With bankruptcies poised to hit a decade-long high as a result of the economic impact of COVID-19, we offer these materials that detail key bankruptcy tax issues.
President-elect Joe Biden has released a detailed tax plan that, if implemented, would significantly increase taxes on businesses and higher income households. This article summarizes the plan.
New guidance confirms that expenses related to a Paycheck Protection Program loan are not deductible if the taxpayer “reasonably expects” the loan to be forgiven.
A look at the OECD’s recent report on virtual currency taxation.
The regulations detail how tax-exempt organizations should calculate unrelated business taxable income.