The Internal Revenue Service (IRS) has extended the filing date for 2019 tax returns from April 15 to July 15. Several states also have extended filing deadlines and payment due
Continue Reading GT ALERT – States Revise 2019 Tax Filing Deadlines
2019 Tax Act Effects on Tax-Exempt Organizations; Required Section 501(c)(4) Notices
The Tax Cuts and Jobs Act included a provision increasing taxes on tax-exempt organizations. New Internal Revenue Code Section 512(a)(7) required that tax-exempt organizations include in computing unrelated business taxable
Continue Reading 2019 Tax Act Effects on Tax-Exempt Organizations; Required Section 501(c)(4) Notices
In the Zone: GT Qualified Opportunity Zone News – December 2019
Welcome to In the Zone: GT Qualified Opportunity Zone News. Our monthly digest of the latest federal and state developments in Qualified Opportunity Zones and Qualified Opportunity Funds and related Greenberg Traurig news and events will keep stakeholders apprised of the most pressing issues in this burgeoning space.
Continue Reading In the Zone: GT Qualified Opportunity Zone News – December 2019
Greenberg Traurig’s Barbara Kaplan, Michelle Ferreira, and Jennifer Vincent Featured in Law360
Law360 recently published an article by Greenberg Traurig’s Barbara T. Kaplan, Michelle Ferreira, and Jennifer Vincent, titled “Prepare For Greater IRS Scrutiny On Conservation Easements.” While the Internal Revenue Service
Continue Reading Greenberg Traurig’s Barbara Kaplan, Michelle Ferreira, and Jennifer Vincent Featured in Law360
Applicable Federal Rates and Code Section 7520 Rate for October 2019 – Downward Trend Accelerates
The Internal Revenue Service (IRS) publishes monthly the applicable federal rates (AFRs) under Internal Revenue Code (Code) Section 1274(d) and the Code Section 7520
Continue Reading Applicable Federal Rates and Code Section 7520 Rate for October 2019 – Downward Trend Accelerates
Retailers Not Eligible for 100% Leasehold Improvement Write-Off Due to Legislative Glitch
The 2017 Tax Cuts and Jobs Act provided a 100% first year write-off for many types of capital expenditures. Congressional tax writers intended this benefit to be available for leasehold
Continue Reading Retailers Not Eligible for 100% Leasehold Improvement Write-Off Due to Legislative Glitch
Applicable Federal Rates and Code Section 7520 Rate for September 2019 – Downward Trend Continues
The Internal Revenue Service (IRS) publishes monthly the applicable federal rates (AFRs) under Internal Revenue Code (Code) Section 1274(d) and the Code Section 7520
Continue Reading Applicable Federal Rates and Code Section 7520 Rate for September 2019 – Downward Trend Continues
IRS Aims to Catch Up to Tech Advancements
Recently proposed IRS regulations would significantly affect tax on income from international cloud transactions and electronic transfers of digital content. Accordingly, CFOs should review the structure of agreements involving such
Continue Reading IRS Aims to Catch Up to Tech Advancements
In the Zone: GT Qualified Opportunity Zone News – July and August 2019
Welcome to In the Zone: GT Qualified Opportunity Zone News. Our monthly digest of the latest federal and state developments in Qualified Opportunity Zones and Qualified Opportunity Funds and
Continue Reading In the Zone: GT Qualified Opportunity Zone News – July and August 2019
IRS Clarifies U.S. Tax Treatment of Cross-Border Cloud and Other Online Transactions in Proposed Regulations
On Aug. 9, 2019, the IRS issued proposed regulations (Proposed Regulations) addressing the U.S. federal income tax treatment of cross-border cloud transactions. The Proposed Regulations will not become effective until
Continue Reading IRS Clarifies U.S. Tax Treatment of Cross-Border Cloud and Other Online Transactions in Proposed Regulations