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Pepper Hamilton Trusts & Estates Practice Group
Congress Considers Multiple Proposals for Changing the Estate Tax

Under current law, for 2009 the estate tax exemption is $3.5 million and the tax rate is 45 percent. However, the law also provides that the estate tax will be repealed entirely for persons dying in 2010 and reinstated with a $1 million exemption and...

Steven D. Bortnick & Timothy J. Leska
Stop Tax Haven Abuse Act Would Chill Investment in U.S. Funds

Last month, Sen. Carl Levin (D-Mich.) introduced the Stop Tax Haven Abuse Act (S. 506). His stated purpose for the act is to “stop tax cheats who drain our treasury of funds needed to pay for our recovery” and targets “off-shore tax...

LexisNexis Tax Center
Bender’s State Taxation: Principles and Practice: Financial Institutions Face Multiple State Tax Nexus Issues

Bender’s State Taxation: Principles and Practice : Financial Institutions Face Multiple State Tax Nexus Issues State and local taxation of financial institutions over the years has been marked by judicial and legislative intervention. Today...

Neil Aragones
IRC Sec. 382 Applied to Corporations With Treasury-Acquired Instruments

The IRS has provided additional guidance on the application of IRC Sec. 382 to corporations with instruments acquired by the Treasury Department as part of the 2008 stimulus package. Notice 2009-38, 2009 IRB LEXIS 182 (April 13, 2009) * , amplifies and...

LexisNexis Legal Business Community Staff
LexisNexis® Tax Law Center Podcast featuring Dr. Charles (Chuck) Swenson of the University of Southern California and the National Tax Credit Group on the social and economic impact of location-based tax credits and incentives

On this edition, Chuck Swenson describes federal and state location-based tax incentives in the context of current distressed economic conditions and constitutional issues in litigation. He also addresses tax credit and incentive opportunities the private...

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Neil Aragones
IRS Provides First-Time Homebuyer Credit Guidance

The IRS has released on its website ( http://www.irs.gov ) guidance on the first-time homebuyer credit, which was enacted as part of the Housing and Economic Recovery Act of 2008 and expanded by the American Recovery and Reinvestment Act of 2009 . The...