Crowe "Proposed Modifications to Foreign Tax Credit Regs"

 

Top Crowe insights for the week

 

Jan. 8, 2023

 
 
Proposed modifications to foreign tax credit regulations 

Comments to the previously issued foreign tax credit regulations have been released. Learn how modifications could ease some requirements and why other concerns remain. (Moderate read) 

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New FASB ASU extends reference rate reform relief 

The Financial Accounting Standards Board (FASB) issued a new Accounting Standards Update (ASU) extending the Accounting Standards Codification Topic 848 expiration date. Explore the details of this two-year extension. (Short read) 

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Energy tax credits could mean cash for exempt organizations 

More than $300 billion in energy tax incentives are included in the Inflation Reduction Act of 2022. Discover how tax-exempt organizations could unlock more opportunities for cash. (Short read) 

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FASB proposes accounting for joint ventures 

A FASB proposal provides guidance on accounting for joint venture formations. Crowe experts offer key insights into this proposal. (Moderate read)

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New method changes are issued rather than a fix for R&E capitalization costs 

Instead of fixing how research and experimental (R&E) costs are expensed, new method changes to comply with IRC Section 174 were issued. Learn key takeaways of Revenue Procedure 2023-8. (Short read) 

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Events
 
 
Webinar 
Jan. 9 | Quarterly close: Keep up on accounting trends and topics 

Explore regulatory news and accounting trends to help improve your business decisions and company compliance. 
 
 

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Webinar
Jan. 10 | Financial services audit committee overview 

Learn more about the responsibilities related to financial reporting developments and regulatory updates. Up to 1.5 CPE credits. 
 
 
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Webinar
Jan. 26 | Not-for-Profit Industry Summit 

Crowe thought leaders share a tax and audit update highlighting new standards and regulations that might affect your organization. 
 
 
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Webinar series: Transform and thrive 
Jan. 31 | How content and data could shape the future of internal audit 

Learn about the factors driving the future of internal audit and how bank internal audit leaders must transform in response.
 
 
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