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Are Energy Companies Eligible for the Employee Retention Credit?

President Trump signed The Consolidated Appropriations Act (“the Act”) on December 27, 2020, which provides nearly $900 billion in additional

Consolidated Appropriations Act as it Relates to Individuals

At the end of December 2020, President Trump signed the Consolidated Appropriations Act (CCA). While much of the CCA is directed at businesses, there are

Consolidated Appropriations Act – 501(c)(6) Organizations Qualify for PPP Funding

With the passing of the of the Consolidated Appropriations Act, 2021 (the Act) on December 27, 2020, organizations exempt under Internal Revenue Code Section

Meal and Beverage Expenses Fully Deductible for the Next Two Years

When President Trump signed into law the recently passed stimulus legislation known as the Consolidated Appropriations Act (Act), most discussion and concern

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The Latest Stimulus Package Enhances the Employee Retention Credit

In March 2020, the CARES Act created the Employee Retention Credit (“ERC”), which allowed qualifying employers of any size to claim a refundable

Social Security Tax Deferral and Repayment Explained

On August 28, the IRS issued Notice 2020-65 to provide further clarification regarding a presidential memorandum that permits employers to defer the withholding

Updated 941-X, Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund

During the COVID-19 crisis, Form 941 was revised as new relief bills have offered opportunities for employers to qualify for credits and deferral of employment

IRS Issued Final Regulations on the GILTI High-Tax Exclusion

Are you a U.S. shareholder of a controlled foreign corporation (CFC)? The final regulation on Global Intangible Low-Taxed Income (GILTI) high-tax exclusion

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Final 163(j) Regulations a Win for Manufacturers and Private Equity-Owned Businesses

In late July, the Internal Revenue Service (IRS) issued final regulations on Internal Revenue Code (IRC) Section 163(j) that limits the deductibility of

IRS Extends 2020 Rollover Period and Other Deadlines for Retirement Account RMDs

In March, the CARES Act provided taxpayers opportunity to skip this year’s (2020) required minimum distribution (RMD) from their retirement accounts.

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