Capital Markets Tax Quarterly

Volume 3, Issue 2

Mayer Brown’s Capital Markets Tax Quarterly provides capital markets-related US federal tax news and insights. In this issue of CMTQ, we look at Q2 2020.

We discuss:

• Update on US Tax Relief for COVID-19  
• Proposal to Reactivate the New York Stock Transfer Tax       
• Rev. Proc. 2020-19 – IRS Cash Limitation Percentage for REITs and RICs          
• Rev. Proc. 2020-34 – Relief for Certain Modifications of Mortgages and Leases            
• Nareit Recommendations for IRS Priority Guidance Plan       
• IRS Delays Certain QI Certifications Due in 2020 and Issues FAQs to Confirm Postponement of QDDs Periodic Review 
• US v. Bittner: Favorable District Court Ruling on Non-Willful FBAR Penalty 
• Final Section 199A Regulations Address RICs Holding REITs 
• IRS Releases Final and Proposed Anti-Hybrid Tax Regulations