ENERGY AND TAX CLIENT ALERT: IRS Provides Safe Harbor on Tax Treatment of...
When Congress enacted the Smart Grid Investment Grant Matching Program in 2007 and amended it in 2009, it did not address how the federal grants would be treated for federal income tax purposes.
View ArticleTAX CLIENT ALERT: Congress Passes the Foreign Account Tax Compliance Act...
On March 18, 2010, the President signed into law the Hiring Incentives to Restore Employment (“HIRE”) Act (H.R. 2847, Pub. L. No. 111-147) (the “Act”). While the principal purpose of the Act is to...
View ArticleTAX CLIENT ALERT: Additional Guidance on Foreign Financial Account Reports
On February 26, 2010, the Internal Revenue Service (the “IRS”) issued further guidance with respect to the requirements imposed pursuant to the Bank Secrecy Act of 1970 that U.S. persons file a Report...
View ArticleTAX CLIENT ALERT: HIRE Act Offers Employer Payroll Tax Exemption for Certain...
Under the Hiring Incentives to Restore Employment Act (“HIRE” Act) enacted on March 18, eligible employers are exempted from paying the employer’s portion of employment taxes on wages paid to...
View ArticleWall Street Journal and Reuters – Micah Green
Micah Green, a partner in the firm’s Washington office, was quoted by the Wall Street Journal and Reuters on March 30, 2010, about efforts to overhaul the asset-backed securities market in a manner...
View ArticleThe Hill – Micah Green
Micah Green, a partner in the firm’s Washington office, was quoted by The Hill newspaper on March 30, 2010, about his work with the Association of Mortgage Investors to stave off home foreclosures...
View ArticleTAX CLIENT ALERT: Tax Provisions in Health Care & Reconciliation Acts
On March 23, 2010 the President signed into law the Patient Protection and Affordable Care Act - H.R. 3590 (the “Act”). On March 25, 2010, the House and Senate approved a reconciliation bill, the...
View ArticleThe Impact of the Obama Administration’s International Tax Proposals on US...
In February 2009 President Obama issued his first budget proposal for the US federal government. The document contained a cryptic, single-line $210bn revenue-raising entry reading simply “[I]mplement...
View ArticleAdvanced Training - Micah Green
Micah Green, a partner in the firm’s Washington office, was featured in an Advanced Trading article on July 14, 2010, about the uncertainty of the Volker Rule as the Senate prepares to pass a reform of...
View ArticleReuters - Micah Green
Micah Green, a partner in the firm’s Washington office, was featured in an article in Reuters on July 15, 2010, about a new Wall Street lobbying campaign in light of the Senate’s approval of financial...
View ArticleBloomberg Businessweek - Micah Green
Micah Green, a partner in the firm’s Washington office, was featured in an article on Bloomberg Businessweek on July 23, 2010, about mortgage investors urging bond trustees to help end practices that...
View ArticleTAX CLIENT ALERT: The Medical Device Excise Tax: What You Don’t Know Could...
The recently-enacted Health Reform Law (the Patient Protection and Affordable Care Act [Pub. L. No. 111-148] as amended by the Health Care and Reconciliation Act of 2010 [Pub. L. No. 111-152],...
View ArticleTAX POLICY CLIENT ALERT: IRS Halts Gift Tax Examinations on Contributions to...
In a memorandum dated July 7, 2011, a deputy commissioner of the Internal Revenue Service instructed that audits relating to the application of gift tax to contributions to section 501(c)(4)...
View ArticleFixing the Debt: Update on U.S. Fiscal Cliff Crisis (8th Edition)
An agreement has been reached between the White House and Senate Republicans, but how the House handles it may depend on the Senate vote dynamic. Vice President Biden briefed the Senate Democratic...
View ArticleFixing the Debt: Update on U.S. Fiscal Cliff Crisis (9th Edition)
Following a day of tumultuous House Republican caucus deliberations, at 11:00 pm, the House passed The American Tax Relief Act of 2012, a cliffhanger deal negotiated by Vice President Biden and Senate...
View ArticleBeyond Tax Reform Jujitsu: Getting to ‘Yes’ (Bloomberg BNA)
Congress and the administration can still achieve the first major overhaul of our nation’s tax laws in nearly 30 years; such reform could occur with or without an agreement to enact fundamental...
