Perspectives on Tax & Wealth Planning
55 total results. Page 1 of 3.
Following stalled negotiations about a fifth round of coronavirus relief in Congress, President Trump signed an executive order on August 8, 2020 directing the US Treasury to suspend the obligations of employers to withhold and deposit the employee share of Social Security taxes.
Credit provides incentives for investors funding early-stage life science, research and development, commercialization, and manufacturing.
The tax provisions of the HEALS Act would expand upon and modify several provisions of the Coronavirus Aid, Relief and Economic Security (CARES) Act, including the employee retention tax credit, while also introducing additional tax relief to individuals and businesses.
Federal Reserve Board Announces Nonprofit Organization Loan Facilities Under Main Street Lending Program
Draft term sheets issued by the Federal Reserve Board announce a proposed expansion of the Main Street Lending Program to certain Nonprofit Organizations.
The 2020 edition of Legal 500 US has rated 43 Arent Fox LLP attorneys as national leaders in their field. In addition, 14 of the firm’s practice areas were ranked among the best in the country.
PPP Flexibility Act Removes Bar on Deferral of Employer Portion of Social Security Taxes for PPP Loan Recipients
The Paycheck Protection Program Flexibility Act of 2020 removes the CARES Act provision that disallows employers who obtain forgiveness of a PPP loan from deferring the employer portion of Social Security taxes until December 31, 2021 (one-half) and December 31, 2022 (one-half).
REITs Accruing Rent Without Receiving Corresponding Cash Payments Need to Start Considering Their Options Now
Because COVID-19 has caused many tenants to experience significant financial hardship and cash shortfalls, their landlords that are real estate investment trusts (REITs) may experience challenges satisfying tax requirements to maintain REIT status in 2020.
Jeffrey B. Tate, Philip S. English*, Laura E. Doyle, Christian M. McBurney, Joseph A. Rieser, Julianne DeLeo, Jennifer A. Stecco*
On May 12, the House Democrats introduced an aspirational tax package within the Health and Economic Recovery Omnibus Emergency Solutions Act (the “HEROES Act”), which lays out their starting point in negotiations with the Senate and provides insight into the top Democratic legislative tax prioritie
Under IRS Notice 2020-32, no deduction is allowed for a payment that is otherwise deductible if the payment of the expense results in forgiveness of a covered loan pursuant to the CARES Act and the income associated with such forgiveness is excluded from gross income under the CARES Act.
On April 23, 2020, the Massachusetts Legislature passed an act providing for remote notarization to address challenges related to the 2019 novel coronavirus (COVID-19). The act has been sent to Governor Baker for his review and signing.
The IRS has granted a six-month extension to file applications for a tentative carryback adjustment under the “quickie” refund procedure for net operating losses that arose in tax years that began in calendar year 2018 and that ended on or before June 30, 2019. As a result, affected taxpayers have u
On April 10, the Internal Revenue Service published responses to frequently asked questions with respect to the payroll tax deferral provisions of the CARES Act.
The notice also suspends associated interest, additions to tax, and penalties for late filing or late payment until July 15, 2020.
As our country grapples with the health, economic, and social impacts of COVID-19, the US Congress has weaponized the US tax law to provide economic stimulus and soften the financial blow dealt by COVID-19 through two key pieces of legislation.
The Treasury Department extends the US federal tax filing deadline from April 15 to July 15
Treasury Department extends tax payment deadline by 90 days for most individual taxpayers and many businesses
The Setting Every Community Up for Retirement Enhancement Act (the SECURE Act) was passed on December 20, 2019, with most of its provisions taking effect as of January 1, 2020.
Twenty-five Arent Fox LLP practices have been recognized in the 2020 “Best Law Firms” rankings that are published annually by US News & World Report and Best Lawyers.
On September 24, the IRS issued Revenue Procedure 2019-38, clarifying rental real estate owners’ eligibility for the highly anticipated tax break under section 199A of the Internal Revenue Code.
WASHINGTON, DC — Arent Fox LLP is pleased to announce that 11 partners have been rated as ‘Top Lawyers’ by Washingtonian magazine. The honorees are recognized as being among the Washington, DC-area’s “star legal talent.”
Earlier this month, Arent Fox LLP received the “Best Deal of the Year” award from the Washington DC Economic Partnership for a deal financing the acquisition of a new training center for the Spanish Education and Development Center.
WASHINGTON – Arent Fox LLP is pleased to announce the expansion of its Tax practice in Washington, DC with the addition of Partner Jeffrey Tate.
Latinvex Names Arent Fox a Top Firm in Latin America for Business, Litigation, and Intellectual Property Work
WASHINGTON — Latinvex has rated Arent Fox a top law firm for companies operating in Latin America. In particular, the publication named Arent Fox one of the best firms for Latin American businesses in need of litigation and intellectual property counseling.
Byron Dorgan, Philip S. English*, Dan H. Renberg, Jon S. Bouker, Craig Engle, Norman F. Lent III, Laura E. Doyle, Mariana Acuna*, Daniel Sjostedt*
As the dust settles on a campaign cycle that was unprecedented in many ways, we have composed this biennial post-election analysis to assist our clients in assessing the potential impact of the elections on their organizations and their industries.