The Treasury Department and the IRS issued today highly anticipated proposed regulations regarding "Qualified Opportunity Zones."

On June 27, 2017, in a unanimous decision, the Oklahoma Supreme Court reversed the Oklahoma Tax Commission and held that an individual taxpayer could take a capital gain deduction for the proceeds...

On June 27, 2017, in a unanimous decision, the Oklahoma Supreme Court reversed the Oklahoma Tax Commission and held that an individual taxpayer could take a capital gain deduction for the proceeds that he received...

After 2021-2 was posted to our website, another article on the subject was published by Lee Sheppard. Woke Wealth Taxation, Tax Notes Federal, July 19, 2021, p. 357.

As has been the case over the last couple of years, opportunity zone ("OZ") investments have been the subject much interest from taxpayers and investors during 2021.

In this episode of GeTtin' SALTy, host Nikki Dobay is once again joined by listener favorite, Morgan Scarboro, V.P. of Tax Policy at MultiState Associates...

The Internal Revenue Service ("IRS") announced a new electronic filing platform for Form 15620 to make an election pursuant to Section 83(b) of the Tax Code.

The IRS issued Rev. Proc. 2014-17, which provides taxpayers with rules for filing method changes for dispositions of tangible depreciable property.

The New Jersey Tax Court has held that the gain from a deemed asset sale was non-operational income and therefore not subject to apportionment.

This outline provides a plain English summary of the tax provisions of subpart J of the Code governing the taxation of foreign currency gain or loss arising in international operations...

Real Reporter published "Op Funds Expand Deferral Paths for CRE Investors" by Paul Bauer and Matt Morris on November 29, 2018. Below is an excerpt from the article:

The United States Senate passed the Inflation Reduction Act of 2022 (Act) on August 7, 2022.

The Protecting Americans From Tax Hikes Act of 2015 (the "PATH Act"), expected to be soon passed by Congress and signed into law by President Obama, permanently extends the 100% exclusion for gain...

Recent legislative proposals—the CLARITY Bill and the GENIUS Act—are designed to bring more clarity to how digital assets are regulated in the United States

Islame Hosny, an associate in Pryor Cashman's Tax Group, wrote an article, "Qualified Opportunity Zones: A Critical Tax Analysis of the Capital Gain Requirement," that appears in the Spring 2023 issue of the Rutgers Business Law Review.

On July 11, 2017, the Indiana Tax Court held that the Indiana Department of Revenue erred in reclassifying a corporation's gain on a 2001 sale of a subsidiary from nonbusiness income to business income.

The IRS on May 29 released Notice 2015-41, which provides guidance on the proper reporting and treatment of capital gain dividends from regulated investment companies (RICs).

In the comprehensive tax reform proposal by Representative Camp issued yesterday, Section 409A would be repealed.

Through the lens of his extensive expertise in professional services malpractice, Partner James S. O'Brien, Jr. conducted an analysis ...

Treasury recently delivered two sets of proposed regulations to the Office of Management and Budget for review, bringing them closer to public release.