3 Jun 2025
☁️Proposed IRS Rulemaking on Cloud Transactions Income Source
Source of Income From Cloud Transactions; Hearing
Summary
This document provides a notice of public hearing on proposed rules for determining the source of income from cloud transactions for purposes of the international provisions of the Internal Revenue Code.
Agencies
- Treasury Department
- Internal Revenue Service
Business Impact
$$$ - High
The proposed IRS rulemaking addresses the determination of income source from cloud transactions, which could significantly impact businesses engaging in international cloud services. Compliance with these rules will be essential for accurate tax reporting and financial planning.