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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

The 2020 Presidential Election: Tax Proposals of Biden & Trump

Election Day is November 3rd, and there are a number of policy debates dominating this Presidential election cycle including the COVID-19 pandemic and the federal response to it, the Supreme Court and the current vacancy created by the death of Justice Ruth Bader Ginsburg, racial and ethnic equality, healthcare and the future of the Affordable Care Act (ACA), and climate change.  Tax policy issues are also on the ballot for […]

October 1, 2020

Washington Tax Insight September 2020

Politics and Congressional Activity President Trump accepted the Republican nomination for President with Mike Pence as the Vice Presidential nominee at the Republican National Convention.  Former Vice President Joe Biden accepted the Democratic nomination for President with Kamala Harris selected as the Vice Presidential nominee at the Democratic National Convention.  Election Day is November 3rd, and the expected increase in absentee and mail-in voting has focused attention on the USPS. […]

September 3, 2020