Page 407 - Code Section News Today

The Internal Revenue Service (IRS) recently published Notice 2024-2, which provides guidance on several sections of the SECURE 2.0 Act of 2022. This article highlights some of the more...

On December 22, 2023, the Internal Revenue Service (IRS) published long-awaited proposed regulations for hydrogen tax credits under Internal Revenue Code (Code) Sections 45V and 48. The...

Bandera landowners push for court to intervene on solar farm project

On November 15, 2023, the Tax Court released its opinion in YA Global v. Commissioner and, among other conclusions, held that YA Global Investments LP, a Cayman Islands...

The budding cannabis industry, despite its rapid growth and gradual acceptance in recent years, still faces a major sustainability challenge: Cannabis businesses cannot deduct most...

A national study released in 2015 reported that “nearly half the residential purchases of over $5 million were made by shell companies rather than named people.”[ii] Because shell...

On December 22, 2023, the Department of the Treasury and the Internal Revenue Service (IRS) released a notice of proposed rulemaking and notice of public hearing containing proposed...

CHARLES TOWN — The West Virginia Supreme Court of Appeals has issued an order empaneling three judges to set a time to review and potentially take action authorized by West

YA Global Investments, LP ("YA Global"), a foreign investment fund that provided funding to portfolio companies in exchange for stock, convertible debentures, promissory notes and warrants...

On November 24, 2023, the IRS released PLR 202347001, ruling that certificates issued from an "exchange trust" qualify as stripped bonds...