The final debt-equity regulations issued on May 13, 2020, finalize proposed section 385 regulations issued in 2016 without any substantive changes to the existing debt-equity regulations, and withdraw the temporary section...more
Recent guidance, including Revenue Procedure 2020-22, released on April 10, 2020, offers additional clarity to taxpayers affected by changes to the treatment of Qualified Improvement Property included in the CARES Act. The...more