News & Analysis as of

Liquidity Internal Revenue Code (IRC) Internal Revenue Service

Levenfeld Pearlstein, LLC

Another Attack on Private Placement Life Insurance

The use of private placement life insurance (PPLI) by high-net-worth individuals has generated considerable controversy over the years, with proponents arguing that it is a proper use of existing laws that provide many of the...more

McDermott Will & Emery

CARES Act Update: IRS Provides Guidance to Partnerships to Take Advantage of Liquidity Benefits

McDermott Will & Emery on

Rev. Proc. 2020-23 eases restrictions on partnerships’ ability to file amended tax returns and issue amended Schedules K-1 in order for their partners to avail themselves of the retroactive tax relief provided by the CARES...more

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