Insights

Details on the Florida Department of Revenue extended filing deadlines for certain Florida corporate income tax (“CIT”) payments and returns.

Learn more on how government contractors should track allocable proceeds used in their contracts to assist in potential loan forgiveness.

Government contractor guidance on the OMB memorandum discussing the relationship between Section 3610 and the Paycheck Protection Program (“PPP”).

Guidance on taking advantage of the new MSLP, the additional stimulus lending program available to small and medium sized businesses that meet certain criteria.

Learn more on the CARES Act NOL carryback changes providing immediate refunds for corporate taxpayers with taxable income during the carryback time period.

The first payment of Oregon’s new Corporate Activity Tax (“CAT”) is due April 30, 2020 for businesses whose activities exceed the state’s nexus threshold.

The IRS issued Notice 2019-6 which provides that the requirement to report partners’ capital accounts on the tax basis method will not be effective.

Find out more about the DCAA guidance issued for conducting audits for government contractors during the COVID-19 national emergency.

IRS regulations have been released concerning the tax treatment of charitable contributions in exchange for state and local tax credits.

Learn more on the IRS deadline extensions issued April 9, 2020 effecting 1031 like-kind exchanges and opportunity zone investments.