IRS announces plans to amend final base erosion anti-abuse tax (BEAT) regulations

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June 10, 2021
2021-1157

The IRS and Treasury have announced (Notice 2021-36) plans to amend final regulations under IRC Sections 59A and 6038A to defer, until tax years beginning on or after January 1, 2023, the applicability date of some of the regulations' provisions on reporting IRC Section 59A qualified derivative payments. (See Tax Alert 2020-2232.)

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