Ideas & Insights

Companies abandoning plans for IPO or SPAC transactions should consider the deductibility of transaction costs and termination fees.

After 17 months of internal discussions, the German administration approved a draft bill to implement the EU Anti-Tax Avoidance Directives.

Kentucky passes a series of tax bills intended to attract cryptocurrency miners with new exemptions and credits.

The German Ministry of Finance has released new guidance clarifying withholding treatment of IP registered in Germany.

LB&I’s compliance campaign focuses on taxpayer reporting of purchase price allocations in taxable asset acquisitions.

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

IRS releases a statement announcing that the application period for the CAP program is now open to qualifying corporations for 2021.

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

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

The IRS provided long-awaited guidance for taxpayers anxious to take advantage of the NOL provisions in the CARES Act.

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.

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.

Department issued compliance alert explains the sales and use tax collection responsibilities for marketplace facilitators and sellers.

Corporate income tax regulations provide procedures for pass-through entities to elect to be taxed as C corporations.

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