A couple of months back, a local business reporter asked whether I could identify one kind of corporate transaction that was occupying more of my time than any other. When I asked whether they were referring to any specific industry, form of M&A transaction,[i] or type of buyer,[ii] they replied that they were
Taxation of a Medical Marijuana Business – How Will the Ninth Circuit Hold?
The Stage is Set
On December 3, 2019, Taxpayer timely[i] filed a notice of appeal from a decision of the U.S. Tax Court that had been entered approximately two months earlier.[ii]
Because Taxpayer is a corporation, the Tax Court’s decision will be reviewed by the Court of Appeals for the Ninth Circuit, which
Taxpayer: “It’s Worthless” IRS: “Wrong, We See Value There” Is Value in the Eye of the Beholder?
“Ten, Nine, Eight . . .”
This is the final weekend of the final month of the final year of the decade. As the clock ticks away the hours, many folks are busy returning gifts, planning New Year celebrations, scheduling college bowl game parties, debating who was the best quarterback of the decade,[i] ignoring
Carried Interest, Qualified Small Business Stock, And Excluded Gain: So Happy Together?
Water, Water Everywhere, Nor Any Drop to Drink[i]
At the beginning of every week, after posting that week’s article, I start to think about a topic for the next post. There are times when I struggle to find something that may be appealing in and of itself, or that may, perhaps, provide a vehicle
Sale of a Contract: Ordinary v. Capital – Round Two
A couple of years ago, this blog carried an article that briefly considered whether the gain realized by a taxpayer on the sale of a contract should be treated as ordinary income or capital gain for tax purposes.[i]
As it turned out, that piece has been one of the most popular articles that we
Lou Vlahos Quoted in an LIBN Article on Shareholder Spin-offs
Tax Law for the Closely Held Business blog author Lou Vlahos was extensively quoted in a Long Island Business News article entitled “Spin Doctors.” The article was published in the December 6-12, 2019, edition of the print publication and online.
Below is an excerpt of the article:
A whole is often better than the sum
The Death of a Partner: Out With the Old Taxable Year, In With the New?
A Tale of Two Estate Taxes: Federal & New York
As we approach the end of 2019, I am reminded that this was supposed to have been the year in which New York’s estate tax exclusion amount was to have become the same as the federal estate tax exclusion amount.[i] As things turned out, it didn’t come close, but that wasn’t Albany’s fault, not
Business Donates Partnership Interest to Charity, Partnership Sells Real Property, NYC Taxes Charity on the Sale?
“Charitable Behavior”
Our society is fortunate that so many business owners are charitably inclined.
In many cases, their charitable activities are motivated purely by a desire to help others, whether the object of their assistance is a favorite social welfare agency, museum, school or university, religious institution, hospital, scientific research organization, or you name it.
Business Donates Partnership Interest to Charity, Partnership Sells Real Property, NYC Taxes Charity on the Sale?
“Charitable Behavior”
Our society is fortunate that so many business owners are charitably inclined.
In many cases, their charitable activities are motivated purely by a desire to help others, whether the object of their assistance is a favorite social welfare agency, museum, school or university, religious institution, hospital, scientific research organization, or you name it.