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New Proposed Regulations Could Substantially Impact Taxation of Foreign Investment in US Real Estate

USA - January 4 2023 The Department of the Treasury and the Internal Revenue Service (the “IRS”) released proposed regulations (the “Proposed Regulations”) on December 28…

Robert Cassanos, Cameron N. Cosby, Colin S. Kelly, Christopher Roman, David I. Shapiro

Treasury Releases Final Carried Interest Regulations

USA - January 11 2021 Section 1061 of the Internal Revenue Code was enacted as part of the 2017 Tax Cuts and JOBS Act to create greater parity between the tax treatment of…

Michelle Gold, Colin S. Kelly, Andrew Penman, David I. Shapiro

New Paycheck Protection Program (PPP) Is Approved by Congress

USA - December 28 2020 On December 27, 2020, the Economic Aid Act (EAA) was signed into law to provide financial relief to small businesses suffering from the impact of the…

Michael T. Gershberg, Joshua D. Roth, Gail Weinstein, Steven M. Witzel, Jennifer A. Yashar

CARES Act: PPP Loan Forgiveness and Deductibility of Related Expenses

USA - May 12 2020 On March 27, 2020, the federal government enacted the Coronavirus Aid, Relief, and Economic Security Act" (CARES Act), which provides for up to $349…

Xenia Garofalo

REIT Tax Checklist During the Pandemic

USA - April 13 2020 "It's like dj vu all over again," Yogi Berra reputedly said. We all hoped that we would only have to live through one Great Recession, but here we go…

Robert Cassanos, Cameron N. Cosby, Christopher Roman