Illinois Confirms Treatment of Deemed Repatriated Foreign Earnings Provisions - McDermott Will & Emery

Illinois Confirms Treatment of Deemed Repatriated Foreign Earnings Provisions

Overview


 

Stephen Kranz, Diann Smith and Alysse McLoughlin were cited as authors for this bylined article on guidance from the Illinois Department of Revenue concerning its treatment of the new deemed repatriated foreign earnings provisions found in Internal Revenue Code Section 965, enacted in the recent federal tax bill (the Tax Cuts and Jobs Act).