of the Internal Revenue Code.

Revenue Procedure 2018-48 will be in IRB 2018-40, dated October 1, 2018.

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