On November 18, 2020, the Internal Revenue Service ("IRS") clarified its stance on the deductibility of expenses paid or incurred by businessowners who participated in the Paycheck Protection Program (“PPP”) by issuing...more
12/2/2020
/ Business Expenses ,
CARES Act ,
Coronavirus/COVID-19 ,
Corporate Counsel ,
IRS ,
Loan Forgiveness ,
New Guidance ,
Paycheck Protection Program (PPP) ,
Popular ,
Safe Harbors ,
Tax Deductions
The Internal Revenue Service (“IRS”) recently published issuances that address two critical matters currently affecting both U.S. and non-U.S. individuals due to “COVID-19 Emergency Travel Disruptions” (i.e., restriction of...more
On April 9, we published an article, Global Tax Implications of COVID-19 on Stranded Cross-Border Workers and Multinational Companies, that discussed the analysis released by the Organization for Economic Cooperation and...more
The long wait is over – the Internal Revenue Service (IRS) has finally issued proposed regulations (the Cloud Regulations) addressing the tax treatment of cloud transactions.
Until now, there was no guidance specifically...more
2/21/2020
/ Cloud Computing ,
Cloud Service Providers (CSPs) ,
Comment Period ,
Corporate Counsel ,
Digital Marketplace ,
Digital Service Providers ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Popular ,
Proposed Rules ,
Public Comment ,
Tax Liability ,
Treasury Regulations