Searching Content indexed under Capital Gains Tax by Day Pitney LLP ordered by Published Date Descending.
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IRS Releases Second Set Of Proposed Regulations Regarding Qualified Opportunity Funds
On April 17, the IRS issued proposed regulations that provide new guidance for investors seeking to invest in qualified opportunity funds (each, a QOF), a new investment program designed to incentivize long-term investment ...
United States
24 Apr 2019
IRS Releases Proposed Regulations On Qualified Opportunity Zones
The IRS also issued a revenue ruling and a new form in connection with this regime.
United States
8 Nov 2018
As Fund Managers Await Regulations, Key Questions Surface With Qualified Opportunity Funds
As part of the Tax Cuts and Jobs Act, signed into law by President Trump on December 22, 2017, Congress introduced new tax incentives designed to encourage long-term investments in low-income American communities.
United States
4 Oct 2018
Connecticut Receives Federal Approval For All Qualified Opportunity Zone Nominations
On May 18, Connecticut Governor Dannel Malloy announced that the U.S. Department of the Treasury approved all 72 "Qualified Opportunity Zones" that had been nominated by his administration...
United States
3 Jul 2018
Tax Court Declines To Follow IRS Ruling On Foreign Partner's Redemption Gain
In a significant setback for the IRS, the U.S. Tax Court held in a July 13 opinion that a foreign corporation did not have to pay U.S. tax on gain realized from the redemption of a partnership interest.
United States
24 Jul 2017
Estate Planning Update - July 2013
Because of the uncertainty over the future of the federal estate, gift and generation-skipping transfer (GST) tax exemptions through the end of last year, many individuals made significant taxable gifts to trusts for their families in an attempt to capture the then current $5,120,000 federal exemption amounts before a possible decrease.
United States
19 Jul 2013
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