LexisNexis® Legal Newsroom
Peter Miller
Nominal Stimulus Impact Expected From Tax Refund Season

Don't expect this year's tax-filing season to jolt the economic stimulus movement. In an April 13th address, Internal Revenue Service Commissioner Doug Shulman noted that tax refunds usually "kick-start the economy" in the spring. But...

David Altman
The Confidentialilty Privilege for Federal Tax Practitioners

Congress adopted IRC Section 7525, which specifically extends the common-law attorney-client privilege for communications to federal tax practitioners. The common law attorney-client privilege applied only to attorneys, and did not extend to other kinds...

Nixon Peabody LLP
Nixon Peabody Names Washington, DC Partner Kenneth Silverberg New Global Tax Practice Leader

Washington, DC. International law firm Nixon Peabody LLP announces that Washington, DC, partner Kenneth H. Silverberg has been selected to lead the firm’s Global Tax practice group. Mr. Silverberg, a tax attorney and a veteran of practice as a...

Locksley A. Rhoden
Florida Documentary Stamp Tax: Deed Recordation and IRC Sec. 1031 Exchanges

Florida applies documentary stamp taxes to deeds, mortgages or other lien obligations filed or recorded in the state. Because an Internal Revenue Code (IRC) Section 1031 like-kind exchange transaction includes a tax-free exchange of property and recordation...

Steven D. Bortnick & Timothy J. Leska
Levin Levies Another Attack on Carried Interests

Barely a week after Senate Finance Committee Chairman Max Baucus (D-Mont.) and committee Ranking Member Charles Grassley (R-Iowa) questioned the utility of subjecting the income earned by fund managers through “carried interests” to tax at...

Tags: Funds
CorelliHussaWarren
Frequent Fund Transfers and Redemptions Creating PTP Status Concerns

One consequence of the so-called “denominator effect” and the need for liquidity generally in light of the current precipitous recession has been the proliferation of redemptions and transfer requests by fund investors. Investment managers...

Tags: Funds