On September 1, 2020, the Department of the Treasury and the Internal Revenue Service (collectively, Treasury) released final regulations under Section 59A, commonly referred to as the base erosion and anti-abuse tax (BEAT). The final regulations provide additional guidance on the application of the BEAT. Details Section 59A imposes on each applicable taxpayer a tax equal to […]
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The New Reality Of Commercial Real Estate
As the majority of employees would rather work from home, we take a look at what has happened to urban office spaces and what lies ahead for the future of commercial real estate and urban headquarters.
Read morePPP Loan Forgiveness Update: Change For 5% Owner-Employees Of Corporations And Certain Non-Payroll Costs
On August 24, the Small Business Administration (SBA) issued an Interim Final Rule (IFR) that, for the first time, sets a de minimis rule for Paycheck Protection Program (PPP) loan forgiveness for owner-employees who own less than 5% of a corporation. The IFR also provides additional guidance on PPP loan forgiveness of certain nonpayroll costs. The IFR […]
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