The more time passes after the passage of the TCJA, the less likely a technical fix to the retail glitch becomes. Affected taxpayers must look at current rules and take steps to maximize deductions by understanding the opportunities that still exist in the tax code.
David McGuire is a leading expert on cost segregation, fixed assets and depreciation law and a Co-Founder of McGuire Sponsel.
Were you following this:
NYC zoning loophole challenged in case that would require removing top 20 floors of tower |
New York City is appealing a recent New York State Supreme Court decision that would force the developers of 200 Amsterdam in Manhattan to demolish the top 20 floors from the 52-story luxury condominium building.
The city's Department of Buildings (DOB) and Board of Standards and Appeals were named as co-defendants in the original July 2019 lawsuit, along with Amsterdam Avenue Redevelopment Associates.
A New York City spokesperson said that the city is appealing the court's ruling because the permit was issued in accordance with the law and that it is up to the city to amend flawed city policies, not the court's.
NJ Tax Division Proposes Market-Based Sourcing Regulations - Law360
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Mallinckrodt Confirms Court Decision in Lawsuit Against U.S.
"This is clearly a disappointing ruling by the District Court. We continue to believe that a bedrock principle of administrative law is that the government is required to give fair notice and a clear, legal basis for a change in position, particularly when that position has been relied upon by a regulated entity like Mallinckrodt ," said Mark Casey , Executive Vice President and Chief Legal Officer of Mallinckrodt .
In the absence of court intervention and based on the effective date of the ruling and change to the base date AMP, the company will pay roughly $650 million for the period from January 1, 2013 to present, and this will be reflected as a non-GAAP adjustment in the first quarter results.
And here's another article:
Brazilian Cryptocurrency Exchanges Hit Hard by Tax Regulations
Tax authorities in Brazil have been more active in regulating the crypto market resulting in what one observer has called a cooling of the market for smaller exchanges.
Following new application of new tax norms in August 2019, Brazil has recently seen some of the results of those actions. Cointelegraph Brasil reported that two major cryptocurrency exchanges based in the South American nation have been shut down following threats of heavy fines and the immediate effects of the regulations.
SI 2020/240 - The Statutory Parental Bereavement Pay (Miscellaneous Amendments) Regulations 2020
SI 2020/240 makes consequential amendments to SI 2002/3047, SI 2003/2682 and SI 2005/2045 in relation to statutory parental bereavement pay from 6 April 2020.
The Statutory Parental Bereavement Pay (Miscellaneous Amendments) Regulations 2020 make consequential amendments to secondary legislation relating to income tax, to insert references to statutory parental bereavement pay. The regulations amend the Statutory Payment Schemes (Electronic Communications) Regulations 2002 (SI 2002/3047), the Income Tax (Pay as You Earn) Regulations 2003 (SI 2003/2682) and the Income Tax (Construction Industry Scheme) Regulations 2005 (SI 2005/2045).
House passes bill to help prop up economy from coronavirus | TheHill
The House early Saturday morning passed legislation aimed at mitigating the economic impact of the coronavirus by providing financial assistance to people impacted by the pandemic.
"We could have passed our bill yesterday," Pelosi told reporters at a late Friday night press conference in the Capitol. "But we thought it was important to assure the American people that we are willing and able to work together to get a job done for them."
Yet confusion over whether they had struck a deal remained late into Friday evening, with GOP lawmakers throwing cold water on a deal and saying Pelosi jumped the gun on announcing an agreement .
Coronavirus Legislation to Provide Paid Leave for Many Employees
Congress is moving quickly to provide relief to employees who are impacted by COVID-19, and the legislation will also have a big impact on most employers. The House of Representatives passed the Families First Coronavirus Response Act, H.R. 6201, in a bipartisan vote on Saturday, and the Senate will consider the bill this week. President Trump has expressed his approval of the emergency legislation and is expected to sign it if and when it clears Congress.
The Act has only passed the House and could still be changed by the Senate. Here are the key provisions of the current version of the legislation likely to impact employers:
Happening on Twitter
The White House National Security Council, in a Twitter post on a verified account, says text-message rumors of a n… https://t.co/IGgsjGNYBF business (from New York and the World) Mon Mar 16 05:14:02 +0000 2020
Council of Dad Jokes Challenge!! post your best/worst dad jokes and cheer up your friends! @CliveStanden… https://t.co/xfZagqmtrH SarahWCallies Sun Mar 15 18:59:07 +0000 2020
Fingal County Council is continuing to provide services during the current Coronavirus (Covid-19) situation, howeve… https://t.co/3534Dvjr2j Fingalcoco (from Swords, Co. Dublin) Mon Mar 16 09:34:00 +0000 2020
Bus fare rises outside of London are a "scandal" Newcastle City Council chief says https://t.co/neIjXQ3rwB BBCNews (from London) Sun Mar 08 13:59:53 +0000 2020
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