Overview
The US Congress and the Trump administration have implemented sweeping changes to US tax law. Mayer Brown's Tax Reform Roadmap highlights developments in the tax reform process and provides access to detailed observations and analysis by Mayer Brown lawyers who have a deep understanding of US tax law and current legislative initiatives.
2020 | |||
December 21 |
Mayer Brown Analysis: Back in the Game: New York State Considers Pass-Through Entity Tax |
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October 27 |
Mayer Brown Analysis: IRS Releases Final Withholding Tax Regulations on Sales of Partnership Interests |
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August 20 |
Mayer Brown Analysis: IRS Issues Final Regulations Addressing Business Interest Expense Deduction Limitation |
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2019 | |||
December 26 |
Mayer Brown Analysis: IRS Issues Final Qualified Opportunity Fund Regulations |
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December 11 |
Mayer Brown Analysis: IRS Issues Final BEAT Regulations & Proposes Deduction Waiver Rules |
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September 11 |
Mayer Brown Analysis: Analysis of New IRS Tax Accounting Rules |
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June 6 |
Mayer Brown Analysis: IRS Issues Proposed Regulations Regarding Withholding Under Section 1446(f) |
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January 22 |
Mayer Brown Analysis: The Public-Private Partnership Infrastructure Exception to the Internal Revenue Code Section 163(j) Interest Deduction Limitation |
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January 18 |
Mayer Brown Analysis: General Explanation of Public Law 115-97 |
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January 8 |
Mayer Brown Analysis: Treasury Adds Color to Grecian Repeal – Proposed Regulations Implement New Section 864(c)(8) for Sale of Partnership Interests by Foreign Partners |
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January 2 |
Mayer Brown Analysis: IRS Releases Proposed Anti-Hybrid Regulations |
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2018 | |||
December 18 |
Sections 1441 and 1461, FATCA IRS Issues Proposed Regulations Reducing Burdens Under FATCA, Chapter 3 Official Document: REG-132881-17 Mayer Brown Analysis: Treasury Releases Proposed Regulations on Foreign Tax Credits under New International Tax Rules |
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December 14 |
Section 959 IRS Issues Guidance on Previously Taxes Earnings and Profits Official Document: Notice 2019-1 |
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December 13 |
Section 59A IRS Issues Proposed Regulations on Base Erosion and Anti-Abuse Tax Official Document: REG-104259-18 |
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December 7 |
Section 83(i) IRS Issues Guidance on Tax Benefit for Stock Options and Restricted Stock Units Official Document: Notice 2018-97 |
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November 28 |
Section 904 IRS Issues Proposed Regulations on Foreign Tax Credits Official Document: REG-105600-18 |
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November 26 |
Section 163(j) IRS Issues Proposed Regulations on Business Interest Expense Deduction Limit Official Document: REG-106089-18 Mayer Brown Analysis: High-Level Overview of the Proposed Regulations on Interest Deduction Limitation Rules |
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October 31 |
Section 956 IRS Issues Proposed Regulations Reducing Income Inclusions for Certain CFC Shareholders Official Document: REG-114540-18 Mayer Brown Analysis: Proposed Regulations Change Calculus of Section 956’s “Deemed Dividend” for US Corporate Shareholders |
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October 19 |
Section 1400Z-2 IRS Issues Proposed Regulations on New Opportunity Zone Tax Incentive Official Document: REG-115420-18 Mayer Brown Analysis: Window of Opportunity: The IRS Issues Initial Guidance on Qualified Opportunity Zone Rules |
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October 3 |
Section 274 IRS Issues Guidance on Tax Cuts and Jobs Acts Changes on Business Expense Deductions for Meals, Entertainment Official Document: Notice 2018-76 |
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October 1 |
Mayer Brown Analysis: Tax Reform Income Acceleration Provision Inapplicable to Accrued Market Discount |
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September 27 |
Section 451(b) IRS Intends to Issue Proposed Regulations on Market Discount Official Document: Notice 2018-80 Mayer Brown Analysis: Tax Reform Income Acceleration Provision Inapplicable to Accrued Market Discount |
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September 21 |
Mayer Brown Analysis: Can You Simply Remove GILTI Income from Your State Tax Base (New York and Elsewhere)? |
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August 8 |
Section 199A, 643 IRS Issues Proposed Regulations on New 20 Percent Deduction for Passthrough Businesses Official Document: REG-107892-18 |
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August 3 |
Section 168(k) IRS Issues Proposed Regulations on New 100 Percent Depreciation Official Document: REG-104397-18 |
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August 2 |
Mayer Brown Analysis: Gain Deferral Using Qualified Opportunity Zone Investment Strategies |
