RP-2021-26 -- Method of Accounting for CFCs
Internal Revenue Service (IRS) sent this bulletin at 05/11/2021 12:05 PM EDT
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Issue Number: RP-2021-26Inside This IssueRevenue Procedure 2021-26 provides guidance with respect to accounting method changes made on behalf of certain foreign corporations. The procedure accomplishes the following:
The Treasury Department and the IRS previously announced their intention to issue the guidance set forth in this procedure in the Treasury decision containing the final section 951A regulations published on June 21, 2019. Revenue Procedure 2021-26 will be published in Internal Revenue Bulletin 2021-22 on June 1, 2021. Thank you for subscribing to IRS GuideWire, an IRS e-mail service. If you are a Tax Professional and have a specific concern about your tax situation, call the IRS Practitioner Priority Service 1-866-860-4259. This message was distributed automatically from the IRS GuideWire mailing list. Please Do Not Reply To This Message. |