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January 10, 2024
2024-0136

EY Podcast: Weekly US international cross-border taxation news for week ending 5 January 2024

EY’s Spotlight podcast is a review of the week's major US international tax-related developments. Highlights of this week’s edition include:

  • US-Hungary tax treaty ceased to have effect

  • IRS issues interim guidance on basis adjustments re: inbound liquidations or asset reorganizations

  • IRS updates list of treaty partner countries

  • IRS broadens scope of possible private letter rulings 

Register for this weekly podcast on Apple Podcasts here.

Click here to view the segment.

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

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