Overview
IRS Cautions Retirees to Check Pension Withholdings: In the second of a four-part series, the IRS issued a notice reminding retirees that the Tax Cuts and Jobs Act may have changed the way their income tax is calculated and to utilize the IRS’s withholding calculator to verify that enough tax is withheld from their pension payments.
OECD Publishes Seven New Transfer Pricing Country Profiles: Today, the OECD published new transfer pricing country profiles for Costa Rica, Greece, Republic of Korea, Panama, Seychelles, South Africa, and Turkey, and updated the information contained in Singapore’s profile. The profiles reflect the current state of each country’s legislation and practices regarding the application of the arm’s length principle and other key aspects of transfer pricing.
Miscellaneous Guidance:
Revenue Ruling 2018-25 provides the rates for interest determined under IRC § 6621 for the calendar quarter beginning October 1, 2018.