Insights

Featured Insights

No results found.

All Insights

IRS increases focus on athletes and entertainers

IRS increases focus on athletes and entertainers

Learn why the IRS is increasing its scrutiny on high net worth athletes and entertainers, and what can be done before an audit.
Changing landscape of pandemic relief for health care providers

Changing landscape of pandemic relief for health care providers

If health care providers can’t support the receipt of pandemic relief funds, there will be significant questions about their sustainability.
Tax Policy Now: Year-end tax planning and Paycheck Protection Program

Tax Policy Now: Year-end tax planning and Paycheck Protection Program

PPP borrowers cannot deduct business expenses funded by a forgiven loan, but additional legislative action could permit such deductions.
PPP borrowers may need to extend returns and forgiveness applications

PPP borrowers may need to extend returns and forgiveness applications

PPP borrowers, especially fiscal year taxpayers, should consider extending tax returns and delay loan forgiveness filing (unless necessary).
The 2020 checklist

The 2020 checklist

Real estate investors are ready to close the books on 2020. Here are 10 smart moves for real estate investors to consider at year's end.
COVID-19: Clarification on interagency statement on loan modifications

COVID-19: Clarification on interagency statement on loan modifications

Clarifications have been provided on the interagency statement on loan modifications for customers affected by COVID-19.
Sales and use tax process reviews: Now is the time

Sales and use tax process reviews: Now is the time

The COVID-19 pandemic has increased the risk of noncompliance in an evolving sales and use tax compliance landscape.
New edition: Accounting for debt modifications and restructurings

New edition: Accounting for debt modifications and restructurings

We have published a new edition of our guide regarding the accounting for debt modifications, restructurings and exchanges.
Employment tax obligations are non-delegable as a matter of law

Employment tax obligations are non-delegable as a matter of law

Court of Federal Claims holds delegating the filing, depositing and paying of employment taxes is not reasonable cause excusing penalties.
SEC amends certain financial disclosure requirements

SEC amends certain financial disclosure requirements

A recent SEC rule amends requirements related to MD&A, selected financial data and supplementary financial information.
IRS releases final regulations on like-kind exchanges

IRS releases final regulations on like-kind exchanges

The final regulations broaden the definition of real property compared to the more restrictive definition in the proposed regulations.
Policy snapshot: Life sciences

Policy snapshot: Life sciences

Biden plans to expand Medicare, a move that the Congressional Budget Office estimates would cut drug spending by $450 billion over 10 years.
Policy snapshot: Consumer products

Policy snapshot: Consumer products

The immediate actions of the Biden administration will most likely be focused on efforts to combat the COVID-19 pandemic.
IRS proposed exclusions from centralized partnership audit regime

IRS proposed exclusions from centralized partnership audit regime

IRS addresses QSubs and period of limitations in a new set of proposed rules to the centralized partnership audit regime.
Policy snapshot: Family offices

Policy snapshot: Family offices

Now that Democrats’ best-case scenario in the Senate is a 50-50 split, it is safe to expect significant challenges to tax policy changes.