For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...
IRS provides guidance to the field on the 180-day interest-free rule for overpayments resulting from Chapter 3 withholding under the Foreign Account Tax Compliance Act. In a memorandum provided by IRS's Small Business/Self-Employed Division (SBSE-20-0311-0572), the agency says the new 180-day rule applies to certain adjustments and refunds after March 18, 2010. The rule covers refunds after the return is filed, refunds after claim for credit or refund, or certain IRS-initiated adjustments.
Notify me when updates are available (No standing order will be created).
Put me on standing order
Notify me when new releases are available (no standing order will be created)