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Tax Alerts

Subscribe today to receive tax updates at the frequency you prefer. Tax Alerts offer timely notification of the latest changes in federal, state and international tax legislation, court rulings and tax authority positions, distributed as the news breaks. Tax Alerts Roundup compiles each of these alerts in a biweekly newsletter for your convenience.

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most recent tax alerts

Final regulations governing exempt organizations' donor disclosures

Final regulations governing exempt organizations' donor disclosures

Final regulations promulgated under section 6033 reduce Form 990, Schedule B reporting for certain exempt organizations.

  • Alexandra Mitchell, Morgan Souza, Julia Barlow
  • |
  • June 01, 2020
IRS issues rehabilitation tax credit proposed regulations

IRS issues rehabilitation tax credit proposed regulations

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

  • Tom Windram, Paul Nadin
  • |
  • June 01, 2020
Renewable energy credit flexibility created for COVID disruptions

Renewable energy credit flexibility created for COVID disruptions

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

  • Tom Windram, Jared Boucher
  • |
  • June 01, 2020
IRS updates FAQs on CARES Act employee retention credits

IRS updates FAQs on CARES Act employee retention credits

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

  • Jill Harris, Karen Field, Bill O’Malley
  • |
  • May 29, 2020
IRS pushes deadlines for some employee benefits and exempt orgs

IRS pushes deadlines for some employee benefits and exempt orgs

Deadlines postponed for certain employment taxes, employee benefit plans, IRAs, HSAs, MSAs and other time-sensitive actions.

  • Anne Bushman, Alexandra Mitchell, Julia Barlow
  • |
  • May 29, 2020
New IRS website guidance regarding CARES Act NOL carrybacks and AMT

New IRS website guidance regarding CARES Act NOL carrybacks and AMT

Questions and answers about how NOL carryback refund claims should address AMT calculations are now available on the IRS’ website.

  • Stefan Gottschalk, Alina Solodchikova, Andrew Mizer
  • |
  • May 29, 2020
IRS to allow electronic filing of Form 1040X this summer

IRS to allow electronic filing of Form 1040X this summer

The IRS announced the addition of 2019 Form 1040X to the library of electronic filings beginning this summer.

  • Carol Warley, Rebecca Warren
  • |
  • May 28, 2020
Michigan Supreme Court: Services must be sourced to Detroit

Michigan Supreme Court: Services must be sourced to Detroit

Services performed in Detroit for clients located outside the city should be sourced to Detroit for purposes of the city’s income tax.

  • Harlan Kwiatek, John Wozniczka, Tom Blaze
  • |
  • May 28, 2020
U.S. tax treaties will interpret NAFTA as USMCA

U.S. tax treaties will interpret NAFTA as USMCA

Treasury released guidance indicating that references to NAFTA can be interpreted as USMCA for purposes of U.S. tax treaties.

  • Ramon Camacho, Ravi Dadlani
  • |
  • May 27, 2020
SBA formalizes loan forgiveness guidance; loan review procedures

SBA formalizes loan forgiveness guidance; loan review procedures

SBA releases authoritative loan forgiveness guidance as well as SBA loan review procedures and borrower responsibility.

  • Justin Stallard, Karen Field, Ryan Corcoran
  • |
  • May 27, 2020