Tax Law

Recent Posts

IRS Issues Notice 2010-45 with Application Criteria for New Section 48D
Posted on 26 May 2010 by Todd B. Reinstein and Jeffrey P. Libson

On May 21, the Treasury Department released Notice 2010-45 (Notice) for guidance on the Qualifying Therapeutic Discovery Projects credits program under Section 48D. As we described in our April 6 Client Alert , to qualify for the credit, taxpayers... Read More

Caplin & Drysdale: LB&I Commissioner Provides Guidance to Examiners and Managers on the Codified Economic Substance Doctrine and Related Penalties
Posted on 10 Aug 2011 by Caplin and Drysdale

By Mark D. Allison , Christopher S. Rizek and Charles M. Ruchelman Waiting for Guidance As most tax practitioners are aware, the Health Care and Education Reconciliation Act of 2010 added new section 7701(o) of the Internal Revenue Code (the "Code"... Read More

New Rules on Extension of Health Plan Coverage to Children Up to Age 26
Posted on 13 May 2010 by Carol Weiser and Vanessa Scott

LEGAL ALERT May 12, 2010 An interim final rule implementing the mandatory extension of health plan coverage to children up to age 26, as passed under the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation... Read More

Fund Managers Not Yet Taxed on Carried Interest, But Tax Man May Be Coming Soon
Posted on 23 Apr 2010 by Laura D. Warren

Fund managers may be in good shape for 2010 ... although nothing is certain. On March 18, 2010, President Obama signed into law the Hiring Incentives to Restore Employment (HIRE) Act which, aside from providing businesses tax incentives to hire and... Read More