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Federal Tax Insights

Washington Tax Insight June 2020

Politics and Congressional Activity Due to the COVID-19 pandemic, Congress has spent very little time in session for the last several weeks with the House convening for a handful of days in May with new rule changes allowing proxy voting, and the Senate in session for several days but not for its full original schedule.  Although the House passed additional legislation to address the economic impacts of the pandemic, the […]

June 1, 2020

Highlights of the Final and Proposed Regulations on Hybrid Transactions Issued by Treasury and the IRS on April 7, 2020

On April 7, 2020, the US Treasury and IRS released final regulations (T.D.9896) (Final Regulations) and new proposed regulations (REG-106013-19) (Proposed Regulations) for hybrid transactions under §245A(e) and §267A of the Internal Revenue Code.  These transactions were addressed as part of the 2017 US tax reform legislation, referred to as the Tax Cuts and Jobs Act (TCJA) (Pub. L. No. 115-97 enacted December 22, 2017).  According to the IRS, the […]

June 1, 2020

True Partners Consulting Named One of the 2020 Best Workplaces in Chicago by Great Place to Work

Great Place to Work® has honored True Partners Consulting as one of the 2020 Best Workplaces in Chicago. The ranking considered over 27,000 responses from Chicago area employees. Great Place to Work, a global people analytics and consulting firm, evaluated more than 60 elements of team members’ experience on the job. These included the extent to which employees trust leaders, the respect with which people are treated, the fairness of workplace decisions, and how much camaraderie […]

May 21, 2020