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TTB Publishes Updated Guidelines for Formula Approvals for Domestic Producers and Importers
  • McDermott Will & Emery
  • USA
  • October 12 2018

On September 18, 2018, the Alcohol and Tobacco Tax and Trade Bureau (TTB) issued TTB Industry Guidance 2018-10, a webpage consisting of questions and


Illinois Department of Revenue to Waive Penalty for Late Filing of Business Income Tax Returns Due October 15
  • McDermott Will & Emery
  • USA
  • October 12 2018

The Illinois Department of Revenue (Department) announced that it will grant abatement of late filing penalties for taxpayers that file their Illinois


Committee Leadership and Priorities: Appropriations & Defense
  • McDermott Will & Emery
  • USA
  • October 11 2018

Will defense spending increase again? Are earmarks making a comeback? Former Congressmen Jeff Miller and James P. Moran delve into possible


Capital Markets & Public Companies Quarterly: California to Require Female Directors, Updated Rules and Guidance from the SEC and Enforcement Actions in the Digital Asset Markets
  • McDermott Will & Emery
  • USA
  • October 11 2018

In the third quarter of 2018, California became the first state to mandate that public companies include at least one woman on their Board of


House & Senate Leaders in 2019
  • McDermott Will & Emery
  • USA
  • October 11 2018

The Democrats may gain control of the House but gaining a Senate majority is very challenging. Either way, there will be notable changes in


Federal Digital Goods Bill: Rules of the Road for State Sales and Use Taxation of Digital Goods and Services
  • McDermott Will & Emery
  • USA
  • October 11 2018

Today, US Senators John Thune (R-SD) and Ron Wyden (D-OR) filed the Digital Goods and Services Tax Fairness Act of 2018 (S.3581) for reintroduction in


Key Considerations for a Seamless Practice Acquisition
  • McDermott Will & Emery
  • United Kingdom
  • October 9 2018

For physician practice management (PPM) organizations going through an acquisition processes - whether by a physician group or a private equity firm -


Weekly IRS Roundup October 1 - 5, 2018
  • McDermott Will & Emery
  • USA
  • October 8 2018

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of October 1 - 5, 2018:


New CBMA Guidance Further Clarifies Excise Tax Rules for Imported Beverages
  • McDermott Will & Emery
  • USA
  • October 8 2018

Last week Customs & Border Protection (CBP) issued additional guidance on the Craft Beverage Modernization Act (CBMA) rules for applying the CBMA


Uncle Sam Is Buying Your Next Business Meal - at Least Half of It!
  • McDermott Will & Emery
  • USA
  • October 5 2018

Tax reform made many structural changes to our tax system. Changes to Code Section 274, however, sent shudders through corporate America. As amended