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IRS regulations for cloud transactions
May 17, 2023
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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