Page 51 - Internal Revenue Code Section News Today

Press release content from Business Wire. The AP news staff was not involved in its creation. SandRidge Permian Trust Announces Distribution of Net Asset Sale Proceeds in February 2021 February 1, 2021 GMT HOUSTON--(BUSINESS WIRE)--Feb 1, 2021-- SANDRIDGE PERMIAN TRUST (OTC Pink: PERS) today announced a distribution of approximately $3.9 million, or $0.075 per unit, reflecting the fair value to the Trust, less cash reserves withheld by the Trust as described below, received by the Trust for the...

To embed, copy and paste the code into your website or blog: Blank Rome’s annual estate and tax planning newsletter discusses certain concepts and techniques that should be considered in 2021 by our clients and friends in California. We first discuss perhaps the most important recent development, which was the outcome of the 2020 “Blue Wave” Election that gives the Democratic Party control of the presidency and Congress. In view of the massive federal bailouts that have occurred and are l...

A major boon for PPLI policies. The recent appropriations bill (H.R. 133) and COVID-19 relief provisions, signed into law on Dec. 27, 2020, included a significant change to the interest rate assumptions underlying Internal Revenue Code Section 7702.  These interest rates provide the parameters for a contract to qualify as a life insurance policy for income tax purposes. The effect will be to increase the amount of premium that can be deposited into a life insurance policy for a given am...

To embed, copy and paste the code into your website or blog: On December 27, 2020, the Consolidated Appropriations Act, 2021 ("CAA" or the "Act") was signed into law. The 2,100+page CAA is made up of 32 Divisions. The significant business and individual taxpayer related provisions are in Division EE, known as the Taxpayer Certainty and Disaster Tax Relief Act of 2020, and Division N, which includes the COVID-related Tax Relief Act of 2020 and the Economic Aid to Hard-Hit Small Businesses, Nonpr...

To embed, copy and paste the code into your website or blog: On December 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (the “Economic Aid Act”) became law. The economy continues to struggle from the effects of the coronavirus pandemic. This new law provides additional support to many small businesses. So far in the month of January alone, the Treasury Department (the “Treasury”) and the Small Business Administration (SBA) have issued over 200 pages o...

Prologis Announces Tax Treatment of Liberty Property Trust 2020 Dividend News provided by Share this article Share this article SAN FRANCISCO, Jan. 25, 2021 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced the tax treatment of Liberty Property Trust (NYSE: LPT) 2020 distributions to holders of its Common Shares. In February 2020, Prologis announced that it had completed its all-stock acquisition of Liberty Property Trust for $13.0 billion,...

News Category Global Banking & Finance Reviews Landmark Infrastructure Partners LP Announces Quarterly Distribution; Schedules Fourth Quarter 2020 Earnings Release and Conference Call Landmark Infrastructure Partners LP Announces Quarterly Distribution; Schedules Fourth Quarter 2020 Earnings Release and Conference Call EL SEGUNDO, Calif., Jan. 22, 2021 — Landmark Infrastructure Partners LP (the “Partnership”) (NASDAQ: LMRK) announced today that the board of directors of its general partne...

Wednesday, January 20, 2021 This week, President Biden takes office, making combatting COVID-19 his top priority. Employers are also planning ways to incentivize employee vaccination. Biden Proposes $1.9 Trillion Spending Package Last week, President Biden released a wide-ranging plan for combating the next medical and economic stages of the COVID-19 pandemic. His “American Rescue Plan” includes $400 billion for testing and vaccines, direct payments of $1,400 per eligible individu...

Advertisement Section 162(m) Final Regulations Clarify Grandfathering Rules to Compensation Payable under Account Balance and Nonaccount Balance Nonqualified Plans Thursday, January 14, 2021 Pubic companies that sponsor nonqualified deferred compensation plans with grandfathered benefits will want to be aware of helpful payment guidance in the Internal Revenue Code Section 162(m) final regulations. The final regulations, which were published in the Federal Register on December 30, 202...

Pubic companies that sponsor nonqualified deferred compensation plans with grandfathered benefits will want to be aware of helpful payment guidance in the Internal Revenue Code Section...