INSIGHTS AND RESOURCES

IRS extends Hurricane Ida Relief to New York and New Jersey victims

IRS extends Hurricane Ida Relief to New York and New Jersey victims

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Hurricane Ida in New York and New Jersey.
IRS adds certain self-dealing transactions to no-rule list

IRS adds certain self-dealing transactions to no-rule list

The IRS will not issue PLRs on transactions involving a PF’s interest in an LLC that owns a disqualified person’s promissory note.
Driving security transformation through automation, AI and analytics

Driving security transformation through automation, AI and analytics

Security transformation should be a top priority. Modern security operations use AI-driven automation to reduce manual processes.
IRS – Wages for R&D do not include wages for Employee Retention Credit

IRS – Wages for R&D do not include wages for Employee Retention Credit

The IRS revises Form 6765 so in 2021 taxpayers cannot use the same wages to calculate both the R&D credit and the employee retention credit.
Democrats release draft bill to overhaul U.S. international tax rules

Democrats release draft bill to overhaul U.S. international tax rules

Senate Finance Chairman Wyden unveils draft international tax reform bill that would overhaul GILTI, FDII and BEAT rules.
Joint venture consolidations in commercial real estate

Joint venture consolidations in commercial real estate

It’s critical that joint venture partners evaluate drivers of economic and financial performance at each project stage.
IRS extends Oct. 15 deadline for victims of Hurricane Ida

IRS extends Oct. 15 deadline for victims of Hurricane Ida

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Hurricane Ida. IRS provides additional relief.
Deductibility of fruitless IPO or SPAC preparation costs

Deductibility of fruitless IPO or SPAC preparation costs

Companies abandoning plans for IPO or SPAC transactions should consider the deductibility of transaction costs and termination fees.
Illinois adopts SALT deduction workaround for pass-through entities

Illinois adopts SALT deduction workaround for pass-through entities

Illinois becomes the latest state to adopt a pass-through entity tax as a workaround to the federal SALT deduction limit.
Maximizing tax depreciation deductions for landfill costs

Maximizing tax depreciation deductions for landfill costs

Landfill owners incur numerous costs for the acquisition of land, related preparation, and regulatory approval to fill on that land.
Appeals court ruling is win for wine exporters

Appeals court ruling is win for wine exporters

Appeals court affirmed U.S. Court of International Trade decision allowing substitution drawback of certain excise taxes and customs duties.
New York issues pass-through tax guidance ahead of filing deadline

New York issues pass-through tax guidance ahead of filing deadline

New guidance and dedicated website provide instruction to taxpayers electing into the pass-through entity tax workaround.
Access management: Adapting for a vanishing enterprise perimeter

Access management: Adapting for a vanishing enterprise perimeter

Access management is evolving as companies move to the cloud. Adaptive access is critical in the changing business landscape.
Security Summit warns of identity theft and unemployment fraud

Security Summit warns of identity theft and unemployment fraud

The Internal Revenue Service Security Summit discusses the common warning signs of identity theft and unemployment benefits theft.
The state tax implications of telehealth

The state tax implications of telehealth

State and local tax implications of the explosive growth in telehealth arising from the global COVID-19 pandemic.