02 March 2018 Washington Dispatch for February 2018 The latest edition of Ernst & Young's Washington Dispatch is attached below. Prepared by Ernst & Young's International Tax Services group, this monthly newsletter summarizes recent developments in US international taxation. Highlights of this month's edition include: — Treasury, IRS moving forward with TCJA international guidance; 2 more repatriation transition notices expected
— IRS guidance under new Section 965 prevents certain foreign corporations from making accounting period changes
— New guidelines issued for delinquent Forms 1120-F and waiver requests
— Treasury may delay Section 987 branch currency regulations until 2020
— IRS updates Priority Guidance Plan to add projects implementing some TCJA international provisions
— IRS assumes major role in OECD's International Compliance Assurance Program — IRS announces increase in user fees for unilateral and bilateral APAs — OECD releases additional CbCR guidance, country approaches to CbC reporting ———————————————
ATTACHMENT Washington Dispatch for February 2018 Document ID: 2018-0473 | 
