X
09Mar

Tax Court Provides Guidance On Section 165 Deduction For Worthless Equity Interests - Tax Update Volume 2020, Issue 2

In order to take a worthlessness deduction for an equity investment in an entity, including an equity interest in a corporation or a partnership, the taxpayer must show that the instrument is worthless (no value at all), and must support the year of...
By: Pepper Hamilton LLP
Source Url: https://www.jdsupra.com/legalnews/tax-court-provides-guidance-on-section-38392/

Related

Departments Publish Final Regulations Expanding the Availability of HRAs

On June 13, 2019, the Department of Labor, together with the Department of Health and Human Services...

Read More >

2020 Legislative Update: Lactation Accommodation

California’s 2019 legislative session recently ended, leaving employers with a number of new laws r...

Read More >

Senate Bill Proposes Equal Pay For U.S. Women’s Soccer Team

A bill to prevent any federal funding for the 2026 men’s World Cup until the U.S. Soccer Federation...

Read More >

In Housing Crisis, Calif. Lawmakers Look for Ways to Increase Livability

There’s little debate: California is facing a housing crisis. The dispute lies in finding solutions...

Read More >

Chancery Court Finds Merger Agreement’s “No Use” Provision Preserves Seller’s Privilege

In Shareholder Representative Services LLC v. RSI Holdco, LLC, C.A. No. 2018-0517-KSJM (Del. Ch. May...

Read More >

Alert: Brexit Readiness: Possible Key Impacts of the Conclusion of the Transition Period on 31 December 2020

On 31 January 2020, the UK left the European Union and entered a transition period that is due to en...

Read More >