This slide deck summarizes the CARES Act’s key tax relief provisions.
The European Commission has proposed to defer DAC 6 reporting deadlines.
Paycheck Protection Program borrowers cannot deduct expenses incurred with borrowed funds.
IRS guidance makes it easier for public mutual funds and public REITs to satisfy their distribution requirements.
Proposed regulations detail how tax-exempt organizations should calculate UBTI.
The IRS issued final debt-equity regulations.
Tax practitioners consider the circumstances under which lending to distressed debtors is not a U.S. trade or business.