Ideas & Insights

The previous June 30 deadline to carryback 2018 NOLs on Form 1139 and Form 1045 has been extended to July 15.

Mississippi will require marketplace facilitators to register to collect and remit sales and use taxes beginning July 1, 2020.

The state will decouple from the taxpayer-friendly interest expense and net operating loss provisions of the federal CARES Act.

Among other matters, recently issued GASB Statement No. 97 addresses the accounting and financial reporting for Section 457 plans.

The International Accounting Standards Board recently released several amendments to IFRS 17, Insurance Contracts.

We have updated our white paper to address the accounting by lenders for loans entered into under the Paycheck Protection Program.

We have updated our white paper that discusses estimating the fair value of a noncontrolling interest in a business combination.

The SEC recently provided a cross-Divisional update regarding its targeted regulatory relief related to the COVID-19 pandemic.

The Sixth Circuit held that the DOJ should have been permitted to provide evidence regarding a taxpayer’s historic R&D credit information.

Due to the COVID-19 pandemic and economic crisis, the IRS will permit employers to adopt midyear amendments to plan contribution formulas.

Expansive tax bill provides taxpayer-friendly changes while balancing reduced tax revenue in the COVID-19 economy.

Fiscal year 2021 budget includes temporary tax changes in order to generate much needed revenue in the COVID-19 economy.

Municipal bonds have a long history of capital preservation in stressful periods and enjoy a number of foundational strengths.

New York enacts legislation further decoupling New York City corporate and UBT taxes from certain CARES Act provisions.

Notice 2020-51 affords welcome additional flexibility for individuals to deal with required minimum distributions they took in 2020.

TTB FAQs allowing for the destruction of beer off brewery premises and waiver of notice of intent to destroy were extended through Sept. 1.

Refundable credit receives taxpayer-friendly updates, including increased availability and extended application deadline and sunset dates.

Recently issued final section 199A regulations clarify the treatment of suspended losses and provide guidance on certain RIC dividends.

The SEC Chief Accountant recently addressed the continued importance of high-quality financial reporting in light of COVID-19.

The proposal concerns ERISA plans that make investment decisions based on environmental, social and corporate governance (ESG) factors.