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2 items provided by Holland & Knight LLP
IRS Proposes to Classify Basket Contracts as a Tax Avoidance Scheme
The U.S. Department of the Treasury and IRS on July 11, 2024, issued proposed regulations that would classify certain basket contract transactions as listed transactions.
IRS Targets Owners of Professional Sports Franchises Regarding Tax Reporting
The IRS recently announced a new enforcement campaign that targets and investigates sports industry partnerships reporting significant tax losses.
IRS Proposes to Classify Basket Contracts as a Tax Avoidance Scheme
The U.S. Department of the Treasury and IRS on July 11, 2024, issued proposed regulations that would classify certain basket contract transactions as listed transactions.
IRS Targets Owners of Professional Sports Franchises Regarding Tax Reporting
The IRS recently announced a new enforcement campaign that targets and investigates sports industry partnerships reporting significant tax losses.
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