Corporate Taxes, Internal Revenue Code (IRC), CARES Act

Weekly IRS Roundup September 20 – 24, 2021

McDermott Will & Emery on 9/27/2021

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of September 20 – 24, 2021. September 22, 2021: The US Department of the Treasury (Treasury) and...more

“Should Five Percent Appear Too Small, Be Thankful I Don’t Take It All”: Ways and Means Committee Advances Tax Increase and Reform...

ArentFox Schiff on 9/23/2021

The House Ways and Means Committee advanced key tax reform proposals on September 15 that would increase taxes for corporations and high-income individuals. Several tax reform proposals are under consideration as part of...more

COVID-19 Relief? Think Again!—Corporate Charitable Contributions for Disaster Relief

Freeman Law on 2/5/2021

Since the COVID-19 pandemic hit the United States in early 2020, relief efforts have taken many forms—personal services, legislative efforts, volunteer hours, and even charitable contributions. Yes, when both people and...more

Covid-19 Tax Relief Makes Winners out of Losses (for some)

Dorsey & Whitney LLP on 7/15/2020

The CARES Act, signed into law on March 27, 2020 in the wake of the onset of the Covid-19 pandemic, contained numerous changes to U.S. federal income tax law. One such change applied to the deductibility of net operating...more

Choose your own adventure: IRS releases Rev. Proc. 2020-25 providing taxpayers with options to utilize the CARES Act’s QIP...

Eversheds Sutherland (US) LLP on 4/21/2020

On April 17, 2020, the IRS released Rev. Proc. 2020-25, which provides procedural guidance to secure bonus depreciation with respect to qualified improvement property (QIP) made by the CARES Act. Due to a scrivener’s error in...more

IRS Issues Guidance Regarding Net Operating Loss Carryback Waivers and Refunds Under the CARES Act | Blogs | Coronavirus Resource...

Foley & Lardner LLP on 4/16/2020

On April 9, 2020, the IRS issued: Rev. Proc. 2020-24, which provides guidance under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) relating to relinquishment of certain net operating loss (NOL)...more

Business Tax Incentives and Relief Resulting from COVID-19 Response

Holland & Knight LLP on 3/31/2020

As a result of the coronavirus (COVID-19) pandemic, several legislative and regulatory measures have been promulgated in an effort to assist businesses during the economic downturn. Below is a summary of the most important...more

Corporate Taxes › Internal Revenue Code (IRC) › CARES Act