U.S. Tax Review: IRS to Issue New Section 987 Regs in Response to Taxpayer Requests

In this installment of U.S. International Tax Review, tax partners Larissa Neumann and Will Skinner explore the IRS announcement of plans to simplify the section 987 final regs issued in December 2024; corporate alternative minimum tax relief for research and development expensing; and recent Tax Court cases.

Read the full commentary and analysis in Tax Notes.