Trump tax break fails to deliver for communities, study finds

President Donald Trump recently highlighted the “opportunity zone” tax breaks he signed into law in late 2017 as a reason his administration “has done more for the Black Community than any president since Abraham Lincoln,” but a new study casts doubt on the program’s effectiveness.

Trump tax break fails to deliver for communities, study finds


In the blogs: Phases on stun

Reopening and depreciation; cutting your AR; butts in seats; and other highlights from our favorite tax bloggers.

In the blogs: Phases on stun


IRS warns nursing homes: Don’t grab patients’ coronavirus stimulus payments

The Internal Revenue Service told nursing homes and other care facilities Tuesday that they shouldn’t be seizing their residents’ economic impact payments.

IRS warns nursing homes: Don’t grab patients’ coronavirus stimulus payments


Main Street Lending Program gets underway as alternative to PPP

The lender portal for the Federal Reserve’s Main Street Lending Program has opened as the long-awaited alternative to the problem-plagued Paycheck Protection Program after weeks of delays.

Main Street Lending Program gets underway as alternative to PPP


CLA opens registration for virtual summer program

Top 10 Firm CliftonLarsonAllen will hold an online Summer Experience Program on June 24, 2020, offering students, parents and faculty an information session on professional life at the firm.

CLA opens registration for virtual summer program


CARES Act offers overlooked opportunities for tax refunds, but first check cross-border prices

Some multinational companies can generate additional carryback tax loss relief through transfer pricing planning.

CARES Act offers overlooked opportunities for tax refunds, but first check cross-border prices


The tax rule that inspired billionaires and movie stars to back climate moonshots

A little-used part of the U.S. tax code allows foundations to use some of their endowments as “program-related investments.”

The tax rule that inspired billionaires and movie stars to back climate moonshots


U.S. family offices lead global ranks with $396K salaries

It pays to be a senior executive in a U.S. family office.
Private investment firms of rich families there have the greatest number of C-suite executives making more than $396,000 a year.

U.S. family offices lead global ranks with 6K salaries


12 strategies for thriving after the coronavirus

Gary Boom, Allan Koltin and Gary Shamis share their top tips to help navigate the pandemic — and the uncertain period beyond it.

12 strategies for thriving after the coronavirus


Reprieve offered on New Markets Tax Credit transactions delayed by coronavirus

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.

Reprieve offered on New Markets Tax Credit transactions delayed by coronavirus