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Washington Tax Insight November 2020

Election Results and Congressional Activity Voters in the United States turned out in record numbers on November 3rd to cast their ballots in the Presidential race as well as state and local races.  Although most of the results have been officially announced, there are some outstanding races that have been labeled either “too early to call” or “too close to call.” Presidential Election:  With 270 electoral votes needed for victory, […]

November 9, 2020

TPC Tax Insights – A Podcast for the Tax Minded

We’re starting a podcast in order to share industry information and introduce smart, interesting, people whose voices we feel need to be heard. We hope to connect our employees, clients and other tax and accounting professionals who may feel isolated or “out of the loop” in this era of COVID19 and global work-from-home. Hosted by Kristin Mauer, a long time TPC team member based on the West Coast, each episode […]

October 28, 2020

Highlights of the 163(j) Business Interest Guidance Issued by Treasury and the IRS on July 28, 2020 – Part 2

On July 28, 2020, the US Treasury and IRS released final regulations (the Final Regulations) and new proposed regulations (the 2020 Proposed Regulations) on the business interest expense (BIE) deduction limitation under §163(j) (§163(j) limitation) of the Internal Revenue Code (Code).  Both the Final Regulations and the 2020 Proposed Regulations were published in the Federal Register on September 14, 2020. §163(j) was modified by the 2017 US tax reform legislation, […]

October 7, 2020