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IRS Updates Guidance on Deductibility of Expenses Paid With PPP Loan Proceeds

The IRS recently released additional guidance about the tax treatment of expenses paid with proceeds of Paycheck Protection Program loans. The PPP loans are a COVID relief program enacted as part of the CARES Act....more

Attorney Work-Product Protection for Taxpayer Information Used to Prepare an Expert Witness Report

The U.S. Court of Appeals for the Ninth Circuit recently held that in-house counsel's legal memos used to prepare an expert witness were partially protected from disclosure as attorney work product. In the course of an income...more

Treasury Answers Payroll Tax Deferral Questions But Leaves More Unanswered

On Friday, Aug. 28, 2020, the Department of the Treasury released Notice 2020-65 (the "Notice") which provides some long-awaited guidance for the payroll tax deferral announced in the Presidential Memorandum issued by...more

Pres. Trump’s Tax Deferral Plan Raises Questions for Employers

On Saturday, Aug. 8, Pres. Donald Trump signed the "Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster," providing that the withholding, deposit, and payment of the employee's portion of...more

Sixth Circuit Rules on Research Tax Credit

In Audio Technica U.S., Inc. v. United States, 2020 WL 3481702 (6th Cir. 2020), the Sixth Circuit has made clear that calculation of the federal income tax credit for increasing research activities may require a taxpayer...more

COVID-19: Paycheck Protection Program Loan Guidance for Partnerships and Independent Contractors

On April 14, 2020, the U.S. Small Business Administration (SBA) clarified the treatment of companies treated as partnerships for income tax purposes, and partners and sole proprietors/independent contractors for Paycheck...more

IRS Expands COVID-19 Relief, Postpones Time for Performance of Certain Taxpayer-Favorable Acts

The Treasury Department and the IRS have expanded COVID-19 relief in Notice 2020-23 released April 9, 2020.  Taxpayers that have payment obligations and filing deadlines between April 1, 2020, and before July 15, 2020, may...more

IRS Extends Filing Deadlines For Tax Exempt Organizations

On April 14, 2020, the IRS confirmed that, in response to the coronavirus (COVID-19) pandemic, the deadline imposed on tax exempt organizations for filing Form 990-series annual information returns (Forms 990, 990-EZ, 990-PF,...more

IRS Extends Deadlines for Like-Kind Exchanges, Qualified Opportunity Zone Investments

On April 9, 2020, the Internal Revenue Service issued Notice 2020-23 extending certain deadlines provided by the Internal Revenue Code for taxpayers either engaging in Section 1031 like-kind exchanges or making investments in...more

Michigan State and City Income Tax Deadlines Extended to July 2020

On March 27, 2020, Governor Gretchen Whitmer signed Executive Order 2020-26 to temporarily suspend strict compliance with certain tax filing and payment deadlines in Michigan. These new filing and payment deadlines follow in...more

CARES Act: Tax-Related Provisions

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes provisions to provide employment tax credits and relief to businesses and to reduce or eliminate the restrictions on the use of losses or deductions....more

CARES Act: Nonprofit Organizations

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes provisions beneficial to nonprofit organizations. Paycheck Protection Program Loans - A significant feature of the CARES Act is the loan...more

COVID-19: Federal Tax Deadline Extended to July 15

Because of the presidential emergency declared regarding the COVID-19 virus pandemic, the IRS published on March 20, 2020, Notice 2020-18, amending a prior notice that limited the amount of a federal income tax payment that...more

Tax Day Moved to July 15

On March 18, 2020, the United States Treasury Department issued Notice 2020-17 to provide relief from tax deadlines because of the COVID-19 emergency. A taxpayer with a federal income tax payment due April 15, 2020, may...more

Responding to Supreme Court Decision, New Michigan Sales Tax Collection Requirements to Take Effect October 1st

As a result of the U.S. Supreme Court's June 2018 decision in South Dakota v. Wayfair, the Michigan Department of Treasury has issued sales and use tax guidance adopting economic nexus standards for remote sellers....more

Physical Presence of the Seller is No Longer Required for a State to Impose Sales Tax

The U.S. Supreme Court has struck down a decades-old requirement that a seller must have a physical presence within a state to be required to collect sales tax. The June 21, 2018, opinion in South Dakota v Wayfair opens the...more

USCIS Outlines Tougher Requirements for Third-Party Placement for H-1B Workers

Reporting requirements for employers increased this week with regard to third-party placement of H-1B foreign workers. Previously, United States Citizenship and Immigration Services (USCIS) required H-1B employers to provide...more

IRS Safe-Harbor to Calculate Federal Income Tax Credits for Research Expenses

A taxpayer may claim a credit against its federal income tax liability for research expenses paid or incurred during the tax year. The definitions of research expenses for financial reporting purposes and federal income...more

Big Incentives Available for Opportunity Zone Investments

Investors got some great news in the Tax Cuts and Jobs Act, which enables them to delay paying the tax on capital gains. If a taxpayer generates a capital gain and invests that amount in a qualified opportunity fund within...more

Time to Plan for Fiscal Year 2019 H-1B Cap Season

H-1B petitions subject to the Fiscal Year 2019 cap (FY 2019) must be received by U.S. Citizenship and Immigration Services (USCIS) during the first five days of April 2018. As April 1 falls on a Sunday in 2018, employers...more

The Supreme Court Allows Pres. Trump’s Immigration Proclamation to Take Effect

The Supreme Court has issued orders allowing the Trump Administration to enforce a ban on travel to the United States while the Ninth U.S. Circuit and Fourth U.S. Circuit Court of Appeals rule on its legality. As we...more

Congressional Confusion About the Federal Income Tax Credit for Research Expenditures

All congressional committees that have issued explanations of the pending Tax Cuts and Jobs Act may not be speaking with one voice about supporting the federal income tax credit for research expenses. That is cause for...more

The Latest on President Trump's Executive Order

President Donald Trump issued his Presidential proclamation, “Enhancing Vetting Capabilities and Processes for Detecting Attempted Entry Into the United States by Terrorists or Other Public-Safety Threats" on Sept. 24, 2017....more

USCIS Reinstates Premium Processing Service for All H-1B Petitions

USCIS announced it has resumed premium processing for all types of H-1B petitions. Effective Oct. 3, 2017, employers may request to upgrade pending H-1B petitions with premium processing or file new H-1B petitions using...more

10/4/2017  /  H-1B , USCIS , Visas

Premium Processing Service Resumes for FY 2018 Cap-Subject Cases

USCIS announced it has resumed premium processing for all H-1B petitions subject to the Fiscal Year 2018 cap. Effective September 18, 2017, employers may request to upgrade pending cap-subject petitions with premium...more

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