As election year gets into full swing, we are reminded that it isn’t just the Federal Election Commission political action committees (PACs) need to worry about. Our Federal Tax Group examines the tax pitfalls for tax-exempt organizations and one … [Continue reading] about Political Action Committees
From Obscurity to Spotlight: The Section 962 Election
In case you missed it's release right before the President's Day holiday weekend, our International Tax Group addressed an election under Section 962 available to individual U.S. shareholders of certain foreign corporations to be taxed as a C … [Continue reading] about From Obscurity to Spotlight: The Section 962 Election
Taxpayer Win on Retroactivity: An Important Step for New York Tax Law
Earlier this week, our State & Local Tax Team examined the New York Appellate Division’s rejection of the state’s attempt to retroactively unwind already-claimed taxed credits after a New York court invalidates the state’s retroactive application … [Continue reading] about Taxpayer Win on Retroactivity: An Important Step for New York Tax Law
Bonus Depreciation
Our Federal Tax Group points out that for every upside, there’s a downside, even for bonus depreciation. We consider unexpected avenues to explore under proposed regulations. Investment bankers aren’t impressed The bird-in-the-hand benefit … [Continue reading] about Bonus Depreciation
The BEAT (Still) Goes On – New Final and Proposed BEAT Regulations
Earlier this week, our International Tax Group analyzed some of the most interesting and significant provisions of the new Treasury and IRS regulations for the base erosion and anti-abuse tax. Clarifications about base erosion payments … [Continue reading] about The BEAT (Still) Goes On – New Final and Proposed BEAT Regulations