Category Archives: Tax
Final Section 336(e) Regulations Allow Step-Up in Asset Tax Basis in Certain Stock Acquisitions
Final regulations were issued last month under IRC Section 336(e). These regulations present beneficial planning opportunities in certain circumstances. For qualifying transactions occurring on or after May 15, 2013, Section 336(e) allows certain taxpayers to elect to treat the sale, exchange or distribution of corporate stock as an asset sale, much like a Section 338(h)(10) …
Comprehensive Immigration Reform Proceeds to Senate Floor, Heated Debate Expected to Follow
On June 11th, the U.S. Senate voted to move the “Border Security, Economic Opportunity, and Immigration Modernization Act” (S. 744), the comprehensive immigration reform bill drafted by the “Gang of Eight,” to the floor for debate, where it is expected to face dozens of amendments in the coming weeks. The final vote to begin debate …
National Law Forum
