For US alcohol exporters – whether crafting bourbon, brewing craft beer, or bottling fine wines – selling to international markets is a significant opportunity for growth. Two US federal income tax regimes, the...more
3/5/2025
/ Corporate Taxes ,
Export Controls ,
Exporters ,
Exports ,
Foreign Derived Intangible Income (FDII) ,
Internal Revenue Code (IRC) ,
International Trade ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Planning ,
Wine & Alcohol
Qualified Opportunity Funds (QOFs) offer generous tax incentives but are bound by a complicated set of rules, not to mention the complexity of Subchapter K of the Internal Revenue Code (IRC), as QOFs are typically organized...more
2/3/2025
/ Capital Gains ,
Debt ,
Internal Revenue Code (IRC) ,
Investment ,
Investment Funds ,
IRS ,
Partnerships ,
Qualified Opportunity Funds ,
Tax Credits ,
Tax Incentives ,
Tax Liability ,
Tax Planning
Discover the latest global developments and planning opportunities to stay ahead of the curve at McDermott’s Tax Symposium 2024. Join us in Chicago for a full day of programming designed to equip corporate tax leaders with...more
5/2/2024
/ Acquisitions ,
Best Practices ,
Continuing Legal Education ,
Controlled Foreign Corporations ,
Corporate Taxes ,
Corporate Transparency Act ,
Cross-Border ,
Digital Advertising Tax ,
Digital Goods ,
Energy Tax Incentives ,
Events ,
Family Offices ,
Federal Taxes ,
Foreign Assets ,
Foreign Derived Intangible Income (FDII) ,
Foreign Tax Credits ,
Income Taxes ,
Internet Tax Freedom Act ,
IRS ,
Mergers ,
Multinationals ,
OECD ,
Passive Foreign Investment Company ,
Pillar 2 ,
Reorganizations ,
Research and Development ,
Tax Credits ,
Tax Legislation ,
Tax Liability ,
Tax Litigation ,
Tax Planning ,
Tax Reform ,
Tax Returns ,
Virtual Currency
Moving to or purchasing real estate in the United States as a nonresident requires careful consideration of US federal income, estate and state and local tax laws. Inbound US federal tax planning involves analyzing these laws...more
As part of its ongoing response to COVID-19, the Internal Revenue Service (IRS) released Notice 2020-49, which extends certain time criteria related to the New Markets Tax Credit (NMTC) program. Under the notice, any due...more
The President signed into law the CARES Act to provide tax relief, cash flow, and liquidity to businesses along with benefits to individuals. Learn how these changes will impact your business...more
4/2/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Employee Retention ,
Financial Stimulus ,
Net Operating Losses ,
Pass-Through Entities ,
Payroll Taxes ,
Property Improvements ,
Relief Measures ,
Self-Employment Tax ,
Tax Credits