Final regulations identifying certain partnership related-party “basis shifting” transactions as transactions of interest subject to the rules for reportable transactions, the IRS issued. Material ...

Some related-party 'basis shifting' arrangements are now considered 'transactions of interest' per the IRS's final regulations.

On December 23, 2024, the Tax Court ruled in Denham Capital Management LP v. Commissioner (T.C. Memo. 2024-114)[1], that limited partners that actively participated in the activities of a fund manager ...

The board’s governance and nominating committee will benefit from the general counsel’s briefing on the latest development ...

As Texas has emerged as the leader in battery storage growth, League City is poised to add two facilities to benefit the city's energy grid.

Guernsey has long been one of the world's premier jurisdictions for investment funds - There are a number of advantages for ...

Welcome to our 17th annual edition of the Top 10 business divorce cases featured on this blog over the past year. This ...

In Europe’s thriving startup ecosystem, the road from concept to success is laden with opportunities—and challenges. European ...

The Institute of Chartered Accountants of India (ICAI) has proposed tax reforms to promote climate change mitigation, a ...

A partnership is one of the most common forms of business organization, characterized by two or more individuals coming ...

A lawyer in New York needs help paying off her loans from law school. Are educational assistance programs the answer?