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FBT Gibbons LLP

Commercial Real Estate Distress: An Introduction to Debt-for-Equity Exchanges

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Commercial real estate is in a sorting period. The Mortgage Bankers Association estimates roughly $5 trillion in commercial mortgages will mature between 2025 and 2029, with approximately $875 billion maturing in 2026 alone....more

McDermott Will & Schulte

IRS roundup: May 1 – May 11, 2026

The IRS Office of Chief Counsel issued Chief Counsel Advice 202618011, addressing whether a taxpayer can apply a revised cost allocation method under Treasury Regulation § 1.482-9 as a set-off in a transfer pricing context....more

Hogan Lovells

HL UK Pensions Law Digest 14 May 2026

Hogan Lovells on

A bite-sized summary of recent UK pension news Welcome to our latest update, in which we cover: Data protection: new data protection complaints requirements Data controllers, including pension scheme trustees, will need...more

Kohrman Jackson & Krantz LLP

Cleveland TIF District Proposal Targets East Side Revitalization and Investment

The Bibb Administration presented a plan for two East-side TIF Districts to the City Planning Commission on May 1, 2026. The Hough-St. Clair Superior TIF will encompass almost 1,400 acres and the administration projects it to...more

Eversheds Sutherland (US) LLP

Significant Revenue Procedure offers flexibility in corporate letter rulings

The IRS has taken oscillating positions on issuing corporate letter rulings on isolated issues in the context of a larger, integrated transaction. Since 2024, taxpayers have been required to request a letter ruling regarding...more

Haynes Boone

Switching to a New Form of Preapproved Plan Document? What You Need to Know

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Have you switched providers and are now converting your retirement plan to a new form of preapproved plan document? Are you with the same provider but updating to a new preapproved plan document at the end of the six-year...more

Foley Hoag LLP - Cannabis and the Law

Stalemate over Virginia Adult-Use Cannabis Bill – Governor Faces May 22, 2026 Deadline

The Virginia legislature and Governor Abigail Spanberger remain at a stalemate over a bill that would make the Commonwealth the latest state to approve an adult-use cannabis market....more

Farrell Fritz, P.C.

Huntington’s Proposed PILOT “Offset” Policy Risks Undermining the Town’s Own Development Goals

Farrell Fritz, P.C. on

The Town of Huntington is reportedly considering a policy that would require developers receiving Payment in Lieu of Taxes (“PILOT”) benefits to make additional contributions intended to offset perceived impacts on taxpayers,...more

Moore & Van Allen PLLC

Client Alert: South Carolina Property Tax Exemption for Nonprofit Low-Income Housing: Critical Legislative Development

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Key Points: Pending South Carolina legislation would unexpectedly amend the nonprofit housing property tax exemption statute....more

Polsinelli

IRS Opens the Door on Syndicated Easement Settlements: Limited Time Offers Coming

Polsinelli on

Key Takeaways - The IRS announced it will soon release settlement terms for certain syndicated conservation and historic preservation easement disputes under Section 170(h)....more

Vinson & Elkins LLP

You Suspect Your Client Committed Tax Fraud: Now What?

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What is a tax practitioner to do when they suspect—or worse, know— that their client committed tax fraud? In the first and second parts of this three-part series, we discussed the basic elements of civil tax fraud and...more

Sullivan & Worcester

Media Coverage – Suffolk Superior Court Allows City of Boston Commercial Property Class Action to Proceed

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Suffolk Superior Court recently denied the City of Boston’s motion to dismiss a proposed class action lawsuit challenging alleged retaliatory property tax assessment practices affecting commercial property owners who appealed...more

Sullivan & Worcester

Sullivan Attorneys Obtain Superior Court Win in Class-Action Tax Case

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Sullivan & Worcester scored a win at Suffolk Superior Court as the Court denied the City of Boston’s motion to dismiss a class action lawsuit, filed by Sullivan & Worcester and Pioneer New England Legal Foundation on behalf...more

