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IRS States No New Guidance On Repatriation Tax

According to Law360, the Internal Revenue Service isn't planning to issue additional guidance on the 2017 tax overhaul's deemed repatriation despite a recent announcement that the agency was considering relief for some companies in this area, a top official said January 31, 2020. The agency learned of "few sympathetic cases" in which companies were excessively taxed under…
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