Alvarez & Marsal (A&M) has expanded its Corporate Transformation Tax (CTT ) platform with the appointment of Shaun Alane Lockhart as Managing Director.

As taxpayers near the end of income tax provision and tax return extension calculations, they may be thinking they have reached the end of the learning curve in terms of the impact of the Tax Cuts and Jobs Act (TCJA). While tax departments were busy developing new data sets and finding tools to assist with the calculations, the Internal Revenue Service (IRS) was releasing new draft and revised forms. Taxpayers will be required to familiarize themselves with these forms to report the TCJA effects in the coming months.

On Monday, March 4th, the U.S. Treasury and IRS released proposed regulations under IRC section 250, a new section of the Code added by the Tax Cuts and Jobs Act of 2017 (TCJA). We intend to issue thought leadership for our clients, through this Tax Advisor Weekly, on these regulations as we make our way through reporting season.

With a return of normalized IPO market conditions, more private companies will likely seek public status as we move into 2018.