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The CTA’s Large Operating Company Exemption in Focus

The Corporate Transparency Act (the “CTA”), part of the federal government’s effort to curtail money laundering by means of shell company structures, imposes disclosure requirements on most entities registered to do business...more

Federal Income Tax Filing Deadline Extended to July 15

Treasury Secretary Steve Mnuchin announced via Twitter that the tax filing deadline for federal income tax returns has been extended by 90 days to July 15, 2020. Earlier this week, the federal government extended the time...more

Treasury Extends Deadline to Pay Income Taxes Due to COVID-19 Concerns

The government has not extended the deadline for federal tax filing, but Treasury Secretary Steven Mnuchin, speaking at a coronavirus news conference earlier today, said the government is extending the due date by 90 days for...more

IRS to Issue Regulations Addressing $10,000 Limit on State and Local Tax Deduction

Yesterday, the IRS issued Notice 2018-54 and an accompanying news release stating that proposed regulations will be issued addressing the deductibility of state and local tax payments for federal income tax proposes....more

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