On December 28, 2009, pursuant to Notice 2010-12, the Internal Revenue Service (“IRS”) extended the period of temporary relief to U.S. shareholders of controlled foreign corporations (“CFCs”) to facilitate liquidity.
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Commercial Law & Contracts Updates, Tax Law Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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