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August 1 |
Section 965 IRS Issues Proposed Regulations Implementing Section 965 Official Document: REG-104226-18 |
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June 20 |
Mayer Brown Analysis: New Jersey: Huge Tax Increase Pending |
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May 23 |
Section 164 IRS Issues Notice on State and Local Tax Deductions Official Document: Notice 2018-54 Mayer Brown Analysis: IRS to Propose Regulations on Certain States' SALT Deduction Charitable Contribution Workaround |
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May 1 |
Mayer Brown Analysis: IRS Previews Life Settlement Reporting Regulations |
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April 26 |
Section 6050Y IRS Describes New Tax Reform Information Reporting Requirements for Certain Life Insurance Contract Transactions and Provides Transitional Guidance Delaying Reporting until Final Regulations are Issued Official Document: Notice 2018-41 Mayer Brown Analysis: IRS Previews Life Settlement Reporting Regulations |
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April 2 |
Section 965 IRS Issues Additional Guidance on Transition Tax on Foreign Earnings Official Document: Notice 2018-26 |
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Section 163(j) IRS Issues Guidance on Business Interest Expense Limitations Official Document: Notice 2018-28 Mayer Brown Analysis: New Guidance on Interest Deduction Limitation Under Section 163(j) |
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Section 1446(f) IRS Issues Guidance on Withholding on the Transfer of Partnership Interests by Foreign Persons Official Document: Notice 2018-29 |
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March 12 |
Mayer Brown Analysis: The Impact of Tax Reform on Leveraged Lending Transactions |
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March 1 |
Section 1061 IRS Announces Carried Interest Limitations Apply to S Corps Official Document: Notice 2018-18 |
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February 13 |
Sections 442 and 951 IRS Issues Guidance on Accounting Period Changes Under Transition Tax Official Document: Rev. Proc. 2018-17 |
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February 8 |
Sections 1400Z-1 and 1400Z-2 IRS Issues Guidance on Nomination Process for Qualified Opportunity Zones Official Document: Rev. Proc. 2018-16 |
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February 7 |
Joint Committee on Taxation Releases Overview of 2018 Federal Tax System Official Document: Overview of the Federal Tax System as in Effect for 2018 |
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February 5 |
Mayer Brown Analysis: The Tax Act Changes the Game for Transfer Pricing |
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January 31 |
Mayer Brown Analysis: The Impact of Tax Reform on Securitization and Other Financing Transactions - What You Need to Know |
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January 31 |
Section 54C IRS Withdraws New Clean Renewable Energy Bond Solicitations Official Document: Notice 2018-15 |
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January 29 |
Sections 3402 and 3405 IRS Extends Withholding-Exemption Period Official Document: Notice 2018-14 |
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January 19 |
Section 965 IRS Issues Additional Guidance on Transition Tax on Foreign Earnings Official Document: Notice 2018-13 Mayer Brown Analysis: The Impact of Tax Reform: What Equipment Leasing Companies Need to Know |
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January 11 |
Section 3401 IRS Releases 2018 Income Tax Withholding Tables Reflecting Tax Reform Changes Official Document: Notice 1036 |
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January 9 |
Mayer Brown Analysis: How the Tax Cuts and Jobs Act Will Impact Outsourcing |
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2017 | |||
December 29 |
Section 965 IRS Issues Guidance on Transition Tax on Foreign Earnings Official Document: Notice 2018-07 |
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Sections 864 and 1446 IRS Issues Guidance Suspending Withholding for Dispositions of PTP Interests Official Document: Notice 2018-08 |
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December 22 |
Joint Committee on Taxation Releases a Dynamic Score of Conference Agreement Official Document: JCT's Macroeconomic Analysis of Conference Agreement |
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President Trump Signs the Tax Bill into Law Mayer Brown Analysis: "The Good, the Bad and the Ugly"—Fundamental Tax Reform Is Enacted Into Law Mayer Brown Analysis: Government Settlements - Tax Reform Brings New Restrictions on Deductibility Mayer Brown Analysis: SEC Staff Issues Guidance on Accounting and Reporting Impacts of Tax Cuts and Jobs Act |
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December 20 |
House Votes Again (224 to 201) to Pass the Modified Tax Bill Official Document: Enrolled Bill |
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Senate Votes (51 to 48) to Pass the Tax Bill (with minor modifications) Official Document: Senate Amendment |
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December 19 |
House Votes (227 to 203) to Pass the House-Senate Tax Bill |
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December 15 |
