Posts in March, 2020

Mar 29 Congress Passes $2 Trillion CARES Act with Significant Tax and Labor Relief for Businesses and Individuals

by John Anthony Castro, J.D., LL.M. On March 25, 2020, the Senate passed the Coronavirus Aid, Relief, and Economic Security ...

Mar 27 How to Claim 2020 Recovery Rebate Checks

by John Anthony Castro, J.D., LL.M. Introduction On Wednesday, March 25, 2020, the U.S. Senate approved (96-0) a massive $2 ...

Mar 27 The Legal Definition of a Qualifying Child under Section 24(c)

by John Anthony Castro, J.D., LL.M. Introduction Many provisions under the Internal Revenue Code condition a deduction or credit ...

Mar 25 IRS Issues FAQs & Updated Guidance On Extension Of April 15 Tax Deadlines Due To Novel Coronavirus (Covid-19)

by John Anthony Castro, J.D., LL.M. IRS Notice 2020-18 (March 20, 2020) On March 20, 2020, the IRS issued Notice 2020-18, which ...

Mar 23 New IRS Guidance Regarding Certain Tax-Favored Foreign Trusts

by John Anthony Castro, J.D., LL.M. In new IRS guidance, certain foreign trusts receive a significant break from information ...

Mar 14 Draft Regulations for Form 3520

by John Anthony Castro, J.D., LL.M. Castro Exclusive Castro & Co. has a draft version of regulations under Internal Revenue Code ...