EY Cross-Border Taxation Spotlight for Week ending 05 January 2018

A review of the week's major US international tax-related news. In this edition: IRS issues Notice 2018-07 on new transition tax – IRS suspends W/H obligations under new Section 1446(f) for certain publicly traded partnership interests – FASB to issue additional guidance on ASC 740, Income Taxes, re: provisions in Tax Cuts and Jobs Act -- US Tax Court rules 6-year limitations period in Section 6501 only applies for tax years to which Section 6038D foreign financial asset reporting requirement effective.