Coronavirus Tax Insights

Coverage of Revenue Procedure 2021-20 and its safe harbor for taxpayers that received a loan pursuant to the PPP and did not deduct certain otherwise deductible expenses paid or incurred.

This post focuses on six key considerations for multinational enterprises preparing transfer pricing documentation for the 2020 tax year (FY2020) to document and memorialize any changes to their transfer pricing arrangements or profitability related …

IRS Notice 2021-25 provides guidance on the temporary 100% deductibility for food or beverages provided by a “restaurant” -- temporary in that it only applies to expenses that are paid or incurred after December 31, 2020 and before January 1, 2023.

When a business is required to suspend operations by a governmental order, the taxpayer clearly qualifies for the ERC -- but what about those businesses that are allowed to operate during a governmental shut-down due to being deemed essential?

A look at the latest guidance from the IRS relative to the Employee Retention Credit (ERC).

The IRS announced that it is extending the federal income tax filing date for individuals for the 2020 tax year to Monday, May 17, 2021.

President Biden signed into law the American Rescue Plan Act of 2021, a legislative package intended to address the impact of the coronavirus pandemic over the past year. This article covers specific tax provisions of the Act.

A quick overview of the American Rescue Plan Act of 2021 (“ARPA”), a massive legislative package intended to further address the impact of the coronavirus pandemic over the past year.

On March 3, 2021, the SBA issued an interim final rule that may lead to larger PPP loans for many sole proprietors, self-employed individuals and independent contractors, particularly those with little or negative net profit.