Companies Seek Answers as Repatriation Tax Deadline Nears

The deadline for companies to report overseas earning and profits on their tax returns as required under the new tax law is fast approaching—and taxpayers need proposed regulations soon to answer many of their questions, practitioners told Bloomberg Tax.

Tax attorneys said their clients are hoping for guidance that pulls together a number of notices and question-and-answer documents issued in response to the 2017 tax act (Pub. L. No. 115-97)

“We’re now getting to the time of year where companies have to start filing their own tax returns and want to finalize their numbers,” Martin Milner, a national ...