Documents tagged "Reprinted"
Found 2 documents with this tag
HOUSE_OVERSIGHT_026584.txt
The article discusses disregarded entities and their treatment for tax purposes. It highlights the exceptions to the general rule that a disregarded entity is treated as a "tax nothing" and outlines some of the more significant modifications to this rule. The authors provide an overview of four types of DREs, including grantor trusts, single-member LLCs, qualified subchapter S subsidiaries, and controlled foreign corporations, and their legislative origins. Practitioners are advised to be attentive to these growing exceptions and modifications when planning for their clients.
HOUSE_OVERSIGHT_019856.txt
The U.S. Supreme Court has lowered the standard for proving insider trading involving tipping family or friends in the case of Salman v. U.S. The court held that a gift of inside information to a family or friend is sufficient to prove insider trading tipping liability, even if there is no valuable quid pro quo exchange. This narrows the previous requirement under Newman that required proof of pecuniary benefit or similarly valuable personal benefit. It will likely embolden the government to bring more similar cases as it becomes easier for them to prove a "gift" to a "friend" than a financial gain.