Ideas & Insights

Now that we are post-Brexit and new rules have been released, companies must quickly move from planning to execution stage.

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.

Join our webcast to learn about the unique challenges U.S. businesses face when engaging in online sales of goods and services overseas.

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.

Applications to sell unused state net operating losses and state research and development credits available the week of May 1, 2020.

Effective July 1, Maryland has exempted from sales and use tax the sale of certain personal property to qualified data centers.

Technology subsectors are not immune to the economic shock of COVID-19. However, they could see growth during this perilous environment.

First-of-its-kind tax would have imposed a gross receipts tax on large companies purchasing digital advertising in Maryland.

New or broader sales taxes or gross receipts taxes on digital goods and services may provide states much needed revenue.

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.

State tax cash-flow maximization and risk minimization are available for private equity groups and their portfolio companies.

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.