Source Media

Unsubscribe

View in browser

Tax Practice

Upcoming Events

June 16, 2020

CARES Act offers overlooked opportunities for tax refunds, but first check cross-border prices

By Alex Martin 4 min read

Some multinational companies can generate additional carryback tax loss relief through transfer pricing planning.

How are companies navigating the return to work?

Work hasn’t stopped but it certainly has changed as companies navigate new business conditions resulting from the coronavirus pandemic. When you complete our confidential survey to help us understand if, how, and when businesses will resume normal activities and work routines, we will donate $10 to Direct Relief.

The tax rule that inspired billionaires and movie stars to back climate moonshots

By Ben Steverman 6 min read

A little-used part of the U.S. tax code allows foundations to use some of their endowments as “program-related investments.”

Reprieve offered on New Markets Tax Credit transactions delayed by coronavirus

By Michael Cohn 2 min read

The IRS and the Treasury gave tax relief to businesses and investors who were engaged in New Markets Tax Credit transactions but couldn’t get them done in time due to the COVID-19 pandemic.

IRS urged to pursue preparers with overdue returns, debts and penalties

By Michael Cohn 3 min read

The Internal Revenue Service should make more of a priority of going after tax preparers who haven’t filed their own tax returns or paid their tax liabilities and penalties, according to a new report.

For less than $400K you can now get Uruguay tax residency

By Ken Parks 2 min read

Uruguay will soon be even more welcoming to wealthy foreigners looking for a new home following a presidential decree that makes it cheaper to obtain tax residency in the South American country.

Mega-rich urged to unleash $121B for desperate charities

By Ben Steverman 6 min read

Nonprofits, lawmakers and others want to see more giving from fund donor-advised funds, which have grown popular recently because they’re so flexible.

SPONSOR CONTENT

Lease accounting

A panel of experts shares best practices and warnings when implementing the complex new standards on lease accounting.

Learn more!

IRS extends dates on balance due notices amid coronavirus

By Michael Cohn 3 min read

The Internal Revenue Service is extending the due dates on its balance due notices because it wasn’t able to mail out the preprinted letters to taxpayers due to office closures during the ongoing COVID-19 pandemic.

Tax Fraud Blotter: Bad Lux

By Jeff Stimpson 4 min read

Disunion; $13K in cigars; ‘til theft do us part; and other highlights of recent tax cases.

Fossil fuel’s answer to climate change just got less expensive thanks to IRS

By Will Wade and Brian Eckhouse 4 min read

The Internal Revenue Service recently issued crucial guidance to help developers take advantage of tax credits for the systems, and supporters say it could usher in a new era for the controversial technology.

In the blogs: Here comes the write-off

By Jeff Stimpson 3 min read

Superseding returns; tax law vs. facts; IRS reopening continues; and other highlights from our favorite tax bloggers.