Conference Committee Releases House-Senate Tax Bill Official Document: Tax Bill and Explanation Official Document: Joint Committee on Taxation's Estimated Budget Effects and Distributional Effects of the Conference Agreement Mayer Brown Analysis: 2018 and Onward: The Impact of the House-Senate Compromise Tax Plan on the Renewable Energy Market |
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December 13 |
Republican Leaders Reach an Agreement to Settle Differences Between the House- and Senate-Passed Bills |
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December 11 |
Joint Committee on Taxation Releases a Dynamic Score of House-Passed Tax Plan Official Document: JCT's Macroeconomic Analysis of House Bill |
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December 7 |
Joint Committee on Taxation Releases Comparisons of the House- and Senate-Passed Tax Plan Official Document: JCT Comparison of provisions of the bills Official Document: JCT Comparison of revenue effects of the bills (released 12/11/2017) |
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December 6 |
Senate Votes to Set Up the Conference Committee (51-47) |
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December 4 |
House Votes to Form the Conference Committee (222 to 192) |
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December 2 |
Senate Passes Senate Tax Plan on a 51–49 Vote Official Document: Joint Committee on Taxation's Estimated Revenue Effects of Senate-Passed Tax Plan Official Document: Tax Bill (substitute amendment) as passed by Senate Mayer Brown Analysis: Senate Bill Passage Takes Tax Reform One Step Closer to Reality Mayer Brown Analysis: Senate's Tax Bill's Impact on the Tax Equity Market: Five Differences from the House Bill |
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December 1 |
Senate Releases Tax Bill Amendment Before the Vote Official Document: Tax Bill Amendment Official Document: Joint Committee on Taxation's Estimated Revenue Effects of Modified Senate Tax Plan |
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November 30 |
Joint Committee on Taxation Releases a Dynamic Score of Senate Tax Plan Official Document: Joint Committee on Taxation's Macroeconomic Analysis of Senate Bill |
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November 29 |
Senate Votes to Open Debate on Senate Tax Plan (52 to 48) Official Document: Tax Bill (revised) as considered by Senate |
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November 16 |
Senate Finance Committee Approves Senate Tax Plan Official Documents: Joint Committee on Taxation's Estimated Revenue Effects of Senate Tax Plan and Distributional Effects of Senate Tax Plan Official Document: Tax Bill as reported to the Senate floor Official Document: Section-by-Section Summary |
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House Passes Tax Bill Official Document: Tax Bill as passed by House Official Document: Section-by-Section Summary Official Documents: Joint Committee on Taxation's Estimated Revenue Effects and Distributional Effects of House Bill Mayer Brown Analysis: A Sisyphean Task: The House of Representatives Passes Tax Reform Legislation |
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November 14 |
Senate Finance Committee Chairman Hatch Releases Modifications to Senate Tax Plan Official Document: Additional comments from Chairman Hatch (corrected rate tables) Official Documents: Joint Committee on Taxation's Estimated Revenue Effects and Distribution Effects of the Chairman's Amendment to Senate Tax Plan Mayer Brown Analysis: The Drama Continues: Senate Finance Committee Chairman's Mark Includes Proposals That Would Dramatically Impact Executive Compensation Programs |
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November 9 |
House Ways and Means Chairman Brady Releases Second Amendment to Tax Bill Official Document: Additional Amendment from Chairman Brady Official Documents: Joint Committee on Taxation's Estimated Revenue Effects and Distributional Effects of the Chairman's Amendment |
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House Ways and Means Committee Approves Tax Bill |
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Senate Finance Chairman Hatch Comments on the Bill Official Documents: Description of the Chairman's Mark of the "Tax Cuts and Jobs Act" and Summary Official Documents: Joint Committee on Taxation's Estimated Revenue Effects and Distribution Effects of the Chairman's Mark Mayer Brown Analysis: A Good Piece of Music? The Senate Releases Its "Conceptual Mark" for 2018 Tax Reform Mayer Brown Analysis: US Employment Litigation Round-Up for October 2017 |
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November 7 |
House Ways and Means Chairman Brady Comments on Tax Bill Official Document: Comments from Chairman Brady |
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November 2 |
House Republicans Introduce Tax Bill Official Document: House Tax Bill Official Document: Joint Committee on Taxation's Description of the House Tax Bill Official Document: Joint Committee on Taxation's Estimated Revenue Effects of the House Tax Bill Mayer Brown Analysis: The 2017 Federal Tax Legislation: A First Look Mayer Brown Analysis: GOP Tax Bill Proposes Changes to the Renewable Energy Industry's Tax Incentives |
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October 26 | House Adopts Senate-Approved Budget Resolution | ||
October 19 | Senate Passes Budget Resolution | ||
2017 |
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