Join Williams Mullen partners for our in-person Winter Tax Forum on Wednesday, January 31, 2024. Our speakers, Farhad Aghdami, Jenny Connors, Conrad Garcia and Beth Hungate-Noland will present on partnership aggregators and...more
Join our seasoned tax and estate planning attorneys on Wednesday, May 17th in Norfolk for the Williams Mullen Spring Tax Forum. Breakfast will be provided.
This program will dig into complex private equity structures, how...more
4/21/2023
/ Business Entities ,
Business Losses ,
Business Taxes ,
Continuing Legal Education ,
Convertible Debt ,
Estate Planning ,
Events ,
Partnerships ,
Private Equity ,
Safe Harbors ,
Tax Planning ,
Wealth Management
On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (Act) into law. The Act broadly addresses climate change, taxes, health care and inflation....more
8/19/2022
/ Biden Administration ,
Clean Energy ,
Climate Change ,
Defense Production Act ,
Energy Projects ,
Energy Tax Incentives ,
Environmental Protection Agency (EPA) ,
Federal Funding ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
Production Tax Credit ,
Renewable Energy ,
Renewable Energy Incentives ,
Tax Credits
Join the Williams Mullen Private Client and Fiduciary Services team for our annual Fiduciary Focus event. This year’s agenda is packed with insights on recent developments affecting fiduciaries – including tax law updates...more
2/8/2022
/ Art ,
Asset Management ,
Charitable Trusts ,
Continuing Legal Education ,
Cryptocurrency ,
Estate Planning ,
Fiduciary ,
Irrevocable Trusts ,
Opportunity Zones ,
Qualified Small Business Stock ,
Retirement Plan ,
Tax Legislation ,
Tax Litigation ,
Tax Planning ,
Webinars
As a practitioner who regularly advises clients on qualified opportunity zone (OZ) matters, I have spent the bulk of the past three years discussing ground lease structures. Developer clients initially cringed at the notion,...more
Please join us for the Spring Tax Forum to be held virtually on Tuesday, June 8, 2021. Register to join Jenny Connors, Philip Delano, Marie Yascko-Rosado and Kevin Bender for an informative discussion on the latest updates in...more
5/24/2021
/ Continuing Legal Education ,
Corporate Taxes ,
Income Taxes ,
Private Letter Rulings ,
Tax Exemptions ,
Tax Planning ,
Tax Rates ,
Transfer Taxes ,
UBIT ,
Wealth Management ,
Webinars
The IRS recently issued Notice 2021-10, giving opportunity zone (OZ) investors, qualified opportunity funds (QOFs) and qualified opportunity zone businesses (OZBs) further extensions of time under various OZ rules. This...more
The U.S. Department of Treasury and the Internal Revenue Service recently issued final regulations (“the Final Regulations”) regarding certain aspects of so-called carried interest under Section 1061 of the Internal Revenue...more
2/9/2021
/ Bona Fide Purchaser ,
Capital Gains ,
Carried Interest ,
Final Rules ,
Holding Periods ,
Internal Revenue Code (IRC) ,
IRS ,
Partnerships ,
REIT ,
Related Parties ,
Tax Cuts and Jobs Act ,
U.S. Treasury
Please join us for the Winter Tax Forum to be held virtually on Wednesday, January 27, 2021.
...join Anna Derewenda, Jenny Connors, Farhad Aghdami, and Kyle Wingfield for our virtual tax forum where they will cover recent...more
2020 has been an uncertain year on many fronts. As we head towards year-end, we’ve seen an uptick of questions and concerns from our clients on navigating potential rate changes that could occur pending the outcome of the...more
In Notice 2020-39, which was released on Thursday, June 4, 2020, the IRS provided critical relief to qualified opportunity zone (OZ) investors, qualified opportunity funds (QOF) and OZ businesses due to the COVID-19...more
The IRS has released 26 CFR Part 1, resolving questions regarding the five-year period to claim rehabilitation credits for qualified rehabilitation buildings (QRBs). Prior to the proposed regulation, practitioners were...more
In a series of related actions by the IRS designed to provide relief for taxpayers affected by the COVID-19 pandemic, the IRS, under its Code Section 7508A authority, issued Notice 2020-23 (the “Notice”). The Notice...more
The April 15 deadline for filing tax returns will be postponed until July 15, after comments from Treasury Secretary Steven Mnuchin and Notice 2020-18 posted March 20 by the IRS. This news follows Secretary Mnuchin’s...more
As part of the 2017 tax overhaul, provisions were put in place that allowed those holding property for rental purposes to write off up to a fifth of their rental income for tax purposes. The deduction was included in Code...more
10/18/2019
/ Business Taxes ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Partnerships ,
Pass-Through Entities ,
Property Owners ,
Real Estate Brokers ,
Real Estate Investments ,
Rental Income ,
Revenue Procedures ,
S-Corporation ,
Safe Harbors ,
Sole Proprietorship ,
Tax Deductions ,
Tax Reform
Seminar Topics Include:
• Recession Planning Considerations
• Opportunity Zone Update
• State and Federal Administrative Updates
• Estate Planning Update...more
On May 16, 2019, Jenny Connors will discuss opportunity zones at a Cherry Bekaert event at the Museum of Contemporary Art in Virginia Beach. Jenny will be joined by Cherry Bekaert partners Wesley Hudson and Ron Wainwright,...more
On April 17, 2019, the U.S. Department of Treasury and the Internal Revenue Service released their highly anticipated second tranche of qualified opportunity zone (“OZ”) proposed regulations.
This second set of proposed...more
4/23/2019
/ Capital Gains ,
Community Development ,
Investment Funds ,
IRS ,
Opportunity Zones ,
Proposed Regulation ,
Qualified Opportunity Funds ,
Real Estate Development ,
Real Estate Investments ,
Safe Harbors ,
Tax Cuts and Jobs Act ,
Tax Deferral ,
U.S. Treasury
Williams Mullen is pleased to present a webinar series that covers the various elements of merger and acquisition transactions, as well as trends we are seeing in this space. We hope to provide takeaways that you can apply to...more
On Friday, October 19, 2018, the U.S. Treasury Department issued its first tranche of qualified opportunity zone (“OZ”) proposed regulations.
Simultaneously, the IRS released Revenue Ruling 2018-29, which addresses the...more
10/25/2018
/ Capital Gains ,
Community Development ,
Economic Development ,
Internal Revenue Code (IRC) ,
IRS ,
Opportunity Zones ,
Proposed Regulation ,
Qualified Opportunity Funds ,
Real Estate Development ,
Real Estate Investments ,
U.S. Treasury
Today, October 19, 2018, the Treasury Department and the Internal Revenue Service (the “IRS”) issued proposed regulations on the qualified opportunity zone (“OZ”) tax incentive. In addition, the IRS issued Revenue Ruling...more
On Wednesday, October 17, 2018, the Office of Information and Regulatory Affairs of the Office of Management and Budget completed its review of the proposed qualified opportunity zone (“OZ”) regulations and sent them back to...more
Get your Halloween treat early in the day and join us for a Fall Tax Forum at the Williams Mullen Center on Wednesday, October 31. You’re invited to learn how to tame the tax monster when the program gets underway at 8:30...more
Today, it was announced that the proposed regulations for the qualified opportunity zone tax program (the “Program”) are being reviewed by the Office of Information and Regulatory Affairs (the “OIRA”) of the Office of...more
This program will address the designated Qualified Opportunity Zones in Virginia, the potential tax benefits to investors of Qualified Opportunity Zone Investments, the certification process for Qualified Opportunity Funds,...more