June 19, 2019

IRS and Treasury have released final and proposed regulations regarding the new global intangible low-taxed income (GILTI) regime. Both sets of regulations provide guidance on determining the amount of GILTI included in the ...

September 13, 2019

Proposed regulations implementing Sec. 451(b) require taxpayers on the accrual method of accounting to recognize income for tax purposes no later than for book purposes. The intended effect of the proposed rule is ...

March 02, 2020

Proposed regulations explain how to determine whether an activity will be disallowed as an entertainment expense. The proposed rules also address the limitation on the deduction for food and beverages provided at or ...

May 04, 2020

Treasury and IRS have released long-awaited proposed regulations to assist tax-exempt organizations in tracking and reporting streams of income earned from activities that are unrelated to their tax-exempt purpose. The proposed regulations establish ...

August 14, 2020

On July 31, 2020, Treasury and IRS released proposed regulations regarding Sec. 1061’s carried interest rule, which was enacted as part of the Tax Cuts and Jobs Act (TCJA). Targeting incentive allocations made to ...