Advertisement Recently posted at the National Law Review by William R. Pomierski of McDermott Will & Emery an article about the IRS defending its decision not to designate independent system operators as qualified board or exchange: Advertisement The IRS defended its decision not to designate independent system operators asqualified board or exchange (QBE) principally on the grounds that, as a … Continue reading IRS Defends Discretion to Withhold Section 1256 Exchange Designation for ISOs