Robison Law Firm
11353 REED HARTMAN HIGHWAY
SUITE 300
CINCINNATI
,
OH
45241
PHONE: 513-412-3483
FAX: 513-412-3482
OUR FAMILY OF
STRATEGIC TAX SERVICES
News
IRS provides CFC relief for property affected by hurricanes
By Paul Bonner
In Notice 2017-68, the IRS announced that certain obligations of U.S. persons received by controlled foreign corporations (CFCs) would be excluded from U.S. property for purposes of Sec. 956(c) if the obligation was received in exchange for property that, if transported to the United States for temporary storage because of Hurricane Irma or Hurricane Maria, would not be treated as U.S. property under Notice 2017-55. More...