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Top Articles
Tax Court Judge Goeke’s opinion in Beaverdam Creek Holdings LLC pairs nicely with Judge Lauber’s opinion in Ranch Springs LLC, which I recently covered. Both involve syndicated conservation easements on mining property in the South (Georgia and Alabama respectively) and extensive discussion of the discounted cash flow method of valuation.…
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The traditional individual tax filing season ended two months ago (those of us on extension still have a few months to go), but the IRS is still in the news. Most notably, the Senate has confirmed Billy Long as the new commissioner of the IRS (you can read more about