United States: "Transfer Of Partnership Interest For Services Revisited - Part II," By Leigh Griffith, Taxes Magazine

2025 may well be the most consequential year in the history of US tax policy, at least since the establishment of the income tax through the 16th Amendment in 1913.

In the Federal Budget released on April 16, 2024, it was announced that the capital gains inclusion rate will be increased from 1/2 to 2/3 effective June 25, 2024.

As a number of debt instruments issued several years ago in a relatively low interest rate environment now have their maturity date approaching in a much higher interest rate environment, borrowers are increasingly seeking to amend existing debt facilities to extend such maturities as an alternative to refinancing.

On April 12, 2024, the Internal Revenue Service began notifying thousands of taxpayers that their tax return information was subject to a data breach perpetrated by an independent contractor...

Late last week, the Internal Revenue Service ("IRS") and Department of the Treasury released final regulations relating to transfers of certain tax credits pursuant to Section 6418...

For many couples, getting married is one of the most important events of their lives. There are venues to book, guests to invite and registries to submit.