ACORE Comment Letter to the Treasury Department and IRS on the Foreign Entities of Concern Guidance

ACORE supports OBBBA’s underlying national security and supply chain resilience objectives, which prevent undue influence or control by foreign adversaries while promoting business certainty, ensuring taxpayer compliance, and minimizing administrative burdens. Forthcoming guidance should prioritize overall clarity, prospective and/or transitional application, and reliance on existing standards. Read the comments here.