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Exempt Organizations Tax Court

Husch Blackwell LLP

U.S. Tax Court Finds "Disqualified Person" Definition For Nonprofit Excess Benefit Rules Is Expansive

Husch Blackwell LLP on

On May 17, 2021, the U.S. Tax Court issued a Memorandum Opinion in Vincent J. Fumo v. Commissioner, T.C. Memo. 2021-61, regarding the definition of a “disqualified person” under I.R.C. section 4958(a)(1). Managers of...more

McDermott Will & Emery

Plain and Simple: Maryland Tax Court Holds Insurance Company is Exempt from Corporate Income Taxes

McDermott Will & Emery on

Although taxpayers often complain that complying with the tax laws imposed by the numerous state and local taxing jurisdictions that exist in the United States is a burdensome process, many of these tax statutes also provide...more

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