by ShuffieldLowman | Apr 14, 2020 | Blog, Covid-19, Tax Advice & Controversy
On March 20, 2020, the Internal Revenue Service (“IRS”) and the U.S. Department of Labor announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse, dollar-for-dollar,...
by Alexander Howell | Apr 9, 2020 | Blog, Covid-19, Tax Advice & Controversy
On Friday, March 27, 2020, Congress passed and the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). The CARES Act provides updates to the Families First Coronavirus Response Act (signed into law on March...
by Nathaniel Dutt | Apr 8, 2019 | Blog, Real Estate, Tax Advice & Controversy
ShuffieldLowman attorney Jordan Horowitz also contributed to this post In December of 2017, the U.S. Congress established the Qualified Opportunity Zone (“QOZ”) program, designed to help economically-distressed communities where new investments, under certain...
by Daniel Harris | Apr 19, 2018 | Blog, Estate Planning & Probate, Tax Advice & Controversy
Congress recently passed the Tax Cut and Jobs Act (“TCJA”) earlier this year, the largest revision to the tax code in thirty (30) years. Among the many changes are significant increases in the Estate, Gift, and Generation-Skipping Transfer (GST) tax exclusion...
by John DeLancett | Mar 14, 2018 | Blog, Tax Advice & Controversy
The IRS announced on Tuesday, March 13, 2018 that it was ending its Offshore Voluntary Disclosure Program on September 28 of this year. It stated that they were alerting taxpayers now to give those taxpayers with undisclosed foreign income or assets a chance to come...
by John DeLancett | Aug 15, 2017 | Blog, Tax Advice & Controversy
The IRS has announced two new and highly sophisticated approaches to criminal tax enforcement. The first, called the “data initiative”, sounds similar to the data analysis first used by FinCen to uncover money laundering operations. It will consist of data analysis...
