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Nicole Elliott is known for handling a variety of litigious matters for a number of tribal clients. She is notable for her knowledge of tax-related issues.
32 items provided by Holland & Knight LLP
Tax Reform and the Potential Impact on Tax-Exempt Organizations
As preparations for tax reform continue in Washington, D.C., it appears increasingly likely that tax reform will have a significant effect on tax-exempt organizations, particularly those exempt under Section 501(c)(3).
Tax Reform's New Incentives for Investments in Low-Income Communities: Part 1
A new tax incentive in the Tax Cuts and Jobs Act allows investors selling appreciated securities or other investment property to defer tax on those gains to the extent that the proceeds are reinvested in a Qualified Opportunity Fund.
Tax Reform's New Incentives for Investments in Low-Income Communities: Part 2
Part 1 of this series of Holland & Knight alerts described a new tax incentive contained in the Tax Cuts and Jobs Act for investments in low-income communities designated as "Opportunity Zones." Part 1 also explained the process under which Opportunity Zones were nominated and designated.
Tax Reform's New Incentives for Investments in Low-Income Communities: Part 3
Part 1 and Part 2 of this series of Holland & Knight alerts described the new tax incentive contained in the Tax Cuts and Jobs Act for investments in low-income communities designated as "Opportunity Zones."
New Guidance on Opportunity Zones: Incentives for Investments in Low-Income Communities
Holland & Knight previously published a three-part series describing the powerful new tax incentive contained in the Tax Cuts and Jobs Act for investments in low-income communities designated as "Opportunity Zones."
New Guidance on Opportunity Zones: Highlights for Real Estate Owners and Developers
The U.S. Department of the Treasury issued a second tranche of proposed regulations to implement and clarify the new Opportunity Zone Tax Incentive.
Compliance Checkpoint: Section 501(c)(3) Election Year Activities
With only weeks left before the 2020 election and U.S. Supreme Court confirmation hearings underway, nonprofit organizations may be considering whether and how they can engage.
Looking Ahead at the 2021 Tax Policy Landscape
This Holland & Knight alert outlines the tax policy priorities of President-Elect Joe Biden and congressional Democrats as currently known, what the congressional makeup may mean for those priorities and the outlook ahead.
U.S. Supreme Court Decision May Pave Way for Future IRS Lawsuits
The U.S. Supreme Court recently rendered a unanimous opinion holding that the Anti-Injunction Act (AIA) did not block a lawsuit brought by CIC Services against the Internal Revenue Service (IRS), delivering an important victory to CIC and similarly situated taxpayers everywhere.
The Green Book and Green Energy
Biden Administration's Budget Proposal Expands, Extends and Creates Tax Credits for Renewable Energy
Update for Employers: Recent Legislation Improves, Extends Employee Retention Credit
The Coronavirus Aid, Relief, and Economic Security (CARES) Act authorized a refundable tax credit important to many employers struggling as a result of the COVID-19 pandemic.
The Most Interesting International Tax Proposals in Biden's FY 2023 Budget
This Holland & Knight alert discusses the intersection of President Joe Biden's proposed changes to the U.S. tax code, as announced in connection with his fiscal year (FY) 2023 budget, and work underway on the global stage before the Organization of Economic Cooperation and Development (OECD)...
Congress Looks to Update Opportunity Zone Program with Bipartisan, Bicameral Legislation
A group of bipartisan senators and representatives on April 7, 2022, introduced The Opportunity Zones Transparency, Extension, and Improvement Act (the Act).
Infrastructure Investment and Jobs Act Revitalizes Superfund Tax on Chemicals
The Infrastructure Investment and Jobs Act (IIJA), signed by President Joe Biden on Nov. 15, 2021, revives an excise tax last effective in 1995 on the sale or use of 42 identified chemicals as well as certain substances manufactured or produced from such chemicals.
The Inflation Reduction Act: Summary of the Budget Reconciliation Act
President Joe Biden signed the Inflation Reduction Act of 2022 (IRA) into law on Aug. 16, 2022, following its passage along party lines in the U.S. Senate and House of Representatives.
The Inflation Reduction Act: Provisions and Incentives for Local Governments
President Joe Biden signed the Inflation Reduction Act of 2022 (IRA) into law on Aug. 16, 2022, following its passage along party lines in the U.S. Senate and House of Representatives.
Beware Employee Retention Credits That Are "Too Good to Be True"
Employers throughout the U.S. have been receiving advertisements and direct solicitations from third parties offering attractive tax savings in the form of Employee Retention Credits (ERC).
Eyes on Energy Tax Update: January 2023
Eyes on Energy Tax Update is a regular publication of the Holland & Knight Energy Tax Team that provides highlights of important energy tax developments.
