On April 17, 2025, the IRS issued Notice 2025-23, which announced its intent to publish a notice of proposed rulemaking to remove Treasury Regulations Section 1.6011-18 that identifies certain partnership basis adjustment...more
5/21/2025
/ Final Rules ,
Internal Revenue Code (IRC) ,
IRS ,
NPRM ,
Partnerships ,
Proposed Rules ,
Regulatory Agenda ,
Reporting Requirements ,
Tax Basis ,
Tax Planning ,
Taxation ,
U.S. Treasury
On January 10, 2025, the United States Internal Revenue Service (the "IRS") released final regulations (the "Final Regulations") under section 6011 of the Internal Revenue Code of 1986, as amended (the "Code"), that identify...more
On November 29, 2024, the United States Internal Revenue Service (the “IRS”) released final regulations (Final Regulations) relating to the allocation of recourse partnership liabilities under section 752 of the Internal...more
Join Williams Mullen for our hybrid 2025 Winter Tax Forum on Thursday, February 6th. Our speakers, Anna Derewenda, Kyle Wingfield, Kevin Bender, and Patrick Carr will provide an update on the following:
- New Basis...more
1/23/2025
/ Audits ,
Business Taxes ,
Continuing Legal Education ,
Debt Collection ,
Events ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
New Regulations ,
New Rules ,
Partnerships ,
Rollover Equity ,
S-Corporation ,
Tax Basis ,
Tax Liability ,
Tax Planning
On June 20, the U.S. Supreme Court released its opinion in the closely watched case of Moore v. United States. In a 7-2 decision, the court upheld the constitutionality of the mandatory repatriation tax (MRT), also referred...more
6/27/2024
/ Capital Gains ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Moore v US ,
Partnerships ,
Repatriation ,
S-Corporation ,
SCOTUS ,
Shareholders ,
Tax Cuts and Jobs Act ,
Unconstitutional Condition ,
Wealth Tax
We hope you can join us for our Winter Tax Forum on Thursday, January 19, 2023.
Employee benefits and executive compensation partner Nona Massengill will provide an overview of the tax issues that impact equity...more
12/29/2022
/ Acquisitions ,
Continuing Legal Education ,
Equity Compensation ,
Executive Compensation ,
Federal Taxes ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Section 409A ,
Tax Liability ,
Tax Planning ,
Webinars
...join us for Ideas for Businesses to Navigate Economic Uncertainty, a webinar comprised of brief - only 15 minutes each! - presentations tailored to meet the needs of senior executives and leaders of in-house legal...more
10/11/2022
/ Business Litigation ,
Capital Raising ,
Economic Downturn ,
Employee Incentive Plans ,
Employee Retention ,
Equity ,
Financial Distress ,
Hiring & Firing ,
Hiring Freeze ,
Human Resources Professionals ,
Intellectual Property Protection ,
Investors ,
Involuntary Reduction in Force ,
Layoffs ,
Risk Mitigation ,
Tax Planning ,
Third-Party Risk ,
Trademark Application ,
Trademarks ,
Union Organizers ,
Unions ,
Webinars
On Tuesday August 16, President Biden signed the Inflation Reduction Act of 2022 into law (the “Act”). The enacted legislation contains several revenue-raising tax provisions detailed below. ...more
We are kicking off 2022 with the latest tax considerations for M&A transactions. Practice chair Larry Parker and tax partner Anna Derewenda will outline key incentives and tax trends for you to contemplate for your next deal....more
Please join us for the Winter Tax Forum virtually on Wednesday, January 26. Register here to join Farhad Aghdami and Anna Derewenda as they deliver recent tax and wealth planning updates. The two will specifically touch...more
Please join us for the Winter Tax Forum to be held virtually on Wednesday, January 27, 2021.
