IRS Issues Final BEAT Regulations; Proposes Further Rulemaking

Tuesday, December 3, 2019 - 1:15pm

The Internal Revenue Service will publish final regulations to implement the base erosion and anti-abuse tax (BEAT) in Friday’s Federal Register. Treasury Decision 9885 finalizes proposed regulations published Dec. 21, 2018, and is effective Friday. The IRS also will publish a notice of proposed rulemaking Friday for additional guidance for the BEAT. The notice includes a request for comments that must be received by Feb. 4, 2020.