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Claiming the Employee Retention Credit for Past Quarters Using Form 941-X
The Employee Retention Credit (ERC) is a tax credit available to employers who have seen a reduction…
IRS Excludes Cryptocurrency Exchanges From Section 1031
Cryptocurrency is cool these days. And since this Tax Blog aspires to be cool (with mixed results),…
Revenue Ruling 99-6 and Section 1031: Bob and Jon’s Excellent Adventure—Part II
Bob and Jon were the members of Apartment LLC, an LLC taxed as a partnership, with Bob…
Revenue Ruling 99-5 and Section 1031: Bob and Jon’s Excellent Adventure—Part I
Jon was the sole member of Apartment LLC, a disregarded entity for tax purposes. Apartment LLC owned…
Rev. Proc. 2021-20: A Safe Harbor for Missed PPP Deductions
On April 22, 2021, the IRS issued Revenue Procedure 2021-20, which provides a safe harbor allowing taxpayers…
Tax Provisions in the American Rescue Plan Act of 2021
On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021 (“ARPA”),…
Section 1061’s Application to Real Estate Carried Interests (or Not)
Persons interested in investing in real estate may not have the capital to purchase or develop real…
You Can Leave California (With the Right Facts)
This post follows up on an earlier post from December 12, 2020, titled “The Long Arm of…
Final Regs Defining ‘Real Property’ for Section 1031: IRS Gets It Right With ‘State Law Plus’
Jon Christianson and Matthew Carlson of Boutin Jones Inc., together with Louis Weller of Weller Partners, LLP,…