LexisNexis® Legal Newsroom
Peter Miller
A Real Crisis Looms: Can Americans Tolerate a Beer Tax Increase?

Lawmakers are looking at a beer tax, as well as a soft drink tax. Certain lifestyle choices considered to be out of favor are at risk of costing us more. They are ostensibly proposed to offset poor lifestyle decisions that contribut to escalating medical...

Miller, Anderson, Warren, and Parten
Addressing Risks of Intermediaries Filing for Bankruptcy in Section 1031 Exchanges

What happens when you engage in a tax-free Section 1031 exchange and your qualified intermediary (QI) declares bankruptcy while holding the proceeds from the sale of your property? 1 According to a Virginia bankruptcy court, unless the exchange agreement...

Peter Miller
Distressed Economy Drives Georgetown SALT Conference Policy Themes

The influence of economic distress on themes at the 2009 Georgetown Advanced State and Local Tax Institute was palpable. Difficulties in balancing the compelling need to generate revenue with the waning ability of taxpayers to carry the burden were evident...

LexisNexis Tax Center
LexisNexis Tax Advisor – Federal Topical: Employer-Provided Health Plan Premium Assistance Included in Stimulus Bill For Individuals Involuntarily Terminated From Employment.

LexisNexis Tax Advisor – Federal Topical: Employer-Provided Health Plan Premium Assistance Included in Stimulus Bill For Individuals Involuntarily Terminated From Employment. The American Recovery and Reinvestment Act of 2009 requires employer...

LexisNexis Tax Center
LexisNexis Tax Advisor-Federal Code: IRC Sec. 172(b)’s Allowance For Eligible Small Businesses (ESB) To Elect A 2008 Net Operating Loss Carryback

Rev. Proc. 2009-26 and Rev Proc 2009-19 both deal with the allowance for eligible small businesses (ESB) to elect a 2008 net operating loss carryback for three, four, or five years, offsetting taxable income in those preceding taxable years. Rev. Proc...

Joseph J. Calvanico
Using the State of the Real Estate Industry For Tax Advantages

The downturn started with residential real estate and still continues. In fact, by many measures 2008 was one of the worst years in decades for the housing and homebuilding industry. Worse yet, 2009 appears to be more challenging. More so because the...