The CARES Act made a number of well publicized revisions to the tax code, including as to the payment of employee wages and the deduction of interest and net operating losses. Perhaps lesser known are the revisions in the CARES...
Read MoreSubject to certain exceptions1, historically under the Internal Revenue Code of 1986, as amended (the “Code”), there has generally been no limit on the deduction of business interest. However, the newly enacted...
Read MoreBy Andrew MacLeod At the end of 2015, the Bipartisan Budget Act of 2015, as amended (the “BBA”), was enacted into law, and will be effective for tax years beginning after 2017. Under the BBA, the rules relating to the audit of...
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