As an update, the Monetary Authority of Singapore (MAS) has provided further information regarding the new financial sector incentives (“FSI”) announced during 2025 Budget Statement in the MAS Circular released on 3 July 2025 [1]. The FSI will now…

On June 9, 2025, the IRS released Rev. Proc. 2025-23,[1] which updates the list of accounting method changes — previously in Rev. Proc. 2024-23 — that qualify for the automatic change procedures under Rev. Proc. 2015-13.The updated revenue procedure…

As the Republican’s self-imposed July 4th deadline for the One Big Beautiful Bill Act (“OBBBA”) nears, attention is focused on the Senate Parliamentarian, who is determining which provisions procedurally can be included in a reconciliation bill, and…

On Monday, Senator Crapo released much-anticipated initial draft legislation from the Senate Finance Committee for the One Big Beautiful Bill Act reconciliation bill (the Senate Bill). This release marks a pivotal step in the ongoing legislative…

On May 22, 2025, the House passed H.R. 1 (the "House Bill").[1]  While the House Bill generally focuses on domestic taxpayers, it includes section 899, "Enforcement Remedies Against Unfair Foreign Taxes," which, if enacted, could dramatically…

One hundred and twenty-two days after President Trump was sworn into office, the House Republicans advanced the One Big Beautiful Bill Act reconciliation bill  [1] (the House Bill). As articulated in our prior alert, we were anticipating a…

As part of the budget reconciliation plan[1], the House of Representatives are proposing a significant expansion[2] of Public Law 86-272[3], a statute that has provided crucial tax protections for out-of-state businesses since its enactment in 1959…

Effective April 2, 2025, The Texas Comptroller is implementing significant changes to Title 34 TAC §3.330 regarding the application of sales and use tax to data processing services. The proposed changes were published in the Texas Register on…

Breaking up is hard to do, especially when it comes to financial reporting. Whether a company is spinning off a division, preparing for an IPO, or divesting a business unit, carve-out financial statements bring a unique set of challenges. If you…

Current Trade Climate and Duty DrawbackCompanies that import products into the U.S. market must navigate a disrupted trade environment, characterized by shifting regulatory and policy frameworks, escalated trade and tariff tensions, and reevaluation…

As the political landscape shifts under the Trump administration, renewable energy investors anxiously await decisions about energy tax credits that could affect key tax incentives and common financing structures. With significant uncertainty for…

As the 2024 financial reporting season approaches, it is essential for organizations to evaluate developments that could affect income tax accounting under ASC 740 and IAS 12. This year-end update highlights key developments from the second half of…

On December 11, 2024, Treasury and the IRS published a new set of final section 987 regulations (the “2024 Final Regulations”) for determining the taxable income or loss, and foreign currency gain or loss, of a taxpayer with a section 987 “qualified…

As President-elect Donald Trump and his fellow Republicans prepare to take the reins, the fear of tax increases has diminished. However, uncertainty looms over many key issues. Questions remain about the future of the expiring Tax Cuts and Jobs Act…

Cost SegregationWhen a business acquires, constructs or substantially renovates a building, a cost segregation study may be a great way to take advantage of permanent cash-flow benefits. Cost segregation is an engineering-based approach that…

Alvarez & Marsal is proud to release the 2024 Initial Public Offering (IPO) Compensation Report. This report draws on data from proxy statements of 497 companies with a median market capitalization of approximately $731.2 million that…

On September 13, 2024, Treasury and the IRS published proposed regulations (REG-122129-23) regarding the corporate alternative minimum tax (CAMT). These proposed rules generally adopt prior guidance issued through a series of notices since December…

With just under two months to go before the elections and one presidential debate under our belts, the candidates have yet to divulge complete economic plans that fully address the extent of their tax policies. Both Vice President Kamala Harris and…

On August 6, 2024, Treasury and the IRS released proposed regulations that address several long-standing issues related to dual consolidated losses (DCLs) and introduce new rules for “disregarded payment losses” (DPLs). If finalized as proposed,…