4 Obama Tax Policies At Risk Under The GOP's Tax Plan
Law360, New York (January 11, 2017, 9:55 PM EST) -- The U.S. Treasury Department churned out a number of regulations toward the end of President Barack Obama's term, but some of those policies now face near-certain death under the incoming Trump administration because they are deemed too controversial or will become obsolete under the Republicans' sweeping tax proposals.
Here, Law360 looks at the IRS rules most likely to get the ax as corporate tax reform becomes a distinct possibility.
Debt-Equity Recharacterization Rules
There is no doubt among tax practitioners that IRS rules finalized in October under Section 385 of the Internal Revenue Code, meant to recharacterize certain corporate debt as equity...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!