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LexisNexis Tax Law Community Staff
The Challenge of Taxing the Sharing Economy

by Jessica L. Kerner, J.D., LL.M. * In 2007, a hotel room shortage in San Francisco prompted two roommates to create a website to rent out air mattresses in their apartment. Less than eight years later, the company they founded, Airbnb, has been valued...

Diane L. Mutolo
Property Acquired from a Decedent and the Consistent Basis Requirement

Under IRC Section 1014, the basis of property acquired from a decedent is the fair market value of the property on the date of the decedent's death. [ IRC § 1014(a)(1) .] The provisions of IRC Section 1014, along with the Treasury Regulations...

LexisNexis Tax Law Community Staff
Global Positioning of IP

by William H. Byrnes IV and Marvin Petry * @ A multinational enterprise is ordinarily organized as a parent company having subsidiaries, branches, or joint ventures in foreign locations where the enterprise may have employees, agents, business assets...

State Net
State Net Capitol Journal – April 4, 2016; Changing Economics of Recycling Could Soon Impact States

Budget & Taxes Changing Economics of Recycling Could Soon Impact States For years recycling programs have allowed cities, counties and states to improve the environment while saving money on landfill fees and even making money from the sale...

Withers Bergman LLP Tax Practice
Recourse or Non-Recourse? The Limited Scope of Partnership Liability Regs

by Marc T. Finer and Ryan M. LoRusso Albert Einstein once said “[t]he hardest thing in the world to understand is the income tax." Nowhere is this truer in the Internal Revenue Code than in the context of the recourse versus nonrecourse...

Withers Bergman LLP Tax Practice
Tax Risks Challenge Small Captive Insurers

by Marc T. Finer , William J. Kambas , and Ryan M. LoRusso A captive insurance company is an insurance company formed primarily or exclusively to insure the risks of one or more affiliated businesses. Many larger companies form captive insurance companies...