Ideas & Insights

Taxpayers should familiarize with Biden’s plan, remain vigilant for developments and position themselves to act at the appropriate times.

IRS modifies guidance on wages that are includible when computing section 199A deduction for taxpayers with short tax years.

Section 4960 final rules generally adopt the proposed regulations with some minor, taxpayer favorable modifications.

Final regulations provide guidance related to deducting fines and penalties and related information reporting requirements.

Final regulations on the section 199A deduction and the DPAD for certain specified co-ops closely mirror guidance in proposed regulations.

Employers impacted by COVID-19 may be eligible for payroll tax credits and deferrals reportable on their quarterly payroll tax returns.

In this short video, we bring you up to date on the final carried interest regulations and give guidance on actions fund managers may take.

Final regulations address self-charged interest and trading partnerships, but reserve on tiered partnerships and other items.

A roundup of considerations for companies while preparing income tax provisions for the year-ended Dec. 31, 2020.

New final regulations include rules for CFCs, depreciation/amortization ‘add-back recapture’ and self-charged interest.

Treasury Department and SBA announce reopening dates for Paycheck Protection Program - Jan. 11, 2021 and Jan. 13, 2021.

The IRS issued the final regulations for the section 45Q carbon sequestration credit after reviewing public comments.

Disaster relief may provide liquidity for individuals and businesses located in areas affected by presidentially declared disasters.

SBA releases two PPP reopening guidance packages. The first round of guidance provides information for new PPP borrowers.

SBA releases two PPP reopening guidance packages. The second guidance package provides information for eligible second draw PPP borrowers.

Year-end stimulus legislation extends Paycheck Protection Program and expands eligibility for exempt organizations.

Section 501(c)(4) organizations must submit applications for tax-exempt status to the IRS electronically through pay.gov.

Revenue procedure allows treatment of qualified residential living facility operations as a section 163(j) real property trade or business.

Learn more about the U.S. attribute reduction rules for stand-alone C corporations and how they apply to federal consolidated return groups.

Final regulations provide accrual taxpayers certain flexibility for recognizing income and offer sought-after cost offset for sale of goods.