The CAA, enacted December 27, 2020, provides tax benefits to businesses and individuals. This article summarizes significant provisions of the CAA.
The CAA overrules the IRS’s previous guidance denying the deductibility of expenses relating to forgiven PPP loans.
Several IRS officials signal a willingness to relax the debt exchange representations required for spinoff private letter rulings.
In case you missed it, here is our write-up on the final carried interest regs, which were released on January 7.
In case you missed it, here is our write-up on the IRS's extension of coronavirus-related relief for certain investment vehicles.
A surprise reduction in the scope of DAC 6 in the United Kingdom.