Section 162(m) was revised as part of the tax reform bill passed at the end of 2017 to place additional limitations on the ability of certain corporations to deduct amounts in excess of $1 million paid to officers of a corporation.

This Bottom Line videocast discusses:

The changes made to the Internal Revenue Code by the Tax Cuts and Jobs Act (TCJA) included a number of modifications to the rules associated with income recognition. Although the TCJA codified certain taxpayer-favorable methods (i.e., the Deferral Method under Rev. Proc. 2004-34), the revised Section 451(b) likely will result in an acceleration of taxpayers’ historic recognition of income. In light of these changes and the changes, made under ASC 606 regarding revenue recognition for financial accounting purposes, taxpayers now more than ever should be reviewing and evaluating their treatment of items of income and expense to ensure they are complying with the new law, while also utilizing the most advantageous methods.

This Bottom Line videocast discusses:

On March 23, 2018, Congress passed long-sought legislation, the Small Business Credit Availability Act, as part of its omnibus spending bill. The Small Business Credit Availability Act includes various changes to regulations under the federal securities laws that impact Business Development Companies (BDCs). 

This Bottom Line videocast discusses the impacts to include:

Civil and criminal enforcement of Foreign Bank and Financial Accounts (FBAR) violations are on the rise. This Bottom Line videocast discusses the changes to the rules impacting FBAR filing obligations and the impact of the changes on potential penalties, including: 

The state and local tax (SALT) implications of federal tax reform are numerous, yet still often unclear. With states releasing new law and guidance about federal tax reform, taxpayers must stay abreast of this very dynamic area of law.

Initial public offerings (IPOs) by Special Purpose Acquisition Companies, or SPACs, are growing at their most robust rate since before the financial crisis, giving more visibility to a once remote corner of the IPO market.

In this Bottom Line videocast, Eversheds Sutherland (US) attorneys Cynthia Krus discusses:

In the past few months, investment company structures known as interval funds have become popular among money managers.

This Bottom Line videocast discusses:

Private business development companies (BDCs) are an alternative way to raise capital without conducting a public offering or going through the exchange listing process. 

This Bottom Line videocast discusses:

On March 13, 2018, the Eversheds Sutherland Capital Markets and Investments team hosted a webcast on private business development companies (BDCs). 

The webcast included an overview on: 

In light of the major changes to the Internal Revenue Code (the Code) resulting from the recent enactment of the Tax Cuts and Jobs Act (TCJA), now more than ever, companies have the opportunity to revisit their treatment of income and expenses to ensure they are properly applying the Code and taking advantage of the many opportunities available to them as a result of the TCJA. 

This Bottom Line videocast discusses: