Tax & Accounting Blog
Tax & Accounting Blog
President Donald Trump has signed into law the bipartisan Paycheck Protection Program Flexibility Act (PPPFA) of 2020 (HR 7010). The legislation aims to expand usability…
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IRC §267A disallows deductions for interest and royalties’ payments made to reverse hybrids if: no tax is paid in any country for the payment; andparties…
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Most states recognize the federal deferral of gain on qualified opportunity zone investments. A few states limit tax deferral on the gain to in-state qualified…
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Individuals can take advantage of extended deadlines to enroll in health insurance plans or elect and pay for COBRA insurance continuation coverage. These extensions are…
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Taxpayers may now use a five-year carryback for net operating losses (NOLs) arising in tax years beginning in 2018, 2019, and 2020, compliments of the…
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States are starting to issue income tax guidance on the impact of employee telecommuting during the COVID-19 emergency. This includes guidance on the impact to…
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One of the more beneficial features of the Coronavirus Aid, Relief, and Economic Security (CARES) Act for retirees is the waiver of required minimum distributions…
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Over the past few years, many tax incentives and credits have been created to encourage the use of environmentally friendly resources. In fact, three states…
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Final regulations on IRC §267A disallow the deduction of hybrid payments when a related party uses a participation redemption or dividends received deduction (DRD). Generally,…
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Payments that businesses make to independent contractors and self-employed workers are not payroll expenses that qualify for Paycheck Protection Program (PPP) loans. However, independent contractors…
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