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Tax Report — Treasury Department Publishes Foreign Tax Credit Guidance, Includes GILTI Relief for R&D Expenses

USA - December 11 2019 The U.S. Treasury Department (“Treasury”) has released final regulations and proposed regulations (T.D. 9882) (the “Guidance”) providing rules related…

Sabrina Conyers, Drew Hermiller, C. Wells Hall, III, Mauricio D. Rivero

Nelson Mullins Tax Report: Coronavirus Response and Relief Act

USA - January 4 2021 After months of protracted negotiations, the Senate and the House passed the omnibus spending and Coronavirus relief bill known as the Consolidated…

Sabrina Conyers, Drew Hermiller, Maurice D. Holloway, C. Wells Hall, III, William S. Richmond, Bobby Streisel, Matthew R. Zischke

Tax Report - Qualified Opportunity Zones: Final Regulations Released

USA - January 9 2020 On December 19, 2019, the United States Treasury Department (“Treasury”) issued final regulations (the “Final Regulations”) under Section 1400Z of the…

Sabrina Conyers, Samantha D'Angelo, Kay A. Gordon, Drew Hermiller, Maurice D. Holloway, C. Wells Hall, III, Gene Crick Jr., Erin Reeves McGinnis, William S. Richmond

American Rescue Plan Act of 2021

USA - March 18 2021 President Biden signed the American Rescue Plan Act of 2021 (the “ARPA”) on Thursday, March 11. The legislation is one of the largest economic…

Nathaniel G. Dutt, Drew Hermiller, C. Wells Hall, III, Bobby Streisel, Matthew R. Zischke