How Foreign Corps. That Miss a Filing Can Avoid Losing U.S. Tax Deductions

By Megan L. Brackney & Joseph Septimus
WG&L Journal of International Taxation
July 2013 Edition

The Regulations provide that the IRS may waive the filing deadline and, therefore, allow a foreign corporation that missed a deadline to use its deductions and credits if the corporation "acted reasonably and in good faith."

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