Tax & Benefits Blog

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Jul 29, 2021

U.S.-Swiss Tax Treaty Benefits for Dividend Payments to IRAs Under the 2021 CAA

Introduction. On June 7, 2021, the IRS published in Announcement 2021-11, 2021-23 I.R.B. 1196 the new Competent Authority Arrangement...

Jun 7, 2021

COBRA Premium Assistance Requirements for Exempt Employers

On April 7, 2021, the United States Department of Labor (“DOL”) issued guidance interpreting the premium assistance requirements for...

Apr 8, 2021

IRS Confirms Temporary Full Deduction for Employee Virtual Business Meals

On April 8, 2021, the IRS issued Notice 2021-25 (the "Notice") confirming availability of a temporary 100-percent deduction under section...

Dec 21, 2020

Full Deductibility of Business Meals for Employee Virtual Events Under H.R. 133

On December 21, 2020, Congress released the text of, and subsequently voted to approve the Consolidated Appropriations Act, 2021 (the...

Sep 3, 2020

Payroll Tax Deferral Under Notice 2020-65, FFCRA and CARES Act

Introduction On August 8, 2020, the President of the United States issued an executive order, 85 Fed. Reg. 49,857 (Aug. 13, 2020)...

Jul 26, 2020

Covid-19 Leave-Based Donation Program Necessitates Strict Compliance With Safe Harbor

On June 11, 2020, the IRS issued Notice 2020-46 (the “Notice”) permitting employers to claim a charitable contribution deduction under...

Jul 12, 2020

Extension of PPP, Discontinued EIDL Advances Offer Limited Tax Planning Opportunities

On July 4, 2020, legislation introduced in the Senate on June 30, 2020, initially the last date for submitting an application under the...

Jun 28, 2020

PPP Flexibility Act Approaches Tax Parity Between Loan Forgiveness and Employee Retention Credits

Section 1102 of the Coronavirus Aid, Relief, and Economic Security Act, Pub. L. No. 116-136 (2020) (CARES Act) sets forth requirements...

May 6, 2020

Tax Credits and PPP Loans for Eligible Employer Payroll Costs

On May 5, 2020, three senators who are leaders of their respective congressional tax-writing committees asked Treasury in a letter to...

Apr 21, 2020

Bill Passed by Senate Provides Further Allocations for PPP Loans

Today, the Senate passed the bill, Paycheck Protection Program and Health Care Enhancement Act (“PPP and HCE Act”), which provides...

Apr 5, 2020

Federal Paid Leave Tax Credits for Religious Employees Affected by Coronavirus

Paid Leave requirements and tax credits under the Families First Coronavirus Response Act (the "Act"), as amended by the CARES Act, apply...

Mar 31, 2020

IRS Notice 2020-22 Offers Guidance on Retaining Withheld Taxes

IRS Notice 2020-22, issued on March 31, 2020, offers guidance with respect to the payroll credits under the Families First Coronavirus...

Dec 31, 2019

LLCs As Private Equity Fund Acquisition Vehicles for Portfolio Companies With Multiemployer Pension

On November 22, 2019, the First Circuit Court of Appeals decided Sun Capital Partners III, LP v. New England Teamsters & Trucking...

Oct 17, 2019

Key Remedial Amendment Due Dates for Individually Designed 403(b) Plans Under Rev. Proc. 2019-39

Introduction. In Revenue Procedure 2019-39, effective September 30, 2019, Treasury and the IRS designated recurring remedial amendment...

MARINA VISHNEPOLSKAYA, ESQ., P.C. Providing sophisticated legal solutions to address your corporate and tax business needs.

Tax & Benefits Blog

MARINA VISHNEPOLSKAYA, ESQ., P.C.

Providing sophisticated legal solutions
to address your corporate and tax
business needs.