Loans between cash and accrual related parties / OID
Required withholding on disposition of partnership interest
This article summarized the planning opportunity provided by Rev. Proc. 2019-33 regarding late bonus elections or the revocation of an existing bonus election without the need for IRS approval.
Rev Proc 2019-38 updates safe harbor for rental real estate as a qualified trade or business
This article discusses the new requirements that apply in order for DROs to be respected for purposes of Sec. 704.
This case is a reminder that just because a person qualifies as a real estate professional doesn't mean their rental real estate activities are automatically nonpassive.
If you have a client with SALT deductions in excess of $10K and who also claims a home office deduction, you need to read this.
This report by the Congressional Research Service provides a listing of tax provisions that expired in 2017 and 2018 or will expire in 2019, along with their status in Congressional extender bills.
Effective Planning with Defective Trusts
You can use this website to enter a street address and find out whether it is located in an Opportunity Zone.
Loaded v. Unloaded vehicle weight rating
Surprising way to reduce underpayment penalties
When giving due consideration to tax planning concepts that have been tried and true for your entire career, don’t lose sight of the added complications brought to you by TCJA
The IRS has deferred some 2019 Form 1065 and K-1 disclosures and provided additional guidance. This Tax Alert provides details on the Notice.
Comparison of SBA COVID -19, other 7(a) , and 504 Loan Programs
Powerpoint presentation - IRS Practice & Procedure COVID 19 Changes
Summary on new Main Street Lending Program
Summary Notice 2020-23- Expanded Tax Filing and Payment Extensions
summary memo of interim rule on Self Employed PPP borrowing and loan forgiveness and relaxed restrictions for directors and bank shareholder to apply
memo summarizing rules for making payments under IRC 139
A discussion of funding included in the CARES Act for nonprofit, governmental, and tribal organizations
Discussion of a lending program to help nonprofits and mid-sized businesses
An example checklist to assess preparedness for emergencies
There are numerous programs signed into law to provide assistance to businesses dealing with the COVID-19 pandemic. Below is an overview of tax credits tha
Relief options for nonprofits under the CARES Act
Summary of availability of EIDL to Nonprofits
Summary of SBA PPP eligibility rules
Summary memo on determining FTEs under SBA PPP loan forgiveness
and What About RMDs Already Taken This Year?
memo summarizing issues surrounding SBA economic uncertainty FAQs
Released by Treasury 5/15/20
Summary memo of PPP Loan Forgiveness application
PPP Loan Forgiveness Webinar
Summary of Act revising PPP
Guidance on preparing Form 1139 and 1045 for NOL carryback and claiming MTC
summary of SBA IFR issued on June 22nd
Information on tax planning opportunity to roll 2020 RMDs back into retirement account
Summary of law extending borrowing time frame
summary on IRS LB&I announced campaign to target IRC 965 transition tax compliance
The IRS has issued long-awaited for final regulations on Sec. 163(j). Additional guidance on Sec. 163(j) was issued at the same time.
Applies to automatic changes only
Finally some clarification from IRS
summary of IRS rules released in July 2020 on ability to elect out of GILTI for certain CFCs
Complete this checklist to confirm your property is QIP and whether it is eligible for a 15 year life and bonus depreciation.
Due to Covid-19 IRS has been delayed in processing tax payments
Link to IRS webpage for BBA partnership audit resoruces
IRS announcement allowing digital signatures on certain forms through December 31, 2020