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The Research Tax Credit and the Substantially-All Test

USA - March 4 2021 A recent United States Tax Court decision raises a high bar for taxpayers claiming federal income tax credits for research expenses. The case turned…

Loren M. Opper.

Tax Court Denies Research Credits for Research Activities

USA - February 9 2021 A recent Tax Court decision - which arguably is wrongheaded - could cause many suppliers of production parts to original equipment manufacturers to…

Loren M. Opper.

IRS Updates Guidance on Deductibility of Expenses Paid With PPP Loan Proceeds

USA - November 23 2020 The IRS recently released additional guidance about the tax treatment of expenses paid with proceeds of Paycheck Protection Program loans. The PPP…

Gary R. Glenn, Gregory A. Nowak, Maria B. Hiltunen, Samuel Parks.

The Department of The Treasury Answers Some Questions Regarding Trump’s Payroll Tax Deferral, But Leaves More Unanswered

USA - September 1 2020 On Friday, Aug. 28, 2020, the Department of the Treasury released Notice 2020-65 (the "Notice") which provides some long-awaited guidance for the…

Gary R. Glenn, Samuel Parks.

Pres. Trump’s Tax Deferral Plan Raises Questions for Employers

USA - August 11 2020 On Saturday, Aug. 8, Pres. Donald Trump signed the "Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster,"…

Gary R. Glenn, Samuel Parks.