IRS Schedules March 25 Hearing for Proposed BEAT Regulations
The Internal Revenue Service will publish a notice in Wednesday’s Federal Register announcing a public hearing March 25 at 1 p.m. concerning proposed regulations for guidance on the Base Erosion and Anti-Abuse Tax (BEAT). The proposed regulations will cover payments required and reporting requirements. BEAT was added to the Internal Revenue Code by tax reform legislation at the end of 2017. The IRS must receive outlines of topics addressed by speakers by March 15.