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Agricultural Law and Taxation Blog
Extended Livestock Replacement Period Applies in Areas of Extended Drought – IRS Updated Drought Areas
OverviewEach year, by the end of September, the IRS provides guidance on the extension of the replacement period under I.R.C. §1033(e)(2)(B) for livestock sold on account of drought, flood or…
Tax Controversy Report
Tax Court to Revisit Problematic Economic Substance Ruling
By Meeren Amin
Last October, a District Court in Colorado turned the economic substance doctrine on its head. In Liberty Global, Inc. v. US, a District Court granted the Government’s motion for summary…
Nonprofit Law Prof Blog
Schmalbeck on IRC 7428 Declaratory Judgements
Schmalbeck is out with an excellent report about tax exemption in Tax Notes this week. He explores the boundaries of tax exemption by use of a comprehensive catalog of all…
Federal Regulatory & Enforcement Insider
Two Federal District Courts Stay DOL Fiduciary Rule
By Nathaniel Segal, Jacob C. Tiedt, Mark Quade, Jake W. Wiesen, Devin Eager
On July 25, 2024, the U.S. District Court for the Eastern District of Texas stayed the U.S. Department of Labor’s (DOL) recently-issued final rule, set to take effect September 23, 2024,…
Dollars & Sense
Breaking Up Is Not Always Hard To Do—Consider A Tax-Free Corporate Division
By Admin
Disagreements happen. In the corporate context, one or more shareholders may share a different vision for the company than the other shareholders. Or, there may be acrimony amongst the shareholders…
The Insightful Immigration Blog
The Perils of Claiming the Foreign Earned Income Exclusion When Sponsoring an Immigrant on an Affidavit of Support
By Cyrus Mehta
By Cyrus D. Mehta and Kaitlyn Box* Although most U.S. citizens and lawful permanent residents must pay U.S. taxes on their worldwide income, the foreign earned inclusion exclusion (“FEIE”) allows…
Nonprofit Law Prof Blog
Does Students for Fair Admissions Create “Clearly Defined Public Policy?”
The holding in Students for Fair Admissions – that affirmative action in college admissions violates the Constitution – is slowly making its way towards a showdown over tax exemption for…
Compensation & Benefits Blog
Reminder: Is Your Individually Designed 403(b) Plan Eligible for a Determination Letter?
By Jesse T. Foley, Katrina McCann
Plan sponsors of Code Section 403(b) tax-sheltered annuity plans (“403(b) plans”) that have not already done so may want to consider applying for an IRS determination letter or planning and…
Nonprofit Law Prof Blog
In Defense of GLAAD
Well! It looks like I got my facts all mixed up in this post as it originally appeared. I said that GLAAD President and CEO Sarah Kate Ellis (pictured above),…
Nonprofit Law Prof Blog
American Health Law Association: Tax Issues for Health Care Organizations
The AHLA Tax Issues for Health Care Organizations conference, [September 23, 2024] is designed to serve the unique needs of taxation advisors who work with health care nonprofits. This 2…