Practice Areas
- US and Cross-Border Corporation Taxation
- US and Cross-Border Individual Taxation
- State and Local Taxation Including Income and Sales Tax
Industries
- Cloud Computing and Information Technology
- Manufacturing and Distribution
- Healthcare
- Legal Services
Fuller Insights
COVID-19: US CARES Now Allows for Carryback of Net Operating Losses
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) amended Internal Revenue Code Section 172(b)(1) to allow carryback of net operating losses (NOL) arising in tax years beginning after December 31, 2017 and before January 1, 2021 (NOL period). The “Carryback Period” includes each of the five taxable years preceding the taxable year in
... Read MoreCOVID-19: IRS Announces Relief for Nonresident Individuals Affected by COVID-19 Travel Restrictions
On April 21, 2020, IRS issued Rev. Proc. 2020-20 setting forth relief for non-resident individuals who may have an inadvertent US income tax filing requirement (form 1040-NR) under the “substantial present test” as a result of remaining in the United States longer than anticipated due to travel disruptions caused by the COVID-19 outbreak. This relief
... Read MoreCOVID-19: Learn more about the US Government’s Paycheck Protection Program
COVID-19: Learn more about the US Government’s Paycheck Protection Program The US Small Business Administration (SBA)’s Paycheck Protection Program (PPP) was created by The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) to help small businesses impacted by COVID-19. The CARES Act provides $349 billion of funding for SBA loan guarantees and additional
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