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The IRS has just addressed tax capital reporting for 2020 through the issuance of Notice 2020-43 to seek public comment on a proposed requirement for partnerships to use only one of two alternative methods to satisfy the tax capital reporting requirement -- the “Modified Outside Basis Method” or the “Modified Previously Taxed Capital Method.

IRS issued Notice 2020-50 extends relief to retirement plan participants whose spouses are laid off and who take COVID-19 related distributions or loans from their retirement accounts and provides new safe harbors for loan repayments.

Part three of a multi-part series on Major League Baseball and some of the issues it’s facing in the time of COVID-19, especially in light of its relationship with its fans.

EisnerAmper and Preqin are providing market intelligence on trends in the real estate private equity sector, given the impact of COVID-19 on the private real estate markets.

Most business have felt the impact of COVID-19 to some extent; the industry that was hit the hardest is leisure and hospitality. Many have been looking for stimulus, hoping for measures that will help incentivize those willing to travel – such as a new tax credit.

Part of a series examining the ongoing negotiations between the owners and players of Major League Baseball, who are currently trying to figure out to divvy up the finances for an abbreviated (hopefully) upcoming season. While COVID-19 is, tragically, a whole new ballgame, the conversation around who gets what has been going on since the advent of the sport.

This blog features analysis of how the transition to a remote workforce, due to COVID-19 restrictions, has increased the susceptibility of escrow accounts to fraudulent activity.

This article examines how, as the “new normal” takes shape, esports viewership and related audience involvement – including from online gambling organizations -- continue to grow.

Robert Katz gave the ABL Advisor an update on the Paycheck Protection Program (“PPP”), including the benefits and potential risks for borrowers; how smaller, regional banks have leveraged opportunities; and more.

This article takes a look at the ongoing negotiations between the owners and players of Major League Baseball, who are currently trying to figure out to divvy up the finances for an abbreviated (hopefully) upcoming season. While COVID-19 is, tragically, a whole new ballgame, the conversation around who gets what has been going on since the advent of the sport.

As the auditor for Major League Soccer, EisnerAmper observed the recent drawing for the team brackets for the upcoming “MLS Is Back” 26-team tournament scheduled for July 8 to August 11 in Orlando, Florida.

The question of how to account for PPP loans has been addressed by the AICPA, who has provided non-authoritative guidance on how a nongovernmental entity should account for a forgivable loan received under the PPP.

A virtual multifamily roundtable for garden apartment and multifamily property owners, operators and investors based in NJ and NY covered a wide array of topics such as collections, occupancy, safety, acquisitions and more.

The COVID-19 pandemic has resulted in, among other items, a number of filing and other tax due dates being extended to take into account the personal and business dislocations caused. The rules governing qualified opportunity funds (“QOFs”), a major product of the Tax Cuts and Jobs Act of 2017, are no exception.

Part three of a multi-part series demonstrating the economic impact the COVID-19 pandemic has had on the U.S. economy.

The Paycheck Protection Program Flexibility Act of 2020 (“PPPFA”) will provide additional flexibility to many borrowers attempting to maximize the benefits provided by the PPP, established as part of the CARES Act

The IRS recently provided retirement plan participants, beneficiaries, and plan administrators with temporary relief from the requirement to be physically present for any participant election that is to be witnessed.

Ireland, as a jurisdiction for alternative investment funds, offers an excellent entry point to Europe and access to over 500 million consumers. This content takes a look at some of the reasons the nation is now the largest hedge fund administration center in the world, with over 40% of global hedge funds being serviced there.

Due to the recent economic downturn related to the COVID-19 pandemic, many stock prices have been negatively impacted which may cause certain share-based arrangements to be underwater, wiping away any or much of their value for service and market-based awards. In addition, performance targets relating to revenues, net income and EBITDA established at the beginning of the year may not achievable at year-end. This article examines options for companies who may be facing this dilemma.

Financial institution regulators have released guidance for financial institutions and their customers in response to the COVID-19 encouraging financial institutions to work prudently with borrowers and to describe the agencies’ interpretation of how current accounting rules under U.S. GAAP apply to certain COVID-19-related loan modifications.