On Nov. 9, the IRS may have endorsed a workaround to the $10,000 cap on state and local taxes when it comes to state and local taxes paid by passthrough
Continue Reading IRS Endorses State and Local Tax Deduction Cap Workaround
On Oct. 22, 2020, the IRS announced it is offering a second time-limited settlement initiative to certain taxpayers who participated in abusive micro-captive insurance transactions and who currently are under
Continue Reading Second Round of Micro-Captive Insurance Settlements Provides Stricter Terms
Taxpayers are generally limited in their options for contesting state and local tax matters. The statutes imposing income, corporate, sales and property taxes prescribe the steps to be taken and
Greenberg Traurig Global Tax Practice Shareholder G. Michelle Ferreira, who is also co-managing shareholder of the firm’s San Francisco and Silicon Valley offices, is quoted in a Law360 article
Continue Reading Michelle Ferreira Quoted in Law360 article, ‘Careful Evaluation Needed Before Acceptance Of Easement Deals’
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