Gabriel Grossman

Sep 1, 2023 | mondaq.com | Gabriel Grossman |Sean Kelly McKeever

On August 30, 2023, the U.S. Treasury Department (the "Treasury") and the Internal Revenue Service (the "IRS") published proposed regulations in the Federal Register1providing updated guidance on the prevailing wage requirements and apprenticeship requirements (collectively, "PWA Requirements") for projects to receive increased clean energy tax credits added to the U.S. Internal Revenue Code (the "Code") by the Inflation Reduction Act of 2022 (the "IRA").

Jul 27, 2023 | mondaq.com | Patrick Ashby |Michelle Lo |Gabriel Grossman |Meredith Riley

The Internal Revenue Service (IRS) recently released a memorandum addressing the development of paid name, image and likeness (NIL) opportunities for collegiate student-athletes. While the memo explicitly states that the document "may not be used or cited as precedent," it concludes that many NIL collectives that develop paid NIL opportunities for student-athletes are not tax exempt (as described in section 501(c)(3) of the Internal Revenue Code of 1986 (the Code)).