Tax relief may be coming for issuers and holders of debt instruments and parties to derivatives and other financial contracts governed by LIBOR (the London Interbank Offered Rate). The IRS published new proposed regulations on October 9 to address tax concerns as parties have begun to modify financial instruments’ reference rates in anticipation of a
White and Williams attorneys discuss steps the commercial lending industry can take to prepare for recession.
Temple Law Professor, Alice Abreu, discusses tax reform changes this tax season.
In the 2019 Fogel Lecture, Dana Trier, former Deputy Assistant Secretary for Tax Policy at the U.S. Department of the Treasury, urged the audience to give the “grand experiment” of §199A of the 2017 Tax Cuts and Jobs Act (which provides a deduction for qualified business income from pass-through entities) a chance, despite potentially troubling ambiguities.
The New Jersey Superior Court, Appellate Division, has affirmed the Tax Court’s decision in Kraft Foods Global Inc., in which a taxpayer’s deduction for related-party interest expense was disallowed for corporation business tax purposes (decision available here). Background The only issue before the court was whether the Division of Taxation (the “Division”) properly added back
Matt Brinker (LAW ’12) and Beth Cohen discuss why becoming a “B Corp” may be the right choice for today’s mission-driven entrepreneurs
Temple 10-Q editor Jonathan Broder (LAW ’83) discusses the impact of deregulation and tax cuts on business lawyers
Temple Law professors discuss the impact of the GOP tax bill
Temple Law Professors Alice Abreu and Richard Greenstein discuss the IRS Taxpayer Bill of Rights.
It’s still a guessing game. William C. Hussey, II (LAW ’97) discusses the potential tax implications under the Trump Administration.