Schumer Says Bipartisan House Tax Bill Is Not Dead
Senate Majority Leader
Tax Management Memo
Latest Tax Journals
Proposed Green Energy Tax Credit Regs Would Tighten Requirements
Recent Treasury regulatory proposals for clean energy vehicle and production tax credits should allow continuation of the investment boom in the related industries while implementing provisions toward conservation goals. The guidance is intended to further President Biden’s Investing in America agenda, support U.S. jobs, and bolster energy production and security while reducing energy costs for American consumers.
Need an Asset Valuation? Make Sure to Get What You Pay For!
If a tax-exempt client needs a professional valuation of an asset, your understanding of how the IRS is going to regard the valuation — and the professional providing it — will be critical in ensuring the benefit of this action.
Trump Tells CEOs He Would Cut Corporate Tax Rate to 20%
Investing in Renewable Energy Tax Credits Without Recaptures
While the risk of recapture of tax credits in the renewable energy market is a major concern to many investors, it is highly manageable.
New REIT Rule May Challenge Foreign Investment in US Real Estate
A new IRS final rule affecting domestically controlled real estate investment trusts may significantly limit their use and thereby make U.S. real property less attractive for foreign investors.
Baker McKenzie Adds Partner Emmanuel Sala to Firm’s Tax Practice
Emmanuel Sala has joined Baker McKenzie’s North American tax practice as a partner in its Toronto office, the firm said Thursday.
IRS Provides Insight Into Treatment of Transferable Incentives
In an internal advice on the tax treatment of a pharmaceutical company’s incurred costs in purchasing from a third party a voucher to get expedited review of a new product, the IRS Chief Counsel’s Office provides insight into the treatment of transferable incentives generally.
Help Clients Confront Morbid Life Truths to Protect Their Assets
There are two types of clients: those who plan ahead and those who don’t. Those who do, usually save first and then spend what’s left over and those who don’t usually spend first and then save what’s left over.
Direct Pay Bond Issuers May Call Early After Sequester of Credit
The Supreme Court’s recent denial of certiorari to the petition filed by plaintiffs in Indiana Municipal Power Agency v. United States lets stand the decision from the lower courts allowing many issuers of Direct Pay Build America Bonds to employ extraordinary call provisions that are applicable given a material change in the law governing BAB subsidies.
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