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IRS regulations for cloud transactions

May 17, 2023
May 17, 2023

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Q. Is there a timeline for when the proposed cloud transaction regulations will be put into place? Additionally, if we are paying a vendor for what would would be classified as a cloud transaction under the proposed regulations, how should we classify the payment with the current rules? A. (Answered by IOFM's third-party tax experts) No, there's no deadline or time schedule imposed in the process for issuing Final regulations on classification of cloud and digital content transactions.  The…

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