The IRS has announced that lenders should not file tax information returns to report forgiveness of debt on Paycheck Protection Program (PPP) loans. Lenders should take special care with respect
Continue Reading Lenders Should Not Report PPP Loan Forgiveness to IRS or to Borrowers
On Budget Day, 15 September 2020, the Dutch Ministry of Finance presented its 2021 tax plan. For the proposed bills to have effect, they first must be approved by Parliament.
The Tax Cuts and Jobs Act of 2017 created an important economic development tool, qualified opportunity zones (QOZs), to incentivize private investment in businesses, projects and commercial property in economically
Continue Reading Webinar: Introduction to Qualified Opportunity Zones for Investors and the Benefits of Investing in Minnesota
More than 20 attorneys from the Tax Practice and Private Wealth Services Practice of global law firm Greenberg Traurig, LLP were included in the 2021 edition of Best Lawyers in
Continue Reading Greenberg Traurig Tax & Private Wealth Services Attorneys Listed in the Best Lawyers 2021
On June 26, 2020, an administrative law judge in the New York City Tax Appeals Tribunal In the Matter of Mars Holdings, Inc. [TAT(H) 16-14 (GC)] held that the city
Continue Reading NYC Imposes Tax on Gain from Sale of an Intangible
On August 10, 2020, the San Francisco Superior Court granted the State of California a preliminary injunction requiring Uber and Lyft to reclassify their drivers as employees. People of the
In July 2019 the IRS identified post offshore voluntary disclosure program (OVDP) compliance as a campaign. The purpose of the campaign is to pursue those OVDP participants who fail to
Continue Reading Your Offshore Voluntary Disclosure May Be Long Over but the IRS May Be Looking at Your Ongoing Tax Compliance
The U.S. Supreme Court has taken up the case of whether the Patient Protection and Affordable Care Act (ACA)’s individual mandate is unconstitutional. A decision on this issue is likely
Continue Reading Protecting Your Potential Tax Refund Should the Affordable Care Act’s Individual Mandate Be Determined Unconstitutional
On July 17, 2020, the Board of Governors of the Federal Reserve System (Federal Reserve) announced the terms of an expansion of the Main Street Lending Program to include loan
Continue Reading Main Street Loans to Be Extended to Nonprofits