The proposed Inflation Reduction Act’s corporate alternative minimum tax base is financial accounting income that does not incorporate the Internal Revenue Code’s favorable exemption and deferral tax incentives for investments in qualified opportunity funds. Alan S. Lederman of Gunster, Yoakley & Stewart, P.A. says this adverse treatment of QOFs arguably is inconsistent with the CAMT’s treatment of similar socially oriented Code incentive programs that are within the Code’s CAMT-creditable general business credit.
When former President Donald Tump’s ex-wife, Ivana Trump, was buried at Trump National Golf Club Bedminster, theories surfaced that the grave’s location could result in tax exemptions. Berkowitz Pollack Brant’s Luke Lucas shares why the golf club doesn’t qualify as a cemetery company and thus is not eligible for those tax breaks.
Two recent federal appeals court cases involving the US Securities and Exchange Commission have rocked the world of administrative law. They also have shown that it’s time to restore the separation of prosecutorial and adjudicative powers, say New Civil Liberties Alliance’s Peggy Little and Kara Rollins.
Kristin Bagull has joined Dykema Gossett PLLC as a member of the taxation and estates practice group in Chicago, the firm announced Monday.
Allison Stelter has rejoined Hunton Andrews Kurth LLP as a counsel in the business tax group in the Richmond, Va., office, the firm announced Thursday.
Brown Schultz Sheridan & Fritz has hired three staff accountants and two audit staff accountants across its Pennsylvania offices, the firm announced Thursday.
Registration has now opened for the first virtual 2022 Fall Tax Exempt Organizations Symposium, which will be held Sept. 8, the American Bar Association announced Friday.
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