Corporate Taxes, Pass-Through Entities, U.S. Treasury

Client Alert: The Senate’s Other Big Beautiful Bill – Notable Changes to the House Version

Whiteford on 6/30/2025

The House of Representatives previously passed H.R. 1-119th Congress (2025-2026), titled the “One, Big, Beautiful Bill Act” (the “Act”), a budget bill that, among other things, addresses sunsetting provisions of the Tax Cuts...more

IRS Targeting Partnership Basis-Shifting Transaction Schemes

DarrowEverett LLP on 7/9/2024

The Internal Revenue Service (“IRS,” or the “Service”) issued guidance on June 17, proposing new regulations and releasing a revenue ruling to challenge the use of basis-shifting transactions by complex partnerships. In...more

IRS Provides Certainty Regarding Deductibility of Connecticut Pass-Through Entity Tax Payments

Harris Beach Murtha PLLC on 11/20/2020

One of the most controversial individual income tax changes enacted under the Tax Cuts and Jobs Act (“TCJA”) is the $10,000 cap on the deduction for state and local income and property taxes (“SALT”) for federal income tax...more

“Passthrough Deduction” Regulations for RICs Finalized with No Major Changes

Proskauer - Tax Talks on 6/30/2020

On June 24, 2020, the Internal Revenue Service (the “IRS”) and the U.S. Department of Treasury (“Treasury”) issued final regulations (the “Final Regulations”) on the application of the “passthrough deduction” under Section...more

Comments on Proposed 199A Regs Regarding Qualified REIT Dividends Due Soon

Buchalter on 4/5/2019

Comments are due on April 9, 2019 with respect to the recent proposed regulations regarding eligibility of qualified REIT dividends for the qualified business income deduction under Code Section 199A. On January 18, 2019...more

Proposed Treasury Regulations Provide Details on Tax Reform's Passthrough Deduction

Jones Day on 8/27/2018

Important guidance on the deduction applicable to certain business income of passthrough entities available under last year's tax reform. The U.S. Department of Treasury and Internal Revenue Service released proposed...more

Tax Reform Proposed Regulations - Tax Savings for Iowa Businesses?

Dentons on 8/16/2018

This update is the first in a series of posts analyzing the proposed treasury regulations associated with new Internal Revenue Code § 199A as it applies to Iowans. New tax deductions for pass-through entities - The Tax...more

Congress Releases Revised Conference Bill on Tax Reform - A Look at How It Compares with Earlier House and Senate Bills

Holland & Knight LLP on 12/20/2017

Congress released the "Tax Cuts and Jobs Act" on late Friday evening, Dec. 15, 2017. This version of the bill is the result of a conference committee process to marry the different bills previously passed by the U.S. House of...more

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