Treasury Department Releases Section 48C Guidance with Billions in Tax Credits Up for Grabs
Reinstated by the Inflation Reduction Act of 2022 (IRA), Section 48C of the Internal Revenue Code provides $10 billion in credits for qualifying advanced energy projects, $4 billion of which must be allocated to projects located in energy communities.1
Treasury Department, IRS Release Preliminary Low-Income Community Bonus Credit Guidance
Section 48 of the Internal Revenue Code provides an investment tax credit (ITC) for certain renewable projects, including solar and wind power projects, equal to 30 percent of the qualified investment in the project if prevailing wage and apprenticeship requirements are satisfied.
Treasury Department Issues Section 48D Guidance on CHIPS Act Semiconductor Tax Incentive
The U.S. Department of the Treasury and Internal Revenue Service recently released proposed regulations under Section 48D, providing helpful clarifications.
IRS Energy Community Bonus Guidance Provides Welcome Clarity
The Internal Revenue Service (IRS) released guidance regarding the energy community bonus credit under Sections 45, 48, 45Y and 48E.
Treasury Department, IRS Release Clean Vehicle Tax Guidance
Treasury Department, IRS Release Clean Vehicle Tax Guidance
Eyes on Energy Tax Update: First Quarter 2023
Eyes on Energy Tax Update is a regular publication of the Holland & Knight Energy Tax Team that provides highlights of important energy tax developments.
Break Out Your Calculator: IRS Releases Domestic Content Bonus Credit Guidance
Following the release of energy community bonus credit and low-income community bonus credit guidance, the U.S. Department of the Treasury and IRS recently provided taxpayers with the domestic content bonus credit guidance.
IRS and Department of Energy Release Additional Section 48C Guidance
Reinstated by the Inflation Reduction Act of 2022 (IRA), Section 48C of the Internal Revenue Code provides $10 billion in allocable credits for qualifying advanced energy projects, $4 billion of which must be allocated to projects located in energy communities.
Treasury Department, IRS Release Low-Income Community Bonus Credit Proposed Rules
The U.S. Department of the Treasury and IRS on May 31, 2023, released a Notice of Proposed Rulemaking (NPRM) regarding the low-income community bonus credit under Section 48 of the Internal Revenue Code. The NPRM requests comments by June 30, 2023.
Treasury Department and IRS Release Direct Pay and Transferability Guidance
As part of the Inflation Reduction Act, certain taxpayers may elect for a direct payment in lieu of a tax credit.
IRS Issues Updated Energy Community Bonus Guidance
The IRS on June 15, 2023, updated its energy community bonus guidance by issuing Notice 2023-45 and Notice 2023-47. The IRS also recently issued energy community bonus guidance in Notice 2023-29.
IRS Releases 2023 Section 45 Production Tax Credit Amounts
The IRS on June 21, 2023, released 2023 production tax credit (PTC) amounts under Section 45 of the Internal Revenue Code.
Tax Reform and the Potential Impact on Tax-Exempt Organizations
As preparations for tax reform continue in Washington, D.C., it appears increasingly likely that tax reform will have a significant effect on tax-exempt organizations, particularly those exempt under Section 501(c)(3).
Tax Reform's New Incentives for Investments in Low-Income Communities: Part 1
A new tax incentive in the Tax Cuts and Jobs Act allows investors selling appreciated securities or other investment property to defer tax on those gains to the extent that the proceeds are reinvested in a Qualified Opportunity Fund.
Tax Reform's New Incentives for Investments in Low-Income Communities: Part 2
Part 1 of this series of Holland & Knight alerts described a new tax incentive contained in the Tax Cuts and Jobs Act for investments in low-income communities designated as "Opportunity Zones." Part 1 also explained the process under which Opportunity Zones were nominated and designated.
Tax Reform's New Incentives for Investments in Low-Income Communities: Part 3
Part 1 and Part 2 of this series of Holland & Knight alerts described the new tax incentive contained in the Tax Cuts and Jobs Act for investments in low-income communities designated as "Opportunity Zones."
New Guidance on Opportunity Zones: Incentives for Investments in Low-Income Communities
Holland & Knight previously published a three-part series describing the powerful new tax incentive contained in the Tax Cuts and Jobs Act for investments in low-income communities designated as "Opportunity Zones."
New Guidance on Opportunity Zones: Highlights for Real Estate Owners and Developers
The U.S. Department of the Treasury issued a second tranche of proposed regulations to implement and clarify the new Opportunity Zone Tax Incentive.
Compliance Checkpoint: Section 501(c)(3) Election Year Activities
With only weeks left before the 2020 election and U.S. Supreme Court confirmation hearings underway, nonprofit organizations may be considering whether and how they can engage.
Looking Ahead at the 2021 Tax Policy Landscape
This Holland & Knight alert outlines the tax policy priorities of President-Elect Joe Biden and congressional Democrats as currently known, what the congressional makeup may mean for those priorities and the outlook ahead.
U.S. Supreme Court Decision May Pave Way for Future IRS Lawsuits
The U.S. Supreme Court recently rendered a unanimous opinion holding that the Anti-Injunction Act (AIA) did not block a lawsuit brought by CIC Services against the Internal Revenue Service (IRS), delivering an important victory to CIC and similarly situated taxpayers everywhere.
