The first order of business for many state tax authorities in response to COVID-19 was deciding whether to extend their respective income tax filing and payment deadlines for the 2019 tax year, either automatically by...more
4/8/2020
/ Apportionment ,
CARES Act ,
Coronavirus/COVID-19 ,
Federal v State Law Application ,
Filing Deadlines ,
Income Taxes ,
IRS ,
Net Operating Losses ,
Nexus ,
Remote Working ,
State of Emergency ,
State Tax Equalization Boards ,
State Taxes ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Incentives ,
Tax Relief ,
Telecommuting ,
Time Extensions ,
Withholding Requirements
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law on March 27, 2020, representing the so-called “Phase 3” of the response to the COVID-19 pandemic, as discussed in our client alert “CARES...more
4/2/2020
/ Base Erosion and Anti-Abuse Tax (BEAT) ,
CARES Act ,
Controlled Foreign Corporations ,
Coronavirus/COVID-19 ,
Debt Restructuring ,
EBITDA ,
GILTI tax ,
High-Yield Markets ,
Interest Income ,
International Tax Issues ,
Net Operating Losses ,
Relief Measures ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Planning ,
Tax Relief
On September 9, 2019, the Treasury Department (Treasury) and the Internal Revenue Service (IRS) proposed regulations (proposed regulations) addressing items of income and deduction that are included in the calculation of...more
9/30/2019
/ Acquisitions ,
Built-In Gains ,
Change in Ownership ,
Corporate Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Loss Limitation Rules ,
Mergers ,
Net Operating Losses ,
Proposed Regulation ,
Section 382 ,
Tax Deductions ,
Tax Planning ,
U.S. Treasury
On December 22, 2017, President Donald Trump signed into law a budget reconciliation act commonly referred to as the Tax Cuts and Jobs Act (TCJA). This sweeping tax bill represents the most comprehensive reform of U.S. tax...more
2/20/2018
/ Anti-Abuse Rule ,
Base Erosion Tax ,
Business Taxes ,
Casualty Insurance ,
Controlled Foreign Corporations ,
Corporate Taxes ,
Foreign Corporations ,
Life Insurance ,
Net Operating Losses ,
Parent Corporation ,
Passive Foreign Investment Company ,
Principle-Based Reserves ,
Property Insurance ,
Tax Cuts and Jobs Act ,
Tax Rates ,
Tax Reform ,
Trump Administration