Category Taxation Law (2)

Employer Payroll Tax Credits for COVID-19

By Christopher Nuss | 03.23.2020
Updated 4/1/2020 On March 18, 2020, President Trump signed the “Families First Coronavirus Response Act” into law. The law, which will go into effect on a date chosen by the Treasury Secretary (no later than April 2, 2020), creates two new federally-required employee benefits. BrownWinick has previously written about the new law in detail. The... Read More

Effects of COVID-19 on 1031 Exchange Deadlines

By Katie McKain Tegtmeier | 03.20.2020
Following President Trump’s emergency declaration on March 13, 2020, with respect to the COVID-19 outbreak, the U.S. Treasury Department (the “Treasury Department”) and Internal Revenue Service (“IRS”) issued guidance on special payment relief to individuals and businesses. However, as of the date of this post, no extensions or other relief apply... Read More

Guidance on Tax Payments Following COVID-19 Outbreak

By Cynthia Boyle Lande | 03.19.2020
UPDATE: 4/10/2020 Yesterday, the IRS announced it is expanding the scope of what returns and taxes are now due July 15, 2020 (similar to previous announcements below). The new deadline more broadly applies to taxpayers with a filing or payment deadline on or after April 15 and before July 15, whether that is an original or extended due date. Most... Read More

Tax Update - Qualified Opportunity Zone Final Regulations and Highlights of Tax Provisions in Spending Bill

By Christopher Nuss | 01.24.2020
Final Regulations for Qualified Opportunity Zones At long last, after two sets of proposed regulations, the IRS finalized its regulations with respect to investing in a “qualified opportunity zone” (“QOZ”). See previous articles on the tax benefits of such an investment and how to qualify for them here: Invest in Opportunity Zones and Updated... Read More

Planning for the 2019 Year-End and Upcoming Changes in Tax Law

By Christopher Nuss | 11.21.2019
The end of the 2019 taxable year is quickly approaching, which means there are only a few weeks left for certain tax planning. This article discusses potential tax planning strategies for 2019, recaps some of the more significant changes that occurred in 2019, and also addresses upcoming changes you should be aware of for the 2020 taxable year.... Read More

BrownWinick Law Firm Ranked in U.S. News - Best Lawyers 2020 "Best Law Firms" List

By BrownWinick | 11.01.2019
BrownWinick has been included in the U.S. News – Best Lawyers® 2020 "Best Law Firms" rankings[i]. The tenth edition of the U.S. News & World Report and Best Lawyers® released the 2020 "Best Law Firms" rankings on November 1, 2019. Firms included in the 2020 "Best Law Firms" list are recognized for professional excellence with persistently... Read More

BrownWinick Attorneys Named to 2020 Best Lawyers List

By BrownWinick | 08.15.2019
BrownWinick is pleased to announce that 24 lawyers have been included in the 2020 Edition of The Best Lawyers in America. Since it was first published in 1983, Best Lawyers® has become universally regarded as the definitive guide to legal excellence. Best Lawyers® has published their list for more than three decades, earning the respect of the... Read More

Update on Investing in Opportunity Zones

By Christopher Nuss | 07.16.2019
Additional IRS and Treasury Department Guidance Proposed Regulations for Qualified Opportunity Funds The IRS has now issued two sets of proposed regulations for Qualified Opportunity Funds (“QOF”). As part of the Tax Cuts and Jobs Act, Congress established QOF as a new investment vehicle to spur economic development in certain distressed... Read More

One Year after Landmark Wayfair Decision Iowa Sales Tax Update

By BrownWinick | 07.12.2019
The United States v. Wayfair Supreme Court landmark decision last summer created an entirely new landscape for state sales and use taxes. BrownWinick’s previous articles explained the decision and provided an update focused for businesses. To summarize, many more businesses are subject to out-of-state sales tax laws under a concept known as... Read More

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