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Tax Code Relief Measures

McDermott Will & Emery

Weekly IRS Roundup April 19 – April 23, 2021

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Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 19, 2021 – April 23, 2021... April 19, 2021: The IRS issued a news release announcing the...more

Cadwalader, Wickersham & Taft LLP

Tax Changes in COVID-19 Relief Legislation

President Biden signed a $1.9 trillion COVID-19 relief package into law on March 11, 2021. - In addition to providing stimulus checks, increased unemployment assistance, funding for vaccine distribution and COVID-19...more

Williams Mullen

Williams Mullen 2021 Virginia General Assembly Session Overview

Williams Mullen on

The 2021 General Assembly session adjourned sine die (Latin for adjourning with no appointed day for resumption) on February 8th. The General Assembly convened its 2021 Special Session on February 10th and adjourned sine die...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Congressional Enactment of COVID-19 Omnibus Legislation: Solar/Wind Tax Credit Extensions

The United States Congress enacted on December 21st COVID-19 omnibus legislation. The legislation includes targeted renewable energy initiatives....more

McDermott Will & Emery

IRS Reasserts That Forgivable PPP Expenses Are Not Deductible, but Is Legislative Relief on the Way?

McDermott Will & Emery on

Loans under the Payroll Protection Program (PPP) are eligible for forgiveness depending upon whether and when the loan proceeds are used for qualified business expenses. One of the benefits of this program is that there is no...more

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