Ideas & Insights

UK government provides relief from DAC6, reducing the scope of reporting for UK intermediaries with cross-border transactions.

Guidance permits tax relief for fuel removed from terminals in Milwaukee or Madison and entered into Green Bay terminals through 2021.

The political and social landscape in the oil and gas industry is changing, and companies without an ESG strategy will fall behind.

Misconceptions about the federal research and development tax credit leave many companies paying more tax than required.

General Motors will refund Ohio $28 million in tax benefits after closing an assembly factory before the end of an incentives agreement.

The IRS updated taxpayers on its operations status and recognized the delays in processing check payments due on July 15, 2020.

The recent IRS Notice provides relief in the form of flexibility for investment timing and testing periods for QOFs and their investors.

Manufacturers changing over operations in order to create personal protective equipment may be exposed to new state tax liabilities.

TTB issued FAQs providing guidance for refund claims on taxpaid beer for brewers when unmerchantable beer is destroyed during COVID-19.

The U.S., Cayman, and other jurisdictions extend deadlines for filing FATCA and CRS reports, but exams and compliance programs continue.

Corporate taxpayers filing a consolidated return have an added layer of rules to navigate when carrying back a net operating loss.

Recent guidance extends certain deadlines for LIHTC, WOTC, and Historic Rehabilitation tax credits because of COVID-19.

Recent guidance provides that certain deadlines, including the allowable time to invest in a QOF, are now extended because of COVID-19.

The IRS issued guidance extending the time for taxpayers to file certain Form 3115s and Form 1128s to July 15, 2020.

As businesses renegotiate debts in the aftermath of COVID-19, it is critical to understand whether the debt is considered publicly traded.

State tax cash-flow maximization and risk minimization are available for private equity groups and their portfolio companies.

Accelerating worthless stock deductions on an insolvent subsidiary without disposing of the business to increase NOL carrybacks.

Delaware notices advise companies to either participate in the state’s unclaimed property VDA Program or be subject to an audit.

Immediate and retroactive expensing of qualified improvement property creates tax saving opportunities for taxpayers.

Bringing stability to your supply chain and maximizing liquidity is critical to maximize your organization’s financial results.