...join Anna Derewenda, Jenny Connors, Farhad Aghdami, and Kyle Wingfield for our virtual tax forum where they will cover recent...more
COVID-19 has not only had serious implications on our daily lives, but it has also significantly impacted businesses and individuals from a tax planning perspective. As the pandemic continues to evolve, it is important to...more
7/29/2020
/ Coronavirus/COVID-19 ,
Estate Planning ,
Interest Rates ,
Loss Mitigation ,
Retirement Plan ,
Tax Legislation ,
Tax Planning ,
Tax Refunds ,
Transfer of Assets ,
Transfers of Value ,
Wealth Management ,
Webinars
In Notice 2020-32, released April 30, the IRS determined that expenses paid using the proceeds of Paycheck Protection Program (PPP) loans (Covered Loans) are not deductible expenses for income tax purposes if those loans...more
On April 9, 2020, the Department of the Treasury (Treasury Department) and the Internal Revenue Services (IRS) issued Notice 2020-23, announcing that certain additional tax return filing and payment deadlines have been pushed...more
4/15/2020
/ Coronavirus/COVID-19 ,
Corporate Taxes ,
Federal Taxes ,
Filing Deadlines ,
Income Taxes ,
IRS ,
Popular ,
Relief Measures ,
Tax Extensions ,
Tax Returns ,
Time Extensions ,
U.S. Treasury
In a flurry of guidance, the Internal Revenue Service (IRS) has issued Revenue Procedure 2020-22, Revenue Procedure 2020-24, and Notice 2020-26 providing guidance to taxpayers wanting to elect out of new net operating loss...more
On April 8, 2020, the Internal Revenue Service (IRS) released Revenue Procedure 2020-23 (the Revenue Procedure) allowing eligible partnerships subject to the centralized partnership audit regime (CPAR) to amend 2018 and 2019...more
The Senate has negotiated and passed a third COVID-19 relief bill titled the “Coronavirus Aid, Relief, and Economic Security Act” (CARES Act). The bill will now head to the House for approval, and the President has agreed to...more
The Senate has passed a third COVID-19 relief bill. The House is expected to pass the act on Friday, March 27, and the President has announced that he will sign it once passed by the House....more
Seminar Topics Include:
• Recession Planning Considerations
• Opportunity Zone Update
• State and Federal Administrative Updates
• Estate Planning Update...more
Please join us for the Spring Tax Forum to be held at the Williams Mullen Center on Thursday, May 17, 2018.
We will provide an overview of the impact of The Tax Cuts and Jobs Act and share our best practices on tax...more
Perhaps some of the most extensive changes in H.R. 1, known as the Tax Cuts and Jobs Act (the “Act”), deal with the taxation of multinational companies. The taxation of foreign earnings has long been a point of contention...more
1/9/2018
/ C-Corporation ,
Controlled Foreign Corporations ,
Corporate Counsel ,
Corporate Taxes ,
Dividends ,
Foreign Tax Credits ,
Internal Revenue Code (IRC) ,
Multinationals ,
Repatriation ,
S-Corporation ,
Tax Cuts and Jobs Act
On September 27, 2017, the Trump Administration, the House Committee on Ways and Means, and the Senate Committee on Finance released a unified framework (the Framework) with the stated goal of achieving pro-American,...more
FDI USA News highlights the FAQs arising from your projects—from how to finance a deal to selecting the right visa or tax strategy and more. We want to keep FDI News interactive and relevant to your international business. ...more
On July 31, 2015, President Obama signed P.L. 114-41, the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (“Highway Act”), into law. Although the Highway Act is primarily for the purpose of...more
8/12/2015
/ Affordable Care Act ,
Barack Obama ,
Education Tax Credits ,
FBAR ,
Filing Requirements ,
Highway Act ,
Highway Trust Fund ,
Internal Revenue Code (IRC) ,
Mortgage Interest ,
Surface Transportation ,
Tax Basis ,
Tax Penalties ,
Trade Preferences Extension Act (TPEA) ,
TRICARE ,
Veterans
On December 16, 2014, the Senate voted 76-16 to pass H.R. 5771, the Tax Increase Prevention Act of 2014 (“TIPA”), which was passed by the House by a vote of 378-46 on December 3, 2014. TIPA would extend over fifty (50)...more