The Green Book and Green Energy
Biden Administration's Budget Proposal Expands, Extends and Creates Tax Credits for Renewable Energy
Update for Employers: Recent Legislation Improves, Extends Employee Retention Credit
The Coronavirus Aid, Relief, and Economic Security (CARES) Act authorized a refundable tax credit important to many employers struggling as a result of the COVID-19 pandemic.
The Most Interesting International Tax Proposals in Biden's FY 2023 Budget
This Holland & Knight alert discusses the intersection of President Joe Biden's proposed changes to the U.S. tax code, as announced in connection with his fiscal year (FY) 2023 budget, and work underway on the global stage before the Organization of Economic Cooperation and Development (OECD)...
Congress Looks to Update Opportunity Zone Program with Bipartisan, Bicameral Legislation
A group of bipartisan senators and representatives on April 7, 2022, introduced The Opportunity Zones Transparency, Extension, and Improvement Act (the Act).
Infrastructure Investment and Jobs Act Revitalizes Superfund Tax on Chemicals
The Infrastructure Investment and Jobs Act (IIJA), signed by President Joe Biden on Nov. 15, 2021, revives an excise tax last effective in 1995 on the sale or use of 42 identified chemicals as well as certain substances manufactured or produced from such chemicals.
The Inflation Reduction Act: Summary of the Budget Reconciliation Act
President Joe Biden signed the Inflation Reduction Act of 2022 (IRA) into law on Aug. 16, 2022, following its passage along party lines in the U.S. Senate and House of Representatives.
The Inflation Reduction Act: Provisions and Incentives for Local Governments
President Joe Biden signed the Inflation Reduction Act of 2022 (IRA) into law on Aug. 16, 2022, following its passage along party lines in the U.S. Senate and House of Representatives.
Beware Employee Retention Credits That Are "Too Good to Be True"
Employers throughout the U.S. have been receiving advertisements and direct solicitations from third parties offering attractive tax savings in the form of Employee Retention Credits (ERC).
Eyes on Energy Tax Update: January 2023
Eyes on Energy Tax Update is a regular publication of the Holland & Knight Energy Tax Team that provides highlights of important energy tax developments.
Treasury Department Releases Section 48C Guidance with Billions in Tax Credits Up for Grabs
Reinstated by the Inflation Reduction Act of 2022 (IRA), Section 48C of the Internal Revenue Code provides $10 billion in credits for qualifying advanced energy projects, $4 billion of which must be allocated to projects located in energy communities.1
Treasury Department, IRS Release Preliminary Low-Income Community Bonus Credit Guidance
Section 48 of the Internal Revenue Code provides an investment tax credit (ITC) for certain renewable projects, including solar and wind power projects, equal to 30 percent of the qualified investment in the project if prevailing wage and apprenticeship requirements are satisfied.
Treasury Department Issues Section 48D Guidance on CHIPS Act Semiconductor Tax Incentive
The U.S. Department of the Treasury and Internal Revenue Service recently released proposed regulations under Section 48D, providing helpful clarifications.
IRS Energy Community Bonus Guidance Provides Welcome Clarity
The Internal Revenue Service (IRS) released guidance regarding the energy community bonus credit under Sections 45, 48, 45Y and 48E.
Treasury Department, IRS Release Clean Vehicle Tax Guidance
Treasury Department, IRS Release Clean Vehicle Tax Guidance
Eyes on Energy Tax Update: First Quarter 2023
Eyes on Energy Tax Update is a regular publication of the Holland & Knight Energy Tax Team that provides highlights of important energy tax developments.
Break Out Your Calculator: IRS Releases Domestic Content Bonus Credit Guidance
Following the release of energy community bonus credit and low-income community bonus credit guidance, the U.S. Department of the Treasury and IRS recently provided taxpayers with the domestic content bonus credit guidance.
IRS and Department of Energy Release Additional Section 48C Guidance
Reinstated by the Inflation Reduction Act of 2022 (IRA), Section 48C of the Internal Revenue Code provides $10 billion in allocable credits for qualifying advanced energy projects, $4 billion of which must be allocated to projects located in energy communities.
Treasury Department, IRS Release Low-Income Community Bonus Credit Proposed Rules
The U.S. Department of the Treasury and IRS on May 31, 2023, released a Notice of Proposed Rulemaking (NPRM) regarding the low-income community bonus credit under Section 48 of the Internal Revenue Code. The NPRM requests comments by June 30, 2023.
Treasury Department and IRS Release Direct Pay and Transferability Guidance
As part of the Inflation Reduction Act, certain taxpayers may elect for a direct payment in lieu of a tax credit.
IRS Issues Updated Energy Community Bonus Guidance
The IRS on June 15, 2023, updated its energy community bonus guidance by issuing Notice 2023-45 and Notice 2023-47. The IRS also recently issued energy community bonus guidance in Notice 2023-29.
IRS Releases 2023 Section 45 Production Tax Credit Amounts
The IRS on June 21, 2023, released 2023 production tax credit (PTC) amounts under Section 45 of the Internal Revenue Code.
