IRS will delay foreign currency guidance applicability dates for one more year

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October 12, 2021
2021-1849

The IRS has announced (Notice 2021-59) its intention to defer by one additional year the applicability date of final regulations under IRC Section 987 and certain related final regulations. The affected regulations will be amended to apply to tax years beginning after December 7, 2022. A Tax Alert is forthcoming.

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