Rivkin Radler LLP

Observations on the Wealthy’s Change in Attitude Toward Taxes

Rivkin Radler LLP on

Perception of Taxes- Since I started practicing almost forty years ago, there have always been a relatively few well-to-do individuals for whom the payment of any taxes – whether personal or business – under any...more

Morgan Lewis

Major Changes to Real Estate Transfer Tax for Share Deals Have Failed—For Now

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As part of the passage of the Ninth Tax Advisory Amendment Act, the German Federal Parliament recently adopted significant amendments to the Real Estate Transfer Tax Act. These amendments are primarily aimed at standardizing...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Your 401(k) Isn’t a Hedge Fund, So Stop Designing It Like One

There’s a line often attributed to Steve Jobs that gets repeated so often it risks losing its bite: simplicity is the ultimate sophistication. I’ll translate that into something this industry might actually understand,...more

Pullman & Comley - For What It May Be Worth

Connecticut General Assembly Revises Solar PV Exemption Statute Again

During its 2025 legislative session, the Connecticut General Assembly amended Connecticut General Statutes (C.G.S.) Sec. 12-81(57) to expand the eligibility of certain solar photovoltaic (PV) equipment for property tax...more

Morgan Lewis

IRS Updates FAQs on Educational Assistance Programs and Releases New Sample Plan Document

Morgan Lewis on

The Internal Revenue Service has released updated frequently asked questions addressing educational assistance programs under Section 127 of the Internal Revenue Code, along with a revised sample plan document, Publication...more

ArentFox Schiff

IRS Proposed Changes to Voluntary Disclosure Program

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On December 22, the Internal Revenue Service (IRS) announced proposed updates to its Criminal Investigation Voluntary Disclosure Practice (VDP), opening a 90-day public comment period that closed on March 22. Revised...more

Morgan Lewis

German Federal Fiscal Court Rules on ‘Passive Disjunction from German Taxation’ („passive Entstrickung“) in case of Changes to DTA

Morgan Lewis on

In two similar cases involving a partnership (I R 41/22) and a corporation (I R 6/23), the German Federal Fiscal Court (BFH) decided whether the mere amendment or conclusion of a new Double Tax Agreement (DTA) can lead to an...more

Littler

Internal Revenue Service Publishes Final Rule for “No Tax on Tips” Deduction

Littler on

As previously reported, the so-called “One Big Beautiful Bill Act” (OBBBA) provides an income tax deduction for “qualified tips” received by individuals in occupations that customarily and regularly received tips on or before...more

Mayer Brown

The Qualified Subordination Declaration – Opportunities and Risks

Mayer Brown on

I. WHY THIS TOPIC IS IMPORTANT: Shareholder loans are a proven tool for corporate financing, particularly in small and medium-sized “Mittelstand” enterprises. If a company encounters financial difficulties, these...more

Dickinson Wright

Medical Cannabis Rescheduling: State Implementation and Regulatory Conflicts

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In this second article in a series, we turn from the federal order itself to the state compliance problems it creates, particularly in jurisdictions where medical and adult use regulations or licensing systems are not...more

K&L Gates LLP

Australian Federal Budget 2026-2027 – Significant Tax Changes and Key Insights

K&L Gates LLP on

The Australian Federal Budget for 2026-2027 proposes far-reaching changes to the Australian tax system that will have significant impacts on a range of taxpayers. Whilst a number of the measures were widely telegraphed, the...more

Kilpatrick

5 Key Takeaways | Pass-Through Entity Tax: Drafting Agreements to Take Advantage of State PTET Regimes and Federal Deduction...

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Kilpatrick’s Kylan Memminger recently participated on a panel discussion at the ABA Tax Section May Tax Meeting where they discussed the topic of “Pass-Through Entity Tax: Drafting Agreements to Take Advantage of State PTET...more

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