2026 Mid-Year U.S. International Tax Law Update: Issues for Cross-Border Transactions, OBBBA Rules, Recent Guidance

This CLE/CPE webinar will provide tax counsel and advisers guidance on recent developments in U.S. international taxation and related IRS guidance for foreign activities of individuals and companies. The panel will review complex international tax issues associated with cross-border activities and the implications of the One Big Beautiful Bill Act (OBBBA) and recent U.S. tax regulations and guidance, as well as discuss avoiding the assessment of penalties, additional tax liability, and potential audits.

The IRS continues to aggressively assess penalties for failure to comply with reporting requirements of individuals and companies engaged in cross-border activities. Tax professionals must understand the U.S. international tax regime, key tax provisions impacting certain transactions, reporting requirements, and available tax planning mechanisms for U.S. individuals and companies.

Under current tax law, and in light of recent developments in the international tax landscape stemming from OBBBA, possessing an in-depth understanding of international tax rules and regulations will assist counsel and tax advisers in helping taxpayers maintain compliance and avoid IRS examination. A taxpayer's failure to properly adhere to reporting and filing requirements associated with cross-border activities and foreign assets can result in serious civil and/or criminal penalties.

Listen as our panel provides guidance on the most complex aspects of international tax compliance, tax issues associated with cross-border activities, and the implications of recent U.S. tax regulations and developments, as well as discusses avoiding the assessment of penalties, additional tax liability, and potential audits.