Loeb & Loeb LLP | USA | 8 Apr 2019
When the 2017 Tax Cuts and JOBS Act initially passed, there were a lot of questions about how Internal Revenue Code Section 4960 — the new 21 percent…
Phillips Lytle LLP | USA | 3 Apr 2019
On April 1, 2019, the State Legislature approved a $175.5 billion budget for 2019-2020, which, among other things, eliminates an important sales tax…
McDermott Will & Emery | USA | 3 Jan 2019
One of the more controversial and complex provisions of the Tax Cuts and JOBS Act has been the 21 percent Excise tax on certain nonprofit executive…
Steptoe LLP | USA | 31 Dec 2018
Notice 2019-09, issued today, provides Interim Guidance on the provisions of section 4960, which was added by the 2017 Tax Cuts and JOBS Act. Section…
Reed Smith LLP | USA | 22 Dec 2017
On December 22, 2017, President Trump signed into law H.R. 1, the “Tax Cuts and JOBS Act.” The Act, which the House and Senate both…
Baker Botts LLP | USA | 2 Dec 2017
The Senate has now passed its own version of the "Tax Cuts and Jobs Act" tax reform bill. The two tax reform bills passed by the House and the Senate…
Clark Hill PLC | USA | 3 Nov 2017
On November 2, 2017, the House Republicans released their long-awaited tax reform bill, the Tax Cuts & Jobs Act.1 If the bill becomes law, it will…
Cole Schotz PC | USA | 24 Jul 2017
On November 2, 2015, new partnership audit rules, repealing existing TEFRA rules, were enacted in Section 1101 of the Bipartisan Budget Act (“BBA”)…
Steptoe LLP | USA | 13 Jun 2017
Today, Senators John Thune (R-SD) and Bob Casey (D-PA) introduced the Charities Helping Americans Regularly Throughout the Year (CHARITY) Act of 2017…
Riker Danzig LLP | USA | 24 May 2017
In November, New York Governor Cuomo signed into law an amendment to the New York Nonprofit Revitalization Act of 2013 ("NPRA"). The 2016 Amendment…