Recent discussions in the legal community highlight significant regulatory changes and deadlines affecting tax credits and reporting requirements. The removal of the Predominant Character Approach from the Foreign Tax Credit Regulations was noted in a publication by Rebecca Rosenberg, featured in the Kansas Law Review. Additionally, the IRS is intensifying scrutiny on Pass-Through Entities, as reported by Foodman PA. Legal experts are also reminding businesses that reports under the Corporate Transparency Act are due by year-end, with a January 1 deadline approaching for reporting beneficial ownership information. These developments underscore the importance of tax planning and compliance, as emphasized by various legal professionals.