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Tax Cuts and Jobs Act › Amortization › Corporate Taxes

Eversheds Sutherland (US) LLP

House confirms favorable modifications to three key business tax provisions

Eversheds Sutherland (US) LLP on

On May 12, 2025, the Republicans on the House Committee on Ways and Means released a draft bill showing their tax plan for the budget reconciliation legislation. The legislation will likely undergo significant changes as it...more

Holland & Knight LLP

IRS Rules Utility's NOL Carryforward Cannot Be Reduced by Tax Allocation Payments

Holland & Knight LLP on

The IRS recently issued private letter ruling (PLR) 107770-22 that involved a normalization issue of first impression, namely, whether payments received by a utility pursuant to an intercompany tax allocation agreement (TAA)...more

Bradley Arant Boult Cummings LLP

New Tax Law Makes Asset Deals More Attractive for Family Business Owners

Bradley Arant Boult Cummings LLP on

Buyers often prefer to structure family business acquisitions as taxable asset purchases. In a taxable asset purchase, the buyer is entitled to write up the basis of the seller’s assets to fair market value, and then going...more

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