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    Final Regulations Address RIC Shareholders, Suspended Losses

    July 29, 2020

    The IRS has resolved some of the issues left open under proposed passthrough deduction regulations issued last year. Final regulations under Sec. 199A provide guidance on the treatment of previously suspended losses included in qualified business income (QBI) and on... Read More

    Apple’s EU Court Decision Illustrates the Importance of Transfer Pricing

    July 21, 2020

    Transfer Pricing is in the spotlight again this week with the news of a win for Apple and the Irish Government in the State Aid case brought by the European Commission. With billions of Euros at stake, it is no... Read More

    Latest PPP Rules Cover Loan Maturity, Loan Forgiveness Amounts and FTE Exemptions

    July 9, 2020

    The Treasury Department and the SBA have released new interim final rules, a new how-to FAQ and other revised FAQs to further explain how the PPP loan rules work. The clarifications relating to loan maturity, calculation of loan forgiveness amounts... Read More


    Relief for U.S. Business Travelers in Foreign Countries Due to COVID-19 Restrictions

    June 25, 2020

    The IRS has provided relief to U.S. persons who had to conduct business in a foreign country because they could not travel home due to “travel disruptions.” In Rev. Proc. 2020-30, the IRS clarifies the issue of whether extended business... Read More

    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

    Untangling the Technical

    Untangling the Technical | CARES Act Loan Program Update

    June 25, 2020

    The CARES Act keeps evolving, and our experts are here to provide the latest update. If ever there was a topic that needs untangling, this is it! Programs discussed in this podcast include the Main Street Lending Program, USDA CARES... Read More

    Untangling the Technical | UK COVID-19 Update – Changes to Furlough Arrangements and Wage Cost Claims

    June 16, 2020

    The UK Government has released further guidance on how employers should prepare for changes to the UK Job Retention Scheme from 1 July 2020. In this podcast, Mike Whitacre interviews Jonathan Clark, a Tax Director in Frazier & Deeter’s London... Read More

    New CARES ACT Loan Initiatives: Understanding the Main Street and USDA Cares Act Programs

    June 16, 2020

    While much has been written over the last several months about the Paycheck Protection Program (“PPP”) and the Economic Injury Disaster Loan Program (“EIDL”) administered by the Small Business Administration through the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, there are... Read More

    New PPP Loan Forgiveness Rules Allow for Much Needed Flexibility

    June 9, 2020

    On June 5th, the President signed a bill into law which grants PPP borrowers more flexibility in spending loan funds. The key changes made by the Payroll Protection Program Flexibility Act of 2020 (the “Act”) are: Change in the Covered... Read More

    New PPP Guidance Helps but Falls Short on Key Loan Forgiveness Rules

    June 5, 2020

    Almost weekly, Treasury, the IRS, and the SBA release guidance to help businesses understand and comply with the loan programs and tax changes enacted to mitigate economic damage from the COVID-19 pandemic. Recently, two interim final rules were released by the SBA to address some of the finer points of PPP loan forgiveness. The first set of rules covers payroll periods... Read More

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