Sullivan
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Douglas Stransky authored a chapter on "Corporate Tax Laws and Regulations 2024," which was published in GLI - Corporate Tax 2024.

Throughout 2023, both public and private companies engaged in a broad scope of corporate tax work. At the same time, the Internal Revenue Service (IRS) intensified its efforts to enhance tax compliance and enforcement, particularly in areas involving complex international transactions and high-net-worth individuals. These efforts include leveraging advanced data analytics and expanding audit activities. The IRS also began to improve its taxpayer services, including enhancements to the IRS website, increased support for online filing, and expanded access to taxpayer assistance centres.

In his chapter, Doug covers the following:

  • Overview of corporate tax work over the last year
  • Key changes to corporate tax law and practice
  • Developments affecting the attractiveness of the U.S. for investment
  • Outlook for the year ahead