View ArticleIRS Same-Sex Marriage Ruling: Implications for Employee Benefits
The IRS’s recent ruling on the application of the Supreme Court’s landmark decision on same-sex marriage reaches not only federal income and estate taxes generally, but also impacts the tax treatment...
View ArticleThe Tax Reform Debate
Patton Boggs will host The Tax Reform Debate: An Update on Proposals to Reform the Taxation of Insurance Companies and Their Products. The discussion will address proposals the Senate Finance Committee...
View ArticleAnalysis: The State of the Union in 2014
INTRODUCTION Last night, President Barack Obama delivered his fifth State of the Union Address [insert hyperlink] before a joint session of the 113th Congress. In setting forth his priorities for the...
View ArticleTax and Retirement: Capital Thinking Blog
LEGISLATIVE ACTIVITY CAMP EXPECTED TO RELEASE TAX REFORM DISCUSSION DRAFT This week, House Ways and Means Committee Chairman Dave Camp (R-MI) is expected to release his long-awaited plan for...
View ArticleTax and Retirement: Capital Thinking Blog
LEGISLATIVE ACTIVITY Wyden, camp to take next steps on tax extenders On March 24, House Ways and Means Committee Chairman Dave Camp (R-MI) sent a memo to his Committee members regarding next steps on...
View ArticleTax and Retirement: Capital Thinking Blog
LEGISLATIVE ACTIVITY ways and means committee to hold first hearing on tax extenders; finance committee passes tax extenders Bill On Tuesday, April 8, the House Ways and Means Committee will hold its...
View ArticleTax and Retirement: Capital Thinking Blog
LEGISLATIVE ACTIVITY ways and means to hold markup of six extender bills On Tuesday, April 29, the House Ways and Means Committee will hold a markup of six bills to permanently extend the business tax...
View ArticleTax and Retirement: Capital Thinking Blog
Legislative Activity House to Vote on legislation to permanently extend R&D tax Credit During the week of May 5, the House of Representatives is set to vote on H.R. 4438, the “American Research and...
View ArticleTax and Retirement: Capital Thinking Blog
LEGISLATIVE ACTIVITY Tax extenders bill stalls in senate, timing now unclear On May 15, the Senate was unable to garner the 60 votes needed to end debate on tax extenders legislation. The bill, which...
View ArticleTax and Retirement: Capital Thinking Blog
LEGISLATIVE ACTIVITY Tax extenders bill stalls in senate, timing now unclear On May 15, the Senate was unable to garner the 60 votes needed to end debate on tax extenders legislation. The bill, which...
View ArticleTax and Retirement: Capital Thinking Blog
LEGISLATIVE ACTIVITY WAYS AND MEANS MARKS UP SIX MORE tax BILLS, EXPECTED TO CONTINUE WORK ON EXTENDERS THROUGH SUMMER On May 29, the House Ways and Means Committee held a markup of six bills (four...
View ArticleTax and Retirement: Capital Thinking Blog
LEGISLATIVE ACTIVITY SENATE FINANCE COMMITTEE outlines path forward on tax reform On June 5, Senate Finance Committee Chairman Ron Wyden (D-OR) and Ranking Member Orrin Hatch (R-UT) announced the...
View ArticleTax and Retirement: Capital Thinking Blog
LEGISLATIVE ACTIVITY SENATE FINANCE COMMITTEE Aims to MARKUP HIGHWAY FUNDING BILL While not yet noticed, the Senate Finance Committee is expected to markup a short-term highway funding bill before the...
View ArticleTax and Retirement: Capital Thinking Blog
LEGISLATIVE ACTIVITY House to vote on HIGHWAY FUNDING BILL, other tax measures This week, the House is expected to vote on H.R. 5021, the Highway and Transportation Funding Act of 2014. The bill, which...
View ArticleTax and Retirement: Capital Thinking Blog
LEGISLATIVE ACTIVITY House Passes hIGHWAY fUNDING bILL, sENATE Prepares TO vOTE oN Legislation Last week, the House voted 367-55 to pass H.R. 5021, the Highway and Transportation Funding Act of 2014....
View Article
