Our Tax Practice is different from that of most major law firms – we go beyond just answering tax questions by providing independent, practical advice, tailored to each client’s local and global business objectives.

We hope you find benefit from this issue of our Tax Update, addressing federal and international tax issues.


Biden Administration Takes Big Step by Proposing Clean Energy Tax Incentives

By: Anne Loomis

The Treasury Department recently released “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals,” known as the “Green Book,” which includes detailed information about the Biden Administration’s tax proposals. This article discusses the energy tax proposals included in the Green Book.

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Final Section 162(f) Regulations Set Forth Deductibility Rules for Payments Involving Government Investigations

By: Lisa Petkun

The rules for deducting payments involving government investigations were substantially tightened by the amendments to Section 162(f) made by the TCJA. Final regulations issued in January 2021 have fleshed out the rules. The regulations provide guidance on the information that must be contained in the court order or settlement agreement, the type of supporting information that the taxpayer must have, and the information return that must be filed by the government to report the payment.

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