Tax Law News and Insights

With the presidential election only weeks away, many people are beginning to pay closer attention to each candidate's positions on such issues as the COVID-19 pandemic, health care, the environment and taxes. Among their many differences, President Donald Trump and former Vice President Joe Biden have widely divergent tax proposals....

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Taxpayers with cost sharing arrangements ("CSAs") can again expect close audit scrutiny-and potential adjustments-related to their treatment of stock-based compensation ("SBC") costs. On June 22, the Supreme Court denied certiorari in Altera, letting stand the decision of the U.S. Court of Appeals for the Ninth Circuit upholding the validity of the...

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On September 1, 2020, the Treasury Department and the Internal Revenue Service (IRS) issued final regulations in T.D. 9910 (the "Regulations") permitting taxpayers to waive deductions to reduce or eliminate liability for the base erosion and anti-abuse tax (generally referred to as the "BEAT"). The BEAT was introduced as part...

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