Tax Blog

Our tax blog is dedicated to CFOs, Tax Directors and Business Owners looking to improve profitability, grow their business or implement a succession plan. At Armanino, we see the tax function as a key strategic tool—as nothing less than a vital means of moving you and your company forward. While we excel in making sure our clients meet regulatory requirements—both domestic and global—that just scratches the surface of what we do.

June 8, 2020

IRS歳入手続 2020-24 と国際税務上の注意点

NOTE: Armanino works with a significant number of individuals and business owners who converse in Japanese. As a service to these clients, we have translated our recent CARES Act Alert.

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純資産が1,200万ドル以上のご夫妻は、是非、エステート・プラニングをご検討ください

NOTE: Armanino works with a significant number of individuals and business owners who converse in Japanese. As a service to these clients, we have translated our recent CARES Act Alert.

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May 17, 2020

House Passes HEROES Act, Steep Challenges Expected in Senate

On May 15 the House passed, with some Democratic dissent, the $3 trillion Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act. The HEROES Act returns certain elements taken away by the 2017 Tax Cuts and Jobs Act (TCJA) and adjusts for elements within the CARES Act. Highlights include $1 trillion in state and local …

May 12, 2020

DAC6 Reporting Requirement for All Cross-Border Tax Arrangements Postponed

DAC6 is an EU Council Directive 2011/16 in relation to reporting requirements for all cross-border tax arrangements. It has been in force since June 25, 2018, promoting transparency and fairness in taxation. DAC6 applies to cross-border tax arrangements that meet one or more specified characteristics (hallmarks) and that concern either more than one EU country …

May 5, 2020

Tax Alert: Nonprofit Guidance on Self-Funded Unemployment, Main Street Lending Program and Faxing Amended Refund Claims

Last week, there were a number of pronouncements from various government agencies that impact nonprofits.  The U.S. Department of Labor, the Federal Reserve, and the Internal Revenue Service issued guidance for nonprofit organizations regarding the eligibility or impact of certain provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.  Here is a summary …

April 27, 2020

Additional Stimulus and Changes to SBA FAQ Amid Concerns Over “Need” for PPP loans

On Friday April 24, 2020, President Trump signed legislation providing additional funding.

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April 20, 2020

Recent Impacts on Venture- and PE-backed Entities

The CAREs Act introduced the PPP and continued the EIDL program. But VC- and PE-backed firms have limitations to apply.

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April 15, 2020

Recent Tax Developments Affecting Real Estate

There are a number of recent tax developments affecting the real estate sector. Below, we outline items where we’re seeing the greatest impact: Extended deadline for like-kind exchanges: If the 45-day identification period or the 180-day replacement period for like-kind exchanges ends between April 1, 2020 and July 15, 2020, those deadlines are extended to July …

April 14, 2020

Nonprofit Update: CARES Act Charitable Contribution Changes

On March 27, the president signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act. The $2 trillion legislative package to combat the coronavirus pandemic brings much needed economic relief to employers, employees and individuals impacted by the COVID-19 virus. This legislation made several changes to charitable contribution limitation rules for individuals and …

Main Street Lending Program: A New Path to Sustain Liquidity

Often overlooked in the PPP hysteria of the past two weeks has been Title IV, Section 4003 of the CARES Act, which outlined a $454 billion lending program to larger businesses than those in the PPP. The Treasury Department and Federal Reserve have now provided initial guidance on the loans that will be available under …

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