The Commission on the 21st Century Economy Identifies Sweeping Tax Reforms That Could Shake Things Up for all California Taxpayers On September 29, 2009, the Commission on the 21st Century Economy published its report to… read more
Metropolitan Corporate Counsel, October 4, 2009 By: Michael S. Maglio and Derek Gardella Despite the predominance of healthcare reform in the current legislative activities, it is likely that the Obama administration will… read more
Metropolitan Corporate Counsel, October 4, 2009 By: Michael S. Maglio and Derek Gardella Certainly one of the most prominent occurrences of the recent economic crisis was the unraveling of the Madoff Ponzi scheme. As a consequence,… read more
Garfield, Eric B. and VanEck, Matthew T. “Cap Rate Calculations: How to Determine ROI in an Unsteady Market.” Commercial Investment Real Estate Sept/Oct 2009: 36-38. A capitalization rate is the overall… read more
As is often the case, tax laws written to solve one problem tend to create unexpected complexities. Internal Revenue Code Sec. 461(d) is a case in point. This provision was enacted by Congress in the early 1960s to prevent… read more
At a recent conference at the Georgetown Law Center, recently-appointed Internal Revenue Service (IRS) TE/GE Commissioner Sarah Hall Ingram made a policy address in which she confirmed the IRS’ commitment to exercising… read more
Every day there seems to be another newspaper article reporting IRS’ epic battles over the disclosure of foreign bank accounts and the ensuing diplomatic disputes. This media attention has greatly increased awareness… read more
The federal government and each of the states provide a variety of tax breaks and other incentives to encourage renewable energy production and energy efficiency. These programs received a significant boost when a solar credit… read more
Metropolitan Corporate Counsel, June 2009 By: Charles M. Chubb and Jennifer X. Wiskus Statement of Financial Accounting Standards No. 141 (revised 2007), Business Combinations, (FAS 141(R)) becomes effective for most organizations… read more
Metropolitan Corporate Counsel, June 2009 By: Ramon Camacho On Monday, May 4, 2009, the Obama administration proposed significant changes to the taxation of international investments. These proposals, together with proposals… read more