Clients may be inclined to use a Section 409A valuation for gift tax purposes. After all, both valuations aim to determine ...

On January 14, 2025, the Internal Revenue Service and the US Treasury Department issued proposed regulations under Section 162(m) of the Internal Revenue Code (Code) to implement changes under the ...

On January 7, 2025, the U.S. Department of Treasury (Treasury) and the Internal Revenue Service (IRS) released final regulations [TD 10024] (Final Regulations) providing guidance on the Clean ...

Starting today, the Internal Revenue Service (IRS) has officially opened the gates for 2025 tax filings. In light of the recent One Big Beautiful Bill Act signed by the President, experts are strongly ...

On January 14, 2025, the Department of the Treasury and the Internal Revenue Service issued proposed regulations (Proposed Regulations) relating to the expansion of the definition of “covered ...

The final regulations retain the general framework of the proposed regulations, with some important modifications based upon comments from industry members. The acquisition and retirement of energy ...

Section 162(m) of the Internal Revenue Code prohibits a publicly held corporation from taking compensation-related tax deductions with respect to the compensation of a “covered employee” to the extent ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Taxes are an unavoidable part of life for most people. You could, however, get out of paying income tax if you're deemed ...

Attribution rules look to prevent the creation of business ownership structures that run contrary to Internal Revenue Code ...

IRS Private Letter Ruling 202550004 addresses tax implications when charitable trust distributes all assets to private ...