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Nexsen Pruet, PLLC

2020 Presidential Candidates' Tax Proposals

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Election Day is just under a month away. Will there be a “blue wave”? Will Republicans maintain control of the Presidency and the Senate? Who knows? But, at a high level, we can compare what tax policies may be implemented in...more

Proskauer - Tax Talks

COVID-19: Extension of the UK’s Job Support Scheme

Proskauer - Tax Talks on

As lockdowns loom across the land with the introduction of a three-tier system of restrictions based on local COVID-19 alert levels, at the highest alert level (tier 3) certain businesses will be forced to close, including...more

Ary Rosenbaum

Take extra precaution for COVID distributions

Ary Rosenbaum on

The Securities and Exchange Commission is urging professionals to take extra steps to ensure the safety of investors’ assets. ...more

Proskauer - Tax Talks

Section 1446(f) Final Regulations: Key Changes to Guidance on Non-Publicly Traded Partnership Interest Transfers by Non-U.S....

Proskauer - Tax Talks on

On October 7, 2020, the U.S. Internal Revenue Service (“IRS”) and Treasury Department released final regulations providing guidance on the rules imposing withholding and reporting requirements under the Code on dispositions...more

Lewitt Hackman

2020 Ballot: California’s Propositions 15, 19 Amend Tax on Real Property

Lewitt Hackman on

Of the twelve statewide ballot propositions certified to appear on the ballot for the upcoming election on November 3, 2020, two seek to amend the taxation of real property in California. Before diving into the proposed...more

Coblentz Patch Duffy & Bass

San Francisco Tax Propositions on the November Ballot

San Francisco voters will confront a number of tax measures on the November ballot. These measures are summarized below....more

Schwabe, Williamson & Wyatt PC

Oregon Department of Revenue to Allow Paper Returns and Documents to be Signed via Facsimile

On October 13, 2020, the Oregon Department of Revenue (“DOR”) issued a temporary administrative order amending OAR 150-305-0460 to allow paper returns, statements, or documents to be signed through a facsimile method.  A...more

Mayer Brown Free Writings + Perspectives

Limited US Tax Guidance for Adding ARRC and ISDA Fallbacks

On Friday, October 9, 2020, the Internal Revenue Service released Revenue Procedure 2020-44 (the “Revenue Procedure”), providing retroactive but limited relief for amending specific types of legacy contracts to add fallback...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, October 2020 # 9

Hogan Lovells on

In Washington: President Trump said Thursday that he is willing to go higher than his current $1.8 trillion offer for the next coronavirus stimulus package as negotiations continue. “Go big or go home,” Trump told Fox...more

Gerald Nowotny

The Accidental Entrepreneur – Part IV – Creating the Family Pension Plan

Gerald Nowotny on

I have been pontificating ad nauseam some readers might say, on the benefits of structuring a family business and investment holdings in my recommended version of the ideal corporate set up. My recommended structure is the...more

Farrell Fritz, P.C.

Wills, Trusts & Estates: Plain and Simple – Estate Planning: Is Now the Time to Use It or Lose It?

Farrell Fritz, P.C. on

The November election is right around the corner, and we could be looking at lower gift and estate tax exemptions and higher gift and estate tax rates. In addition, various estate planning techniques currently in use (for...more

Hahn Loeser & Parks LLP

The Results Of The 2020 Election Could Affect The Estate And Gift Tax Laws

Hahn Loeser & Parks LLP on

Between now and November 3, we will vote in the next Presidential election. The outcome could result in a sharp decline in the amount of the federal estate and gift tax exemption (the “Exemption”). The Exemption...more

White and Williams LLP

Pre-Election Tax Planning

White and Williams LLP on

Depending upon the results of the November election, potential changes could have a profound effect on the current estate and gift tax laws. Although the Biden-Harris campaign has not released any formal plans with respect to...more

Freeman Law

Conservation Easement Deductions: A Primer on Key Provisions

Freeman Law on

The IRS has been focused on enforcement efforts targeting conservation easement transactions.  And IRS data indicates that more enforcement efforts lie ahead.  The Senate Finance Committee, which has been engaged in a...more

