Searching Content by Nicola Lemay from Foley Hoag LLP ordered by Published Date Descending.
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Massachusetts Department Of Public Utilities Investigates Issues Relating To Net Metering, Energy Storage, And Forward Capacity Market Participation
These issues have been percolating for years. In fact, D.P.U. 17-146 follows directly from prior dockets in which the DPU avoided addressing these policy issues.
United States
8 Nov 2017
FBAR: 2015 Reports Due By June 30, 2016
Every U.S. person that had a financial interest in, or signature or other authority over, one or more foreign financial accounts during 2015 must electronically file an "FBAR" with the U.S. Treasury Department...
United States
20 Jun 2016
A "PATH" To Substantial Tax Savings: Qualified Small Business Stock
In the early 1990s, Congress enacted the qualified small business stock ("QSBS") rules to incentivize equity investments in certain corporations.
United States
16 Jun 2016
Partnership Audit Regime Shakeup
The recent Bipartisan Budget Act of 2015 (the "Act") sets forth a new tax audit regime for partnerships (and limited liability companies taxed as partnerships) that will have far-reaching consequences.
United States
11 Feb 2016
IRS Issues Favorable PLR Allowing An Individual Panel Owner In An Offsite, Net-Metered Community-Shared Solar Project To Claim The Section 25D Tax Credit
Section 25D allows individual taxpayers a federal income tax credit equal to 30% of the qualified solar electric property expenditures made by the taxpayer.
United States
8 Sep 2015
Changes On The Horizon? IRS Announces New Plans To Recharacterize Management Fee Waiver Arrangements
On July 22, 2015, the IRS released proposed regulations that could limit the utility of "management fee waiver" arrangements (the "Proposed Regulations"). Management fees generally are taxable as compensation income.
United States
4 Aug 2015
2014 Tax Reporting
U.S. citizens, resident aliens and certain non-resident aliens who held any interest in "specified foreign financial assets" at any point during 2014 may be required to file IRS Form 8938 with their 2014 U.S. federal income tax returns.
United States
16 Apr 2015
FBAR Filing Deadline Approaching
Every U.S. person that had a financial interest in a foreign financial account during 2013 must electronically file a form with the U.S. Treasury Department.
United States
21 May 2014
FATCA: Initial Registration Deadline Extended
The IRS announced that foreign entities that must be FATCA-compliant by July 1, 2014 now have until June 3, 2014 to register with the IRS.
United States
14 Apr 2014
FATCA: Crunch Time (April 25th Deadline Is Imminent)
Every foreign entity must take steps to determine whether FATCA will apply to it and whether FATCA registration will be required by April 25, 2014.
United States
3 Apr 2014
New Proposals To Tax Carried Interest As Ordinary Income Garner Bipartisan
On March 4, 2014, President Obama issued his Administration’s Fiscal Year 2015 Budget, which includes a proposal to tax carried interests (also known as "performance allocations" or "incentive allocations") in investment partnerships (such as hedge funds and private equity funds) at ordinary income rates.
United States
13 Mar 2014
FATCA: With Deadlines Looming, The Time To Act Is Now
On July 1, 2014, FATCA will go into effect.
United States
4 Mar 2014
Congress Extends The 100% Tax Exemption For Gain On Certain Qualified Small Business Stock, With Retroactive Effect, Through 2013
On January 2, 2013, President Obama signed into law the American Taxpayer Relief Act of 2012, among its provisions including a tax benefit whereby capital gains from the sale of exchange of certain qualified business stock held by non-corporate taxpayers can qualify for a 100% exclusion.
United States
22 Jan 2013
Qualified Small Business - 100% Tax Exemption Set To Expire At Year End
In 2010, Congress enacted legislation which could provide investors who acquire qualified small business stock ("QSBS") before the end of 2011 with a significant tax benefit.
United States
9 Dec 2011
Extension on 100% Tax Exemption for Gain on Certain Qualified Small Business Stock
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the "2010 Tax Relief Act") was enacted today. Among its provisions, the 2010 Tax Relief Act extends a tax benefit whereby gains from the sale of certain qualified small business stock ("QSBS") can qualify for a total exclusion from federal income taxation.
United States
22 Dec 2010
Eligible Investors May Receive 100% Tax Exemption for Gain on Certain Stock Acquired Before Year-End
The Small Business Jobs and Credit Act of 2010 temporarily permits a total exclusion from federal income taxation of gain from the sale of certain qualified small business stock ("QSBS").
United States
9 Dec 2010
Jump-Starting Biomedical Research and Development: The New Therapeutic Tax Credit and Cash Grant Program
The Qualifying Therapeutic Discovery Project Tax Credit program was created by the Patient Protection and Affordable Care Act, Pub. L. No. 111-148.
United States
11 May 2010
Treasury Issues Guidance For Cash Grant Program For Qualifying Renewable Energy Projects
On July 9th, the U.S. Treasury Department published guidance (“Guidance Materials”) for applicants seeking cash grants for qualifying renewable energy projects pursuant to Section 1603 of the American Recovery and Reinvestment Act of 2009 (“ARRA”).
United States
16 Jul 2009
Process For Electing The Investment Tax Credit In Lieu Of The Production Tax Credit - IRS Notice 2009-52
As part of broad-based federal support for the renewable energy sector, the American Recovery and Reinvestment Act of 2009 (the “Recovery Act”) changed federal tax law to allow developers of certain types of renewable energy projects to elect the Section 48 investment tax credit (the “ITC”) in lieu of the Section 45 production tax credit (the “PTC”).
United States
19 Jun 2009
Tax-Related Renewable Energy Provisions In The Stimulus Act
On February 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act of 2009 (the "Act"). The new law is the centerpiece of President Obama's efforts to create jobs and revive the economy and includes over $787 billion in spending and tax incentives.
United States
2 Mar 2009
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