Industries

Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

How We Work

We bring together passionate problem-solvers, innovative technologies, and full-service capabilities to create opportunity with every insight.

Learn more

Careers & Culture

What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.

Learn more

If I(RS) Could Turn Back Time: Notice 2023-55 Offers FTC Creditability Rules Relief

08.23.2023 | Duration: 39:52

Podcast: What is the scope of the temporary relief being offered to taxpayers by Notice 2023-55 and what lies ahead for the final foreign tax credit regulations?

Listen now
Backward 10s Play Pause Forward 10s
0:00
00:00

Podcast overview

Episode 08-2023 | With tax return preparation season already in full swing, taxpayers received some unexpected (albeit temporary) relief from the foreign tax creditability requirements introduced by the 2022 final foreign tax credit regulations for tax years ending on or before December 31, 2023.

While this is a welcome move by the government, it comes with many questions. What relief does Notice 2023-55 provide and what are the limitations to this relief? How does the notice treat foreign income taxes as compared to “in lieu of” taxes, such as withholding taxes? What are some of the questions that taxpayers are dealing with in interpreting the notice? Why now, after we had already lived with the new foreign tax creditability requirements for over a year and a half? And what does the future hold for the foreign tax creditability rules?

Join us as our podcast co-hosts Gary Scanlon and Kristen Gamboa are joined by Seth Green and Quyen Huynh to explore these issues and more.

Discover more podcast episodes in this series

Explore more

Webcast Replay Webcast Upcoming Listen Now

TaxWatch Webcasts

Stay current on tax and trade developments with KPMG TaxWatch, KPMG TradeWatch, and other industry-related live and on-demand webcasts.

Webcast Replay Webcast Upcoming Listen Now

KPMG TaxRadio

Looking for insights on the latest tax news? Find it here by listening to KPMG podcasts curated especially for tax professionals.

Tax Insights

Information, insight, and analysis on current tax developments and legislative changes through articles, publications, alerts, reports, and more

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline