Searching Content indexed under Corporate Tax by Morgan Lewis ordered by Published Date Descending.
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IRS, Treasury Issue Guidance On ‘Business Interest Expense' Limitation
The US Department of the Treasury and the Internal Revenue Service on April 2 issued "Initial Guidance Under Section 163(j) as Applicable to Taxable Years Beginning After December 31...
United States
24 Apr 2018
Illinois Weighs In On Federal Tax Reform
The Illinois Department of Revenue has published guidance on the impact of federal tax reform on Illinois taxpayers, including with respect to the repatriation transition tax ...
United States
22 Mar 2018
IRS Makes Changes To EIN Application Process
The Internal Revenue Service issued new instructions for the Employer Identification Number application process in December 2017.
United States
6 Mar 2018
States Urge FERC To Reduce Public Utility Rates Following Tax Reform
Nineteen states have asked FERC to modify public utilities' FERC-regulated cost-of-service revenue requirements to reflect the recent reduction in the federal corporate income tax rate.
United States
18 Jan 2018
Tax Reform Legislation Addresses UBIT And Segregation Of UBTI Investments
Adopting the Senate's approach, tax reform legislation will not require governmental pension plans to be subject to unrelated business income tax, and tax-exempt entities subject to tax on unrelated business...
United States
3 Jan 2018
Tax Reform Bill Proposes To Eliminate UBTI Exemption For Government Plans
House bill, if enacted, will alter tax analysis with respect to fund investments.
United States
10 Nov 2017
IRS And Treasury Issue Guidance Regarding CFC And PFIC Investments By RICs
The recently proposed regulations, if finalized, would govern the treatment of RICs' income inclusions in respect of CFCs and PFICs for purposes of the income test applicable to RICs.
United States
4 Oct 2016
IRS Announces Fines Paid To FINRA Are Not Deductible
Fines pertaining to violations of federal securities laws and certain FINRA rules may not be deducted.
United States
8 Aug 2016
New York State Tax Reform Update
Qualified manufacturers subject to the New York State Business Corporation Tax may now pay no tax on business income earned in New York.
United States
23 May 2014
Tax Reform Options For Tax-Exempt Organizations
Senate Finance Committee issues tax reform paper setting forth challenges, goals, and possible measures affecting tax-exempt organizations and charitable giving.
United States
30 Jun 2013
IRS Releases "Start Construction" Guidance For Renewable Energy Facilities
The Internal Revenue Service has recently released Notice 2013-29,1 which provides taxpayers with guidance as to when construction will be deemed to have "started" for certain renewable energy facilities eligible for the production tax credit or investment tax credit.
United States
29 Apr 2013
IRS Issues Proposed Regulations Clarifying Performance-Based Equity Compensation Exception To Section 162(m)
On June 24, the Internal Revenue Service (IRS) issued proposed regulations clarifying the scope of the performance-based compensation exception to the $1 million deduction limit under Internal Revenue Code (Code) Section 162(m).
United States
11 Jul 2011
Favorable Tax Treatment of Certain Small Business Stock Extended for One Year
Signed into law on December 17, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the Act) extends the temporary favorable tax treatment of gain resulting from the sale of qualified small business stock initially provided by the Small Business Jobs Act of 2010.
United States
5 Jan 2011
New Law Temporarily Expands Favorable Tax Treatment of Certain Small Business Stock
The Small Business Jobs Act of 2010 (the Act), signed into law on September 27, includes a provision that expands the existing favorable tax treatment of gain resulting from the sale of qualified small business stock.
United States
1 Nov 2010
Section 338(h)(10) Elections for S Corporations: Traps for Nonresident Shareholders Under a Changing State Law Landscape
Taxpayers and advisors should give careful consideration to the changing landscape of state taxes in the context of elections under 26 U.S.C. § 338(h)(10) (hereafter I.R.C. § 338(h)(10)), a common taxplanning technique for taxable stock acquisitions.
United States
4 Oct 2010
IRS Wants a Roadmap: Proposes Broad Disclosure of Uncertain Tax Positions on Returns and Guts Restraint Policy on Tax Accrual Workpapers
On January 26, the Internal Revenue Service (IRS) announced its intention to require corporate taxpayers to disclose all uncertain tax positions on a new schedule to be attached to the yearly tax return.
United States
8 Mar 2010
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