Late on Wednesday, March 25, 2020, the Senate passed by a 96-0 vote its version of the “Third Phase” of COVID-19 relief entitled “Coronavirus Aid, Relief, and Economic Security Act” (“CARES Act”). The approximately $2 ...
Archives
On March 20, 2020, the Treasury Department and the Internal Revenue Service issued Notice 2020-18, superseding Notice 2020-17, issued on March 18, 2020, which provided tax payment relief for taxpayers. Notice 2020-18 provides expanded tax ...
The Families First Coronavirus Response Act (H.R. 6201 or “the Act”), became law on March 18, 2020. The Act guarantees free testing for the novel coronavirus (COVID-19), establishes emergency paid sick leave, expands family and ...
As part of the Federal government’s emergency assistance to taxpayers during the COVID-2019 pandemic, the Treasury Department and the IRS issued Notice 2020-17 on March 18, 2020 providing payment relief for all taxpayers with Federal ...
HM&M Recommends that You Take Immediate Actions Overview The Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”) was signed into law by President Trump on December 20, 2019. The ...
2019 Tax Law Change Update Highlights of spending package’s tax law changes The federal government spending package titled the Further Consolidated Appropriations Act, 2020, does more than just fund the government. It extends certain income ...
In the late afternoon on Friday, January 18, 2019, the IRS issued in rapid-fire succession four documents concerning Section 199A and its pass-through deduction: Final Regulations Proposed Regulations Notice 2019-07 – notice of a proposed ...
The Tax Cuts and Jobs Act temporarily doubled the value of assets that can be transferred without triggering estate or gift tax. Commentators and our clients have been asking whether the Internal Revenue Service (IRS) ...
On August 8, the Internal Revenue Service issued much-anticipated proposed regulations (REG- 107892-18) (“Proposed Regulations”) concerning the deduction for qualified business income under Section 199A of the Internal Revenue Code (“IRC”), recently enacted as part ...
The Tax Cuts and Jobs Act of 2017 (“TCJA”), enacted Dec. 22, makes modifications to the deductibility of home mortgage interest for tax years from January 1, 2018 through December 31, 2025. Previously a taxpayer ...
A new Qualified Opportunity Zone (“QOZ”) program to encourage investment in low-income communities (“LICs”) is part of the massive tax law enacted in December 2017 that is often referred to as the Tax Cuts and ...
On February 9, Congress passed, and the President signed into law, H.R. 1892, the “Bipartisan Budget Act of 2018” or the “BBA” (the Budget Act, P.L. 115-123). The primary purpose was to provide a continuing ...
