On March 18, 2019, the US Department of the Treasury and the Internal Revenue Service released final tax regulations for registered investment funds that are taxed as regulated investment companies (âRICsâ) and that invest in 100% foreign subsidiaries (or other foreign companies and certain passive foreign investment companies or âPFICsâ). The new regulations provide that […]
Month: March 2019
Football tickets, child credits and other changes
If you haven’t started preparing tax returns, consider this your sign. Significant changes have been made to federal tax law since the enactment of the Tax Cuts and Jobs Act of 2017. Here’s what you need to know as you prepare to file your case by Monday, April 15. You will probably take the standard […]