The IRS on July 21 issued Notice 2023-55 providing temporary relief for taxpayers determining their eligibility to use foreign tax credits for tax years 2022 and 2023. Elizabeth Nelson and Micah Gibson share their insights on the relief and encourage companies to consider the compliance and financial statement implications.

IN THIS EPISODE
Elizabeth Nelson, Partner, PwC’s International Tax Services Practice
Micah Gibson, Director, PwC’s International Tax Services Practice
Scott McCandless, Host, Policy on Demand

Read our Insight related to this development: IRS issues temporary foreign tax credit relief 

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