Insights

The CARES Act included a temporary increase of the limitation of the deductibility of business interest under section 163(j).

Listen as our professionals discuss the potential opportunity and uncertainty of business tax losses realized during the coronavirus disaster emergency.

The IRS released Rev. Proc. 2020-29, temporarily allowing the electronic submission of requests for letter rulings, closing agreements, and other advice.

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

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

Key takeaways from the Consolidated Appropriations Act 2020. Learn how these provisions may affect your business or organization.

Learn how Cherry Bekaert can help guide you through IRS Notice 2018-76, which provides guidance on the deductibility of business entertainment meals.

The IRS amplifies relief providing an almost comprehensive postponement to July 15, 2020, for federal tax returns, payments, and other time-sensitive acts.