Skip to content Skip to footer

Loading Results

Notice 2020-73 announces deferred applicability date for foreign currency guidance

September 2020


Treasury and the IRS issued Notice 2020-73 (the Notice) on September 17. The Notice indicates that the IRS plans to defer the applicability date of certain final Section 987 regulations and certain related regulations by an additional year, now to tax years beginning after December 7, 2021. These regulations already had been deferred under prior Notices, including most recently under Notice 2019-65 to tax years beginning after December 7, 2020.  

See also

Cross Border Tax Talks: Branch FX: Were those Section 987 regulations final?

Contact us

Doug McHoney

International Tax Services Co-Leader, PwC US

Follow us