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
Related
Considerations when reviewing your MAC Clause in a COVID-19 Climate - As was the case after the glo...
Read More >
On Friday, March 27, Ohio Governor Mike DeWine signed an order that would ensure every state contrac...
Read More >
Within the past few weeks, Governor Andrew Cuomo signed several pieces of legislation expanding the ...
Read More >
On February 5, 2020, Judge Matthew F. Kennelly of the United States District Court for the Northern ...
Read More >
In the wake of the tragic death of architect Tishman in December 2020 who was killed by falling debr...
Read More >
The SECURE Act, included as part of the Further Consolidated Appropriations Act, 2020, was signed in...
Read More >