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McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices, industries and more than 20 locations to deliver highly effective—and often unexpected—solutions that propel success. More than 1,200 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.

Weekly IRS Roundup April 27 – May 1, 2020


By on May 5, 2020
Posted In IRS Guidance, Tax Refunds, Uncategorized

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 27 – May 1, 2020. Additionally, for continuing updates on the tax impact of COVID-19, please visit our resource page here. April 28, 2020: The IRS published Large Business and International (LB&I) Process Unit...

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Thank You to Our Readers


By on Apr 30, 2020
Posted In Uncategorized

We greatly appreciate our readers over the past year and are pleased to share that we were recently recognized as the #1 Firm for tax thought leadership in the 2020 JD Supra Readers’ Choice Awards, which acknowledge top authors and firms for their thought leadership in key topics during all of last year. In addition, partner...

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Weekly IRS Roundup April 20 – April 24, 2020


By on Apr 27, 2020
Posted In Court Procedure Matters, IRS Guidance, Uncategorized

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 20 – April 24, 2020. Additionally, for continuing updates on the tax impact of COVID-19, please visit our resource page here. April 21, 2020: The US Tax Court proposed amendments to its Rules of...

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Weekly IRS Roundup April 13 – April 17, 2020


By on Apr 21, 2020
Posted In IRS Guidance, Uncategorized

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 13 – April 17, 2020. Additionally, for continuing updates on the tax impact of COVID-19, please visit our resource page here. April 16, 2020: The CARES Act made several modifications to net operating losses...

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Weekly IRS Roundup April 6 – 10, 2020


By on Apr 13, 2020
Posted In IRS Guidance, Tax Refunds, Uncategorized

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 6 – 10, 2020. Additionally, for continuing updates on the tax impact of COVID-19, please visit our resource page here. April 8, 2020: The IRS announced that four LB&I campaigns related to agricultural chemicals...

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Weekly IRS Roundup March 30 – April 3, 2020


By on Apr 7, 2020
Posted In IRS Guidance, Tax Refunds, Uncategorized

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of March 30 – April 3, 2020. Additionally, for continuing updates on the tax impact of COVID-19, please visit our resource page here. March 30, 2020: Economic impact payments will be sent out over the next...

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Weekly IRS Roundup March 23 – 27, 2020


By on Mar 30, 2020
Posted In Court Procedure Matters, IRS Guidance, Uncategorized

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of March 23 – 27, 2020. Additionally, for continuing updates on the tax impact of COVID-19, please visit our resource page here. March 23, 2020: The US Tax Court cancelled trial sessions from May 4, 2020...

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Weekly IRS Roundup March 16 – 20, 2020


By on Mar 23, 2020
Posted In Court Procedure Matters, IRS Guidance, Tax Refunds, Uncategorized

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of March 16 – 20, 2020. Additionally, for continuing updates on the tax impact of COVID-19, please visit our resource page here. March 17, 2020: The IRS published Rev. Rul. 2020-9 to provide various prescribed rates...

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Weekly IRS Roundup March 9 – 13, 2020


By on Mar 16, 2020
Posted In Court Procedure Matters, IRS Guidance, Uncategorized

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of March 9 – 13, 2020. March 10, 2020: The IRS published a practice unit on how to compute the alternative minimum foreign tax credit. The public unit includes the framework for computing such alternative minimum...

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Weekly IRS Roundup March 2 – 6, 2020


By on Mar 9, 2020
Posted In IRS Guidance, Uncategorized

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of March 2 – 6, 2020. March 2, 2020: The US Treasury Department and the IRS released tax year 2018 statistics to the public, including both individual income tax returns (Form 1040’s) filed through mid-November of...

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