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Corporate Tax Proposals in House Ways and Means Committee Summary
Introduction; Summary of Proposed Tax Reforms. On September 13, 2021, the Ways and Means Committee of the United States House…
Read MoreFinCEN Compliance with Corporate Transparency Act of 2020
Introduction. On January 1, 2021, the Corporate Transparency Act of 2020 (“CTA”) was enacted into law as part of H.R. 6395,…
Read MoreUpdate – Suspension of IRS Form 990 Schedule B Disclosure Rules by NYS AG following Americans for Prosperity v. Bonta
On July 29, 2021, the Office of the New York State (NYS) Attorney General (AG), Charities Bureau announced suspension of…
Read MoreU.S.-Swiss Tax Treaty Benefits for Dividend Payments to IRAs Under the 2021 CAA
Introduction. On June 7, 2021, the IRS published in Announcement 2021-11, 2021-23 I.R.B. 1196 the new Competent Authority Arrangement (“CAA”)…
Read MoreSchedule B Contributor Disclosure by Charities After Americans for Prosperity Foundation v. Bonta
Introduction. After more than a decade of litigation, the California Attorney General’s (“AG’s”) IRS Form 990, Schedule B disclosure requirement…
Read MoreCOBRA Premium Assistance Requirements for Exempt Employers
On April 7, 2021, the United States Department of Labor (“DOL”) issued guidance interpreting the premium assistance requirements for employers…
Read MoreIRS Confirms Temporary Full Deduction for Employee Virtual Business Meals
On April 8, 2021, the IRS issued Notice 2021-25 (the “Notice”) confirming availability of a temporary 100-percent deduction under section…
Read MoreCompliance Items for Foreign Investors Under the Corporate Transparency Act of 2020
Introduction. On January 1, 2021, the United States Senate passed H.R. 6395, the National Defense Authorization Act, 2021 (“NDAA”) over the…
Read MoreFull Deductibility of Business Meals for Employee Virtual Events Under H.R. 133
On December 21, 2020, Congress released the text of, and subsequently voted to approve the Consolidated Appropriations Act, 2021 (the…
Read MorePayroll Tax Deferral Under Notice 2020-65, FFCRA and CARES Act
Introduction On August 8, 2020, the President of the United States issued an executive order, 85 Fed. Reg. 49,857 (Aug.…
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