Under the Investment Infrastructure and Jobs Act (the “IIJ”), Section 6045 of the Internal Revenue Code was modified to include digital assets among the class of assets brokers must report information on when they facilitate...more
This past summer under the Inflation Reduction Act, Congress enacted new Internal Revenue Code (“Code”) Section 4501, which imposes an excise tax on certain corporate redemptions or repurchases by a corporation of its own...more
On September 27, 2022, the Pennsylvania Department of Revenue (“DOR”) issued a revision of Personal Income Tax Bulletin 2006-07 (the “Bulletin”), which confirms that recent Pennsylvania legislation reversed longstanding...more