October 23, 2018 On Friday, October 19, 2018, the IRS released proposed Treasury Regulations under sections 1400Z-1 and 1400Z-2 and Revenue Ruling 2018-29 to clarify several ambiguities relating to investments in qualified opportunity zones (“QOZs”): designated areas in low income communities. Interested investors in and organizers of qualified opportunity funds (“QOFs”) have anxiously awaited this […]
WASHINGTON, D.C. – October 11, 2018: Caplin & Drysdale announced today that Clark Armitage — a Member working primarily in the transfer pricing space — was named President of the Firm. “Throughout his years with the firm, Clark has been both a team player and a thoughtful leader,” remarked his predecessor, Beth Kaufman. “He is […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Anthony F. Cavanaugh of Linowes and Blocher LLP. Anthony has joined IR as our exclusive Real Estate Member in US – Maryland. Anthony F. Cavanaugh is a partner in the firm’s Commercial Litigation and Real Estate Practices. He focuses on complex […]
Join Our Alert Distribution List Caplin & Drysdale’s Newest Member Victor Jaramillo Serves Tax Controversy Needs of Global Community October 3, 2018 Clients value and rely on Mr. Jaramillo’s in-depth knowledge of U.S. tax law and his innovative approach to solving complex tax issues. His areas of focus for corporate clients include all forms […]
The U.S. Supreme Court has rejected a request to stay a prior federal district court opinion that vacated a key Federal Election Commission donor disclosure regulation. As noted in an earlier Client Alert, that district court ruling was issued last month by Judge Beryl Howell of the U.S. District Court for the District of Columbia, […]
The Tax Cuts and Jobs Act changed the way tax-exempt organizations calculate their unrelated business taxable income (UBTI). No longer can organizations follow the rules used by taxable entities and aggregate income and deductions from all of their unrelated trades or businesses. Rather, new code section 512(a)(6) requires organizations to separately compute their UBTI for […]
The Tax Cuts and Jobs Act changed the way tax-exempt organizations calculate their unrelated business taxable income (UBTI). No longer can organizations follow the rules used by taxable entities and aggregate income and deductions from all of their unrelated trades or businesses. Rather, new code section 512(a)(6) requires organizations to separately compute their UBTI for […]
By Kevin C. Maclay, Todd E. Phillips and Sally J. Sullivan Recently, in the Advance Watch bankruptcy, the Bankruptcy Court for the Southern District of New York ruled that a bankruptcy judge is authorized to enter a final default judgment in an adversary proceeding against a foreign defendant who failed to respond to a validly-served […]
By Kevin C. Maclay, Todd E. Phillips and Sally J. Sullivan Recently, in the Advance Watch bankruptcy, the Bankruptcy Court for the Southern District of New York ruled that a bankruptcy judge is authorized to enter a final default judgment in an adversary proceeding against a foreign defendant who failed to respond to a validly-served […]
Last week, a federal district court issued a ruling vacating a key Federal Election Commission donor disclosure regulation as inconsistent with the Federal Election Campaign Act of 1971, as Amended (“FECA”). Although the court’s ruling has not yet taken effect and is likely to be appealed, it is a notable development in the long-standing fight […]
We would like to take a moment to introduce Jim and welcome them to the network. Throughout his career, Jim Ries has grown an extensive network of experts, thought leaders, business owners, and entrepreneurs. As Director of Business Development at Offit Kurman Attorneys At Law, Jim increases the firm’s visibility, reach, and value by developing […]
By Kevin C. Maclay, Todd E. Phillips and Kevin M. Davis Recently, in Anderson v. Credit One Bank, N.A.,[i] the Second Circuit affirmed the denial of a credit card issuer’s attempt to compel arbitration of a discharged Chapter 7 debtor’s putative class action to enforce the bankruptcy discharge injunction. The Second Circuit found that arbitration […]