After months of anticipation, final FATCA regulations released *

USA - April 30 2013
On January 17, 2013, the U.S. Department of the Treasury ("Treasury") and the Internal Revenue Service ("IRS") issued final regulations2 implementing…

Co-authors: Thomas A. Humphreys, Anna T. Pinedo, David N. de Ruig, Remmelt A. Reigersman, Stephen L. Feldman.

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Reorganization plan qualifies for bankruptcy exception to NOL limitation rules *

USA - April 30 2013
In another recent private letter ruling, the IRS ruled that an ownership change pursuant to a bankruptcy reorganization plan qualified for an…

Co-authors: Thomas A. Humphreys, Anna T. Pinedo, David N. de Ruig, Remmelt A. Reigersman, Stephen L. Feldman.

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Holding the PHONE? — equity linked debt instrument forms part of a straddle *

USA - April 30 2013
In a recent Chief Counsel Advice memorandum,17 the IRS concluded that equity-linked debt instruments issued by the Taxpayer, which referenced the…

Co-authors: Thomas A. Humphreys, Anna T. Pinedo, David N. de Ruig, Remmelt A. Reigersman, Stephen L. Feldman.

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Proxy agreement no barrier to affiliated group membership *

USA - April 30 2013
In a recent private letter ruling, the IRS addressed whether a wholly-owned subsidiary could be included in its parent's affiliated group, even…

Co-authors: Thomas A. Humphreys, Anna T. Pinedo, David N. de Ruig, Remmelt A. Reigersman, Stephen L. Feldman.

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IRS releases new FATCA Form *

USA - April 30 2013
In the latest demonstration that the IRS is continuing to gear up for the implementation of FATCA, Draft Form 8957 has been released, which enables…

Co-authors: Thomas A. Humphreys, Anna T. Pinedo, David N. de Ruig, Remmelt A. Reigersman, Stephen L. Feldman.

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