May 21, 2020

This slide deck summarizes the CARES Act’s key tax relief provisions.

The European Commission has proposed to defer DAC 6 reporting deadlines.

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Paycheck Protection Program borrowers cannot deduct expenses incurred with borrowed funds.

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IRS guidance makes it easier for public mutual funds and public REITs to satisfy their distribution requirements.

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Proposed regulations detail how tax-exempt organizations should calculate UBTI.

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The IRS issued final debt-equity regulations.

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Tax practitioners consider the circumstances under which lending to distressed debtors is not a U.S. trade or business.

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Key Contacts

 
 
 
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