Ideas & Insights

Today, the House of Representatives passed the CARES Act on a voice vote and the President signed the bill enacting it into law.

Act contains broad relief for individuals and businesses; includes funding vehicles, recovery payments, and modifications to TCJA provisions

Mandatory paid leave for employees impacted by COVID-19 is set to start April 1, 2020, per new Department of Labor guidance.

Widespread availability of credits and economic incentives during the COVID-19 pandemic may help businesses increase cash flow.

On March 19, the U.S. Senate released the third round of emergency assistance resulting from the 2020 COVID-19 pandemic.

IRS LB&I issued a memo to communicate the process to centralize compliance risk determinations for research credit cases.

If your company owns or leases energy-efficient commercial buildings, you may be eligible for a deduction for associated property costs.

New proposed regulations provide helpful examples of business entertainment and meals deductions still permissible after TCJA restrictions.

IRS LB&I announce campaigns to improve compliance with fuel mixture credits and research issues related to sections 41 and 174.

QOZ funds, operating businesses and private investors should understand the practical application of the final QOZ regulations.

IRS issued guidance describing the start of construction requirement and partnership structure for the carbon sequestration credit.

This article discusses state, county, and local-level credits and incentives a company should consider in evaluating investment into the US.

In the event of an economic slowdown, how should taxpayers consider adjusting their pursuit of credits and incentives?

The IRS describes the procedures required to make a one-time claim for all 2018 and 2019 biodiesel and alternative fuels tax credits.

The medical device excise tax, the health insurance tax and Cadillac tax have all been repealed by recent legislation.

The ruling allows taxpayers to amend a return to increase their ITC because of an increase in the basis of self-constructed property.

The final Qualified Opportunity Zone regulations include several taxpayer favorable improvements over the proposed regulations.

Taxpayers received a pre-holiday surprise when Congress ended stalemate to agree to extend many popular tax incentives.

The Final QOZ Regulations have been submitted to the Office of Management and Budget for final review and publication is expected soon.

Puerto Rico has enacted new legislation to provide additional tax benefits for investing in projects in PR opportunity zones.