The IRS has released Revenue Procedure 2015-50 (RP 2015-50). It updates a previous revenue procedure, 2014-64 (published in December 2014) with a list of additional countries with which the United States has determined it is appropriate to have an automatic exchange...
The new revenue procedure issued by the Internal Revenue Service on requests for competent authority assistance is good news for taxpayers. It should assist taxpayers by providing more detailed information on when it is appropriate to apply for assistance, and how....
