President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), providing liquidity and other economic relief to individuals, families, and businesses facing the hardships of the coronavirus...more
The 2017 tax reform bill created a new deduction for owners of pass-through entities (partnerships, LLCs taxed as partnerships, S corporations, and sole proprietorships) of up to 20 percent of their "qualified business...more
In three new Q&As issued this past Monday, June 4, 2018, the IRS has provided important guidance and penalty relief for individual taxpayers living abroad or in the U.S. whose "total transition tax liability is less than $1...more
The changes to the Internal Revenue Code of 1986 (the Code) under the Tax Cuts and Jobs Act (the Act) are quite favorable to equipment leasing companies. This memorandum is a brief summary of the most significant...more
The newly passed tax legislation significantly alters the landscape for international business. The final Republican tax cut bill moves the U.S. from a so-called "global taxation regime" to a territorial taxation regime in...more
12/26/2017
/ Anti-Abuse Rule ,
Base Erosion Tax ,
Controlled Foreign Corporations ,
Corporate Counsel ,
Corporate Taxes ,
Income Taxes ,
International Tax Issues ,
Tax Deductions ,
Tax Rates ,
Tax Reform ,
Trump Administration
Long a priority of the Republican Party, the final tax cut bill includes significant simplification and lowering of the taxes paid by corporations. The bill eliminates the corporate Alternative Minimum Tax, creates a new tax...more
12/26/2017
/ Alternative Minimum Tax ,
C-Corporation ,
Corporate Taxes ,
Income Taxes ,
Like Kind Exchanges ,
Limited Liability Company (LLC) ,
New Legislation ,
Pass-Through Entities ,
Tax Deductions ,
Tax Rates ,
Tax Reform ,
Trump Administration