Insights on Tax
195 total results. Page 6 of 8.
On April 23, 2020, the Massachusetts Legislature passed an act providing for remote notarization to address challenges related to the 2019 novel coronavirus (COVID-19). The act has been sent to Governor Baker for his review and signing.
Earlier today, the U.S. Senate passed a bill appropriating additional funding to the Paycheck Protection Program, which ran out of funds in the middle of last week. The House is expected to pass the measure on Thursday, after which President Trump is expected to sign it into law.
The IRS has granted a six-month extension to file applications for a tentative carryback adjustment under the “quickie” refund procedure for net operating losses that arose in tax years that began in calendar year 2018 and that ended on or before June 30, 2019. As a result, affected taxpayers have u
On April 10, the Internal Revenue Service published responses to frequently asked questions with respect to the payroll tax deferral provisions of the CARES Act.
The notice also suspends associated interest, additions to tax, and penalties for late filing or late payment until July 15, 2020.
As our country grapples with the health, economic, and social impacts of COVID-19, the US Congress has weaponized the US tax law to provide economic stimulus and soften the financial blow dealt by COVID-19 through two key pieces of legislation.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, estimated to cost more than $2 trillion dollars, contains multiple tax-related provisions intended to offer relief to both businesses and individuals. Here we outline key provisions of which businesses and individuals should be aware.
Earlier this week, the IRS released updates on the status of its operations as the COVID-19 outbreak continues and also on the IRS’s new People First Initiative. In addition, Illinois extended its tax filing and payment deadline (but not the deadline to make estimated tax payments) to match the IRS July 15 deadline.
In a tweet this morning, U.S. Treasury Secretary Steven Mnuchin announced that the IRS is extending the tax filing deadline from April 15 to July 15.
Late on Friday, the IRS formalized U.S. Treasury Secretary Steven Mnuchin’s announcement earlier in the day regarding the extension of the tax filing deadline to July 15 by issuing Notice 2020-18, which contains several important clarifications.
The Treasury Department extends the US federal tax filing deadline from April 15 to July 15
On March 19, 2020, as part of the State of Illinois’ efforts to combat disruptions caused by the coronavirus pandemic, the Illinois Department of Revenue announced that it is waiving for two months all penalties and interest that would be imposed on late payments by registered Illinois retailers operating small eating and drinking establishments for sales tax liabilities that are due for the February, March, and April 2020 reporting periods.
Treasury Department extends tax payment deadline by 90 days for most individual taxpayers and many businesses
The IRS released Notice 2020-17 on March 18, 2020, formalizing the relief announced the previous day by U.S. Treasury Secretary Steven Mnuchin, which extended the time to pay certain taxes by 90 days.
U.S. Treasury Secretary Steven Mnuchin announced today that individual taxpayers can defer federal tax payments of up to $1 million for 90 days.
Schiff Hardin is pleased to announce that Partners Joanne Faycurry and Suzanne Wahl have been included in the 2020 Michigan Women’s Edition Super Lawyers and Rising Stars lists for the sixth consecutive year.
Arent Fox Tax Partner Jeffrey Tate spoke at the 2020 Midyear Tax Meeting hosted by the American Bar Association on January 30 – February 1, 2020 in Boca Raton, FL.
The Setting Every Community Up for Retirement Enhancement Act (the SECURE Act) was passed on December 20, 2019, with most of its provisions taking effect as of January 1, 2020.
Schiff Hardin LLP is pleased to announce that Partner Olga Bogush has been appointed to Practice Group Leadership in Tax & Wealth Services by TerraLex, a global network of law firms and attorneys.
Twenty-five Arent Fox LLP practices have been recognized in the 2020 “Best Law Firms” rankings that are published annually by US News & World Report and Best Lawyers.
Schiff Hardin LLP announced today that the firm has received 45 top-tier rankings and national recognition for its premier practices in the 2020 edition of U.S. News – Best Lawyers® “Best Law Firms.”
On September 24, the IRS issued Revenue Procedure 2019-38, clarifying rental real estate owners’ eligibility for the highly anticipated tax break under section 199A of the Internal Revenue Code.
Partners Joanne Faycurry and Suzanne Wahl have been included in the 2019 Michigan Women’s Edition Super Lawyers and Rising Stars lists for the fifth consecutive year.
Schiff Hardin LLP advised Wintrust Financial Corporation (Nasdaq: WTFC) on the recent completion of three bank and financial institution acquisitions.