Eric Kodesch

Jul 11, 2023 | mondaq.com | Lewis Horowitz |Eric Kodesch

The U.S. Supreme Court has agreed to consider whether the mandatory repatriation tax (MRT) resulting from the deemed repatriation under IRC § 965 is constitutional. No decision is expected until 2024. Taxpayers generally reported the deemed repatriation on their 2017 tax returns, but for some taxpayers the deemed repatriation was reported on their 2018 returns.

Jun 29, 2023 | lexology.com | Lewis Horowitz |Eric Kodesch

The U.S. Supreme Court has agreed to consider whether the mandatory repatriation tax (MRT) resulting from the deemed repatriation under IRC § 965 is constitutional. No decision is expected until 2024. Taxpayers generally reported the deemed repatriation on their 2017 tax returns, but for some taxpayers the deemed repatriation was reported on their 2018 returns.