On July 23, 2020, the U.S. Department of Treasury (“Treasury”) and the Internal Revenue Service (IRS) finalized regulations (T.D. 9902) with respect to the global intangible low-taxed income (GILTI) high-tax exception (“Final...more
On July 28, 2020, the Internal Revenue Service and the U.S. Department of the Treasury issued final regulations (the “Final Regulations”) under section 163(j) of the Internal Revenue Code (the “Code”). These regulations...more
Originally published March 27,2020 – Last updated April 27,2020
The Novel Coronavirus (COVID-19) pandemic has swiftly and significantly unsettled key sectors of the U.S. economy, impacted the viability of many businesses and...more
4/29/2020
/ Business Taxes ,
CARES Act ,
Coronavirus/COVID-19 ,
Family and Medical Leave Act (FMLA) ,
Federal Loans ,
Financial Stimulus ,
General-Business ,
Income Taxes ,
Paid Sick Leave Act ,
Paycheck Protection Program (PPP) ,
Popular ,
Relief Measures ,
Retirement Funds ,
Small Business ,
Student Loans ,
Tax Relief ,
Unemployment Benefits
On April 13, 2020, the Internal Revenue Service (IRS) released Revenue Procedure 2020-26 (the Revenue Procedure) that provides guidance with respect to certain forbearances and related modifications of mortgages as a result...more
The Novel Coronavirus (COVID-19) pandemic has swiftly and significantly unsettled key sectors of the U.S. economy, impacted the viability of many businesses and affected the financial health of millions of Americans. In...more
3/30/2020
/ Business Taxes ,
CARES Act ,
Coronavirus/COVID-19 ,
Family and Medical Leave Act (FMLA) ,
Federal Loans ,
Financial Stimulus ,
Income Taxes ,
Paid Sick Leave Act ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
Retirement Funds ,
Small Business ,
Student Loans ,
Tax Relief ,
Unemployment Benefits
The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) is expected to be enacted, as early as March 27, 2020. The CARES Act contains tax provisions intended to provide individuals and companies with liquidity as...more