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When a taxpayer purchases a debt instrument in the secondary market at a discount to its face amount, the discount generally is subject to tax under special “market discount” rules.

The partnership was formed as a limited liability company and treated as a partnership for U.S. federal income tax purposes.

Nonprofit organizations with highly compensated employees or executives about to retire and collect a large payout may be subject to tax on what the Internal Revenue Service

New York State has formally enacted a $150 million expansion of the Broadway Tax Credit program as part of its FY 2027 budget, bringing total state commitment to approximately $550 million since 2021.

In a recently released technical advice memorandum, the IRS ruled that reliance on counsel must be reasonable in order to seek abatement of excise taxes resulting from an excess benefit transaction.

Companies with Massachusetts security corporation subsidiaries are often asked by lenders to pledge as security for a loan their shares of stock in the security corporation subsidiaries.

Anticipating that the reduction of the corporate tax rate to 21% would result in taxpayers eager to cast aside their S elections in favor of C corporation treatment...

We have already blogged about many of the direct impacts that the Tax Cuts & Jobs Act has had on the municipal bond market

Recently, the Treasury Department and Internal Revenue Service issued long-awaited final regulations under Internal Revenue Code Section 409A. The Treasury and IRS have been working on these final regulations for over 18 months, since they issued the proposed regulations under 409A in late September 2005.

Between 1984 and 1996, the government of the United Kingdom, under the control of the Conservative Party, privatized ownership of more than 50 state-owned companies by making public offerings of their stock.

​Ireland was recently stunned with the news that Apple owed it 13 billion euros it did not want.

A corporation may elect S status for federal income tax purposes in order to operate on a "flow-through" basis for tax purposes.

Partners Regina Olshan and Joseph Yaffe and associate Michel Wiesner take a look at executive compensation issues in the start-up ...

The new corporate alternative minimum tax (CAMT) creates incentives for large companies to allocate more value to amortizing intangible assets...

The Securities and Exchange Commission's Investor Advisory Committee announced a virtual public meeting to be held on December 8, 2022 to discuss several investor-related matters.

With the April 15 deadline for calendar year Pennsylvania Corporate Tax Report (RCT-101) filers right around the corner, it is worth remembering that the Pennsylvania Capital Stock/Foreign Franchise Tax ("CS/FFT") has finally been allowed to expire for tax years beginning after December 31, 2015.

Earlier this month, the Office of Chief Counsel of the Internal Revenue Service released a Memorandum clarifying the impact of a correction of a Code Section 409A operational failure before the date of vesting...