IRS Revises Procedures for Obtaining Employer Identification Numbers
April 2019 As part of its ongoing security review, the Internal Revenue Service announced last week that it is implementing new procedures that will allow only certain individual taxpayers qualifying as the "responsible party" to request Employer Identification Numbers (EIN) for a legal entity.
Treasury Department Issues Regulations Regarding Deferral of Capital Gain Invested in Qualified Opportunity Zone Property
November 2018 The “Tax Cuts and Jobs Act” (“TCJA”) passed by Congress in December 2017 included a new incentive designed to encourage investment in economically distressed geographic areas designated as Qualified Opportunity Zones (“QOZ”).
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