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Democrats in Congress are criticizing how millions of economic impact payments authorized under the CARES Act are being handled.July 28
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The Tax Cuts and Jobs Act created opportunity zones as an economic development tool to stimulate investments in distressed communities.July 22
Tax partnerFarella Braun + Martel
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The final IRS and Treasury rules let taxpayers exclude certain income from their GILTI computation.July 21
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Italy and Spain also offered to limit the scope of a proposed global digital tax, a concession after the U.S. threatened to hit countries with tariffs if they moved ahead with levies on tech companies.June 26
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Treasury Secretary Steven Mnuchin said he may consider a second extension in the U.S. tax filing deadline as the coronavirus pandemic continues.June 24
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The IRS and the Treasury gave tax relief to businesses and investors who were engaged in New Markets Tax Credit transactions but couldn’t get them done in time due to the COVID-19 pandemic.June 15
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The Internal Revenue Service won’t charge people who threw their stimulus money away because they thought the envelope was junk mail.June 8
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A bipartisan group of lawmakers has introduced legislation to close a loophole in the CARES Act.May 22
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The application from the Treasury leaves many questions unanswered.May 19
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The Internal Revenue Service and the Treasury Department are beginning to send nearly 4 million economic impact payments by prepaid debit card, instead of by paper check or direct deposit.May 19
