IRS Updates Practice Unit on Categorizing Income, Foreign Taxes

IRS Updates Practice Unit on Categorizing Income, Foreign Taxes

Internal Revenue Service

The IRS has revised (INT-C-054) a prior practice unit to address changes from the implementation of the Tax Cuts and Jobs Act and the appropriate identification of the types of foreign sourced income and taxes to determine assignment into their proper categories or baskets.

The IRS has revised (INT-C-054) a prior practice unit to address changes from the implementation of the Tax Cuts and Jobs Act and the appropriate identification of the types of foreign sourced income and taxes to determine assignment into their proper categories or baskets.

The IRS has revised (INT-C-054) a <a href="/lr/resolve//1wcn3">prior practice unit</a> to address changes from the implementation of the Tax Cuts and Jobs Act and the appropriate identification of the types of foreign sourced income and taxes to determine assignment into their proper categories or baskets.