Thomas Fox

Daily Compliance News: October 16, 2020-the Wells Fargo Corruption Continues edition

Thomas Fox on

In today’s edition of Daily Compliance News: 1. Wells Fargo fires over 100 for lying about PPP loan apps. (Forbes) 2. Store workers get fight prevention training for Covidiots. (NYT) 3. Largest criminal tax evasion case ever...more

Sheppard Mullin Richter & Hampton LLP

California Conforms To Federal Income Tax Treatment Of PPP Loan Forgiveness

As reported in our earlier blog post The CARES ACT – Tax Relief, the federal CARES Act provides for forgiveness of indebtedness for eligible recipients of Paycheck Protection Program (“PPP”) loans in an amount equal to the...more

McDermott Will & Emery

Weekly IRS Roundup October 5 – October 9, 2020

McDermott Will & Emery on

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of September 28, 2020 – October 2, 2020... October 7, 2020: The IRS published final regulations...more

McDermott Will & Emery

Legislation Proposes to Retroactively Remove New York FCA Culpability Standard

McDermott Will & Emery on

With Halloween just a few weeks away, a scary proposal is brewing in the New York State Legislature that should give taxpayers chills. Companion bills Assembly Bill 11066 and Senate Bill 8872 were recently introduced by...more

Farella Braun + Martel LLP

Year-End Estate Planning in an Election Year

The 2020 election is less than a month away and year-end estate planning is already underway for many. Under current law, the estate, gift and GST (generation-skipping transfer) tax exemptions for 2020 are set at $11,580,000...more

Freeman Law

Boo! — Personal Liability Exposure for Your Business’ State Taxes

Freeman Law on

Halloween is just around the corner, and if you thought this year could not get any scarier, think again. Failure to remit your business’ taxes to the state may result in a personal visit by the Office of the Texas...more

Partridge Snow & Hahn LLP

Internal Revenue Service Clarifies Tax Rule for Marijuana Industry

The Internal Revenue Service (IRS) issued guidance on Thursday, September 10, 2020, to marijuana businesses. The new guidance does not change existing IRS rules, but briefly explains the rules for reporting income, paying...more

Clark Hill PLC

Insight on Illinois - October 2020 #1

Clark Hill PLC on

Election Day is within sight and campaign activity is at a fever pitch. Here in Illinois, the campaign getting the most attention is the Pritzker-led effort to amend the Illinois Constitution to allow the General Assembly to...more

Murtha Cullina

IRS Updates Guidance on Business Meal and Entertainment Deductions

Murtha Cullina on

The 2017 Tax Cuts and Jobs Act (the “TCJA”) eliminated the 50% deduction for any expenses related to business entertainment, amusement or recreation activities. Taxpayers may, however, still deduct business expenses related...more

Hodgson Russ LLP

SBA Simplifies Forgiveness Application Process for Paycheck Protection Program Borrowers (and Their Lenders) on Loans of $50,000...

Hodgson Russ LLP on

For the past few months, lenders, trade groups, borrowers, and some lawmakers have been pushing for a more streamlined forgiveness process for Paycheck Protection Program (PPP) loans up to $150,000, though a consensus has not...more

Morgan Lewis

IRS Provides Interim Guidance on Moving Away From Interbank Offered Rates to Fallback Rates

Morgan Lewis on

The Internal Revenue Service (IRS) has issued Revenue Procedure 2020-44 (the Revenue Procedure) providing interim guidance for taxpayers moving away from Interbank Offered Rates (IBORs) to fallback provisions issued by the...more

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Updated: May 25, 2018:

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Privacy Officer
JD Supra, LLC
10 Liberty Ship Way, Suite 300
Sausalito, California 94965

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Privacy Officer
JD Supra, LLC
10 Liberty Ship Way, Suite 300
Sausalito, California 94965

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Updates to This Policy

We may update this cookie policy and our Privacy Policy from time-to-time, particularly as technology changes. You can always check this page for the latest version. We may also notify you of changes to our privacy policy by email.

Contacting JD Supra

If you have any questions about how we use cookies and other tracking technologies, please contact us at: privacy@jdsupra.com.

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