Financial Instruments and Strategies/Accounting Periods and Methods

Mayer Brown partners James Barry, Steven Garden, Mark Leeds and Michael Lebovitz participate in TEI’s Financial Instruments and Strategies/Accounting Periods and Methods on March 3, 2020.  The following topics will be covered:

• The Proposed Regulations on Advance Payments & Book-Tax Conformity.  How do the new regulations affect the timing of income and deduction recognition?
• The Code § 987 qualified business unit rules. How can taxpayers minimize unwanted exchange gains and losses after the new proposed regulations?
• Qualified Opportunity Zones. Investing in low-income communities with tax deferred gains and in a tax-advantage manner. This panel will focus on the final regulations and proposals for increased transparency.  What changes are expected down the road?
• Code § 163(j) and the new limitations on the deduction of interest. Navigating the rules for partnerships and affiliated groups filing consolidated federal income tax returns.
• The Base Erosion & Anti-Abuse Tax. The final regulations dramatically change the landscape. Exploring the rules for deduction waivers and other changes. LIBOR Transition. The World’s Most Important Number is about to be discontinued. What are the tax issues after the initial set of IRS rules?

For more information please visit the event website.