This article explores the facts and arguments of the case, how this unique decision relates to and departs from case precedent, and the effects on the taxing schemes of other states and localities.
STATE & LOCAL TAXES
January 2016 - The Tax Adviser
TAX ACCOUNTING
Hedging Market Risks: Accounting for Notional Principal Contracts
This article looks at the timing and characterization rules that apply to payments under a notional principal contract.
TAX CLINIC
expenses & deductions
FOREIGN INCOME & TAXPAYERS
partners & partnerships
procedure & administration
COLUMNS
NEWS NOTES
TAX PRACTICE & PROCEDURES
DC CURRENTS
employee benefits & pensions
Profits interests: The most tax-efficient equity grant to employees
By granting them a profits interest, entities taxed as partnerships can reward employees with equity. Mistakes, however, could cause challenges from taxing authorities.
