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Nov 8, 2024 | 
jdsupra.com | Roger David Aksamit |Elizabeth C. Crouse |James Dawson
November 8, 2024 Roger Aksamit, Elizabeth Crouse, James Dawson, Nicole Elliott, Sanaa Ghanim, Alex Lewis, Bryan Marcelino, Lee Meyercord, Mary Kate Nicholson, Joshua Odintz, Kenneth Parsons, Ryan Phelps, Rachel Provencher, Bradley Seltzer, Amish Shah, Daniel Strickland Holland & Knight LLP + Follow x Following x Following - Unfollow Contact To embed, copy and paste the code into your website or blog: The U.S. Department of the Treasury and IRS on Oct. 28, 2024, published final regulations...
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Oct 25, 2024 | 
jdsupra.com | Roger David Aksamit |Elizabeth C. Crouse |James Dawson
The U.S. Department of the Treasury and IRS on Oct. 24, 2024, released Final Regulations regarding the Section 45X Advanced Manufacturing Production Credit of the Internal Revenue Code. The Final Regulations are effective 60 days after publication in the Federal Register.
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Oct 8, 2024 | 
jdsupra.com | Roger David Aksamit |Elizabeth C. Crouse |James Dawson
The U.S. Department of the Treasury and IRS on Sept. 19, 2024, released proposed regulations under Section 30C of the Internal Revenue Code providing important clarity on the changes made by the Inflation Reduction Act (IRA). Section 30C, the Alternative Fuel Vehicle Refueling Property Credit, was substantively modified as a result of the IRA.
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May 31, 2024 | 
jdsupra.com | James Dawson |Abbey Benjamin Garber |Jessica Kirk
The U.S. Tax Court recently issued an opinion in Parkway Gravel Inc. v. Commissioner, respecting the structure of a gravel company's sale of a land parcel known as the Freeway Pit. In finding for the taxpayer, the Tax Court rejected the IRS argument that either the common law "conduit" doctrine or the "sham transaction" doctrine should apply to recharacterize the transaction.
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May 20, 2024 | 
jdsupra.com | James Dawson |Abbey Benjamin Garber |Jessica Kirk
The Liberty Global appeal has practitioners and taxpayers concerned that the economic substance doctrine will be applied to disallow the tax benefits of ordinary course of business decisions and disrupt basic tax planning. This trend will be particularly troubling for transactions that are motivated in significant part by tax credits or other tax benefits under the Inflation Reduction Act. The Liberty Global Inc. v.
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Mar 25, 2024 | 
jdsupra.com | Alan S. Cohen |James Dawson
A U.S. Tax Court decision entered on Feb. 20, 2024, held that bond issuance and related financing costs incurred in connection with the development of a low-income housing tax credit (LIHTC) project are includible in eligible basis, regardless of whether the bonds are taxable or tax-exempt. The holding reverses a longstanding Technical Advice Memorandum (TAM) first issued by the IRS in 2000. A U.S. Tax Court decision entered on Feb. 20, 2024, in 23rd Chelsea Associates LLC v.
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Dec 18, 2023 | 
hometownsource.com | James Dawson
User information Contact information Country United States of AmericaUS Virgin IslandsUnited States Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth of theCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People's Socialist Republic ofAlgeria, People's Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory South of 60 deg S)Antigua and BarbudaArgentina, Argentine...
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Oct 3, 2023 | 
mondaq.com | Lee S. Meyercord |Mary McNulty |Abbey Benjamin Garber |James Dawson
The IRS announced a "sweeping" and
"historic" enforcement effort focused on partnerships and
is establishing a special group within its Large Business and
International (LB&I) Division to focus exclusively on large and
complex pass-through entities.
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Oct 2, 2023 | 
lexology.com | Lee S. Meyercord |Mary McNulty |Abbey Benjamin Garber |James Dawson
The IRS announced a "sweeping" and "historic" enforcement effort focused on partnerships and is establishing a special group within its Large Business and International (LB&I) Division to focus exclusively on large and complex pass-through entities.
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Mar 23, 2023 | 
idahoednews.org | James Dawson |Carly Flandro |Kevin Richert |Sadie Dittenber
The Idaho Department of Health and Welfare is suing Attorney General Raúl Labrador’s office to halt its investigation into the agency’s administration of $36 million in federal childcare grants. You can find both legal documents here and here. Labrador’s Chief of Civil Litigation, Lincoln Wilson, issued civil investigative demands on March 3 to IDHW Director Dave Jeppesen, as well as Deputy Director Jennifer Palagi and division administrator Shane Leach.
