“Tax Cuts and Jobs Act” (TCJA)

Read KPMG's analysis and observations, as well as industry or sector-specific reports about provisions in the TCJA

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Recent Articles (2023)

Jul 13 - KPMG report: State conformity to federal treatment of section 174 R&E costs

Jul 10 - Final regulations: Carryback of consolidated net operating losses

2022 Articles

Jun 27 - Notice 2022-30: Deferral of provisions under section 59A and 6038A regulations relating to reporting of qualified derivative payments

Jun 14 - KPMG report: Post-TCJA interplay between NOLs and charitable deductions

Jun 7 - Ninth Circuit: Mandatory repatriation tax under section 965 is constitutional

Jan 28 - KPMG report: Regulations addressing tax treatment of U.S. partnerships and S corporations that own stock of CFCs and PFICs

Jan 24 - Final regulations: Rules for determining stock ownership, sections 951A and 958 (text of regulations)

Jan 24 - Proposed regulations: Domestic partnerships and S corporations holding PFICs and CFCs (text of regulations)

Jan 5 - KPMG report: Initial analysis of final regulations concerning foreign tax credit

Jan 4 - KPMG report: Foreign tax credit and certain deductions of life insurance companies (final regulations)

Jan 4 - IRS practice unit: Overview of section 245A dividends received deduction

2021 Articles

Dec 28 - Final regulations: Foreign tax credit and clarifying FDII (text of regulations)

Dec 22 - KPMG report: R&E changes from TCJA effective for tax years beginning after December 31, 2021

Dec 13 - Final regulations on foreign tax credit, clarification of FDII; OIRA review completed

Nov 29 - Final regulations pending OIRA review: Foreign tax credit, clarification of FDII

Sep 21 - Final regulations: Rules relating to qualified business asset investment (QBAI) (text of regulations)

Jun 18 - IRS practice unit: Concepts of GILTI

May 14 - Announcement 2021-10: Qualified opportunity zone boundaries not affected by 2020 census

May 11 - Rev. Proc. 2021-26: CFCs changing methods of accounting to alternative depreciation system

Apr 12 - Proposed regulations: Requirements under section 1400Z-2 for foreign persons, partnerships investing in qualified opportunity funds (text of regulations)

Read archived articles [PDF 339 KB] of TaxNewsFlash-Tax Reform (TCJA)

Tax reform proposals

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