Newsletters

01.25.22

Crypto Reporting Rules in the Biden Infrastructure Deal

The Infrastructure Investment and Jobs Act, H.R. 3684, commonly referred to as the infrastructure bill, was signed into law by President Biden on November 15, 2021.


09.02.20

Updated: Guidance on Payroll Tax Deferral

On August 8, 2020, President Trump issued an executive order directing the Secretary of the Treasury to permit employers to defer the withholding and deposit of certain payroll tax obligations.


03.27.20

Modifying Revised Net Operating Loss Tax Rules to Ease Financial and Economic Effects of COVID-19

The COVID-19 pandemic's effects on our nation include significant financial and economic hardships.


03.27.20

Updated: Limited Postponement of 1031 Deferred Real Property Exchange Deadlines

The IRS has provided a limited deadline extension for Section 1031 deferred real property exchanges in response to the COVID-19 pandemic.


03.27.20

Limited Expansion of Business Interest Deduction to Offset Effects of COVID-19

The COVID-19 pandemic threatens the viability of many of our country's businesses by necessitating that they close their doors to normal operations, resulting in less income and likely reductions in workforce.


03.27.20

Temporary Repeal of Excess Business Loss Limitation Rules

The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) repeals the “excess business loss” limitation rules previously enacted by the 2017 federal tax reform for the 2018, 2019 and 2020 tax years, as if such limitation had never been enacted.


03.27.20

Bad Debts and Debt Cancellations

If you are currently a lender or other creditor to individuals or other organizations, and in the current environment there is a risk that your borrowers or other debtors may be unable to repay loans or other debts to you, for tax purposes the unpaid debts may be treated as business bad debt or ...


03.27.20

Emergency Loan Program under CARES Act Preserves Use of Net Operating Losses by Borrowers

The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) includes a $2 trillion COVID-19 relief package that authorizes the Treasury Department to make or guarantee loans to companies with losses that are tied to the pandemic and that threaten their continued operation.


03.27.20

Cross-Border Tax Impact of Travel Restrictions Due to COVID-19 Pandemic

To curb the spread of COVID-19, the United States, the EU and countries around the world have restricted nonessential travel and limited entry to citizens and permanent residents.


03.27.20

Qualified Improvement Property Deduction Technical Correction

The Tax Cuts and Jobs Act (TCJA) signed into law on December 22, 2017, was intended to accelerate the depreciation of “qualified improvement property” (QIP), which is generally defined as any improvement made to the interior portion of a nonresidential building any time after the ...