With taxes, the present can affect the past. Our Federal Tax Group takes note of a little-known rule that could allow disaster losses from 2020’s COVID-19 pandemic to be used as losses for 2019.
- An introduction to Section 165(i)
- The expansion of Section 165(i)
- Expect guidance from Treasury
Read the full advisory here.
Alston & Bird has formed a multidisciplinary response and relief team to advise clients on the business and legal implications of the coronavirus (COVID-19).