X
X

Find Your Specialist

X

Contact Us

Tax

Opportunity Zone Investors Get Relief from Deadlines, Investment Requirements

June 25, 2020

By Bryce Nations and Andrew Case As part of its continuing response to the COVID-19 pandemic, the IRS, in Notice 2020-39, has loosened the rules for opportunity zone investments, extending deadlines and relaxing investment standards. The opportunity zone program offers... Read More

IRS Provides More Details on the Employee Retention Credit

May 26, 2020

Under the CARES Act, employers get a refundable payroll tax credit for 50% of the first $10,000 in wages paid to employees during the COVID-19 crisis. The credit is allowed against the employer portion of social security taxes on wages... Read More

Monetizing Previously Restricted Losses Under the CARES Act

May 15, 2020

The CARES Act and Net Operating Losses Section 2303 of the CARES Act modifies the net operating loss (NOL) rules for both corporate and non-corporate taxpayers to permit the carryback of net operating losses generated in years beginning after December... Read More

Qualified Improvement Property (QIP) Deduction is Corrected Through CARES Act

May 14, 2020

As part of the CARES Act, Congress fixed a provision in the 2017 tax law in a move that has been long awaited by tax practitioners. As part of the Tax Cuts and Jobs Act Congress intended to provide a... Read More

New Audit Guidelines: Will Your R&D Tax Credit Documentation Invite an Audit?

April 24, 2020

The Large Business & International (“LB&I”) division at the IRS examines and enforces compliance on the largest and most complex companies and tax issues. The Research & Development Tax Credit is one such tax issue, which the IRS has found... Read More

Untangling the Technical: UK R&D Tax Credits – Untapped Potential

April 22, 2020

Did you know you may have cash hidden in unclaimed R&D tax credits? Mike Whitacre interviews Thomas Wells, leader in our UK R&D Tax Credit practice. Thomas Wells explains the benefits of R&D tax credits and which companies may qualify.... Read More

Understanding the COVID-19 Tax Credits

April 15, 2020

Recent legislation designed to combat the COVID-19 pandemic offers businesses tax credits to support employee paid sick and family leave and discourage layoffs. To address the immediate need for business cash-flow, the IRS has put in place three important procedures... Read More

relief package

Coronavirus Relief Package Signed into Law with Tax Relief, Stimulus Funds

March 28, 2020

The President has signed into law an unprecedented $2 trillion relief package designed to prop up U.S. citizens, hospitals and businesses during the coronavirus crisis. The 800+ page  “Coronavirus Aid, Relief, and Economic Security Act” (CARES Act)”  includes: various tax... Read More

Tax Reform Resource Center Alternative Header

CARES Act | Senate Relief Act Alert

March 24, 2020

Updated March 23, 2020 On March 19, 2020, a bill was introduced in the Senate, known as the “Coronavirus Aid, Relief, and Economic Security Act” or “CARES Act,” to further assist in the ongoing COVD-19 crisis. In addition to safety/health... Read More

Understanding Coronavirus Medical Leave and Tax Credits

March 23, 2020

Extended medical leave for employees and offsetting tax credits to pay for it are the focus of bipartisan legislation signed into law by President Trump on March 18, 2020. The “Families First Coronavirus Response Act” addresses the coronavirus outbreak by... Read More

Privacy Overview

When you use or access the Site, we use cookies, device identifiers, and similar technologies such as pixels, web beacons, and local storage to collect information about how you use the Site. We process the information collected through such technologies, which may include Personal Information, to help operate certain features of the Site (e.g., to prevent online poll participants from voting more than once), to enhance your experience through personalization, and to help us better understand the features of the Site that you and other users are most interested in.

You can enable or disable our use of cookies per category.

When you use or access the Site, we use cookies, device identifiers, and similar technologies such as pixels, web beacons, and local storage to collect information about how you use the Site. We process the information collected through such technologies, which may include Personal Information, to help operate certain features of the Site (e.g., to prevent online poll participants from voting more than once), to enhance your experience through personalization, and to help us better understand the features of the Site that you and other users are most interested in.

You can enable or disable our use of cookies per category.

Necessary Always Enabled

Essential cookies enable you to navigate our Site and use certain features, such as accessing secure areas of our Site and using other features of our service that require us to keep track of certain information as you navigate from page to page. Although some of these cookies are “required” to enable certain functionality, you can disable them in the browser, but doing so will limit your ability to use the features supported by such cookies.

Functionality cookies are cookies that support features of the Site, such as remembering your preferences.

These cookies collect information about how you use our Site, including which pages you go to most often and if they receive error messages from certain pages. These cookies are only used to improve how our Site functions and performs.

From time-to-time, we may engage third parties that track individuals who visit our Site. These third parties may track your use of the Site for purposes of providing us with certain marketing automation features (to help us improve our outreach to current and prospective clients) and providing you with targeted advertisements.