Ideas & Insights

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

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.

The TTB now allows tobacco proprietors to file their special occupation tax online via the agency’s Permit Online program.

The IRS extended the second quarter filing and payment deadline for federal sporting goods excise taxes until Oct. 31, 2020.

The Office of Tax Appeals determined that the taxpayer did not show that it undertook a process of experimentation.

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

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

Long awaited proposed regulations clarify a number of open questions that remained with the carbon sequestration credit.

TTB adopted, with minor changes, temporary regulations on alcohol tax filing dates implementing 2015 PATH Act for eligible excise taxpayers.

The IRS released proposed regulations that clarify five-year rehabilitation credit period created by the Tax Cuts and Jobs Act.

IRS Notice 2020-41 grants an extension to place renewable energy property in service and expands a safe harbor for beginning construction.

The IRS has issued updated questions and answers regarding CARES Act employee retention credits for employers impacted by COVID-19.

TTB issues new guidance in Q&A format about tax-free withdrawals of distilled spirits and hand sanitizer under the CARES Act.

New TTB FAQ addresses requirements for a winery holding remote wine tastings with customers, including tax, labeling, and container sizes.

A recent IRS private letter ruling granted an extension of time for the required certification of a Qualified Opportunity Fund.

IRS released CARES Act FAQs on aviation excise tax holiday. FAQs provide clarification on issues related to jet fuel and ticket tax.

Employers should use the updated Form 941 to properly report new CARES Act and FFCRA credits beginning in the second quarter of 2020.

Taxpayer-friendly measures provide interest waivers, extension of limitations periods and assistance to impacted businesses.

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