Pallav Raghuvanshi

May 8, 2024 | mondaq.com | Timothy Donovan |Carl J. Riley |Jennifer Weiss |Pallav Raghuvanshi

Go-To Guide: New regulations narrow FIRPTA exemption for domestically controlled REITs Controversial proposed look-through rule for domestic C corporations is retained, but softened Upstream entities are characterized as either "look-through persons" or "non-look-through persons" Important 10-year transition relief added Under U.S. tax law, gains recognized by foreign persons and entities upon the disposition of investments in certain U.S. assets (e.g., corporate stock and securities) are...

May 2, 2024 | lexology.com | Timothy Donovan |Carl J. Riley |Jennifer Weiss |Pallav Raghuvanshi

Go-To Guide: New regulations narrow FIRPTA exemption for domestically controlled REITs Controversial proposed look-through rule for domestic C corporations is retained, but softened Upstream entities are characterized as either “look-through persons” or “non-look-through persons” Important 10-year transition relief added Under U.S. tax law, gains recognized by foreign persons and entities upon the disposition of investments in certain U.S. assets (e.g., corporate stock and securities) are...

Jan 19, 2024 | natlawreview.com | Pallav Raghuvanshi

On Jan. 16, 2024, the U.S. Treasury Department and the Internal Revenue Service (IRS) announced the delay of the requirement for persons engaged in a trade or businesses to report information related to the receipt of digital assets on IRS Form 8300, Report of Cash Payments Over 10,000 Received in a Trade or Business.

Sep 5, 2023 | natlawreview.com | Pallav Raghuvanshi

Tuesday, September 5, 2023 On Aug. 25, 2023, the Internal Revenue Service (IRS) and the Treasury Department issued proposed regulations (the Proposed Regulations) regarding the sales or exchanges of digital assets, including cryptocurrency. The Proposed Regulations relate to both information reporting requirements and the determination of amount realized, basis, and backup withholding.