On March 18, 2020, President Trump signed the Families First Coronavirus Response Act into law (the “Act”). The Act covers a range of emergency relief items ranging from coverage of COVID-19 testing to paid sick leave to budgetary effects. The…

Background The novel Coronavirus, also known as “COVID-19”, was first identified in China in late 2019 and has now spread to dozens of countries. At the time of writing, the World Health Organization just labeled this as a global pandemic. As cases…

As many taxpayers progress through their first filing deadlines of the new decade, the IRS recently released proposed regulations (REG-100814-19, effective for taxable years beginning after December 31, 2017) providing additional meals and…

Article featured on Thomson Reuters’ Taxnet Pro, February 2020 On February 25, 2020, the U.S. Supreme Court in Rodriguez v. FDIC unanimously ended the practice of determining the ownership of a tax refund based upon federal common law.…

Lee Zimet, Senior Director with Alvarez & Marsal Taxand, LLC, was published in the January 27 issue of Tax Notes Federal and Tax Notes International. In his report, Mr. Zimet explores whether U.S. persons that may have been…

On December 16, 2019, the Internal Revenue Service (“IRS”) released proposed regulations (REG-122180-18) under Internal Revenue Code (“IRC”) section 162(m), which is the tax provision that generally imposes a $1 million annual limit on deductions by…

Article featured on Thomson Reuters’ Taxnet Pro, February 2020 Click here for the UK perspective. Overall: In moving beyond the political and cultural debates surrounding Brexit, the United Kingdom is now presented with one of those rare…

On December 20, 2019, President Trump signed a year-end spending package that included the long-awaited Setting Every Community Up for Retirement Enhancement Act (the “SECURE Act”), ushering in the most sweeping reform to retirement saving in the U.…

For most of the 20th century, the United States was considered to have the most advanced infrastructure in the world, supported by the quality and integrity of its roads, railways, bridges, airports and utilities. It is astonishing that in the…

Article featured on Thomson Reuters’ Taxnet Pro , December 2019 On June 21, 2018, the U.S. Supreme Court decision in South Dakota v. Wayfair (“Wayfair”), 585 U.S. ___ (2018), overturned the long-standing precedent embraced 26 years earlier in…

On December 20, 2019, President Trump signed a spending bill that included legislation to extend the Energy Efficient Commercial Building Deduction (Internal Revenue Code section 179D) through December 31, 2020. The extension makes 179D…

In recent years, external forces have continued to advocate for more transparency and change with respect to executive compensation. Change in control provisions for executives are often easy targets for criticism; however, many business reasons…

On December 2, 2019, the IRS and Treasury Department published two new regulation packages -- one on foreign tax credits (“FTC”) and the other on the base erosion and anti-abuse tax (“BEAT”). In this edition of Tax Advisor Weekly, we focus…

Article featured on Thomson Reuters' Taxnet Pro, December 2019. Leave it to the IRS and Treasury Department to officially kick off the holiday season, gifting us this week with new regulation packages on foreign tax credits (“FTC”) and the…

Report noted in Houston Business Journal, "Texas energy data wrap: E&P executives grab higher pay", December 9, 2019. Alvarez & Marsal’s Compensation and Benefits Practice recently released its 2020 study on compensation practices in the…

Article featured on Thomson Reuters' Taxnet Pro, November 2019. On November 11, 2019, the U.S. Tax Court of Appeals for the Ninth Circuit released a court order denying an en banc rehearing of the case Altera Corp. v. Commissioner following Altera’…

Article featured on Thomson Reuters' Taxnet Pro, November 2019. On October 28, 2019, the U.S. Tax Court released a supplemental opinion regarding Eaton Corporation’s recent win in Eaton Corp. & Subs. V. Commissioner, T.C. Memo 2017. Background…

Alvarez & Marsal’s Compensation and Benefits Practice recently released its 2020 study on compensation practices in the oil and gas oilfield services (OFS) industry. Our study analyzed the total value of CEO, CFO, and board of director…

Article featured on Thompson Reuters' Taxnet Pro, October 2019. On October 22, 2019, the U.S. House of Representatives passed the Corporate Transparency Bill of 2019 (“the Bill”), an amendment to the Bank Secrecy Act. If passed by the Senate and…

Growth in Infrastructure investment continues to be a trend that has been unaffected by all manner of challenges, including the ever increasing global (and regional) political and economic instability. New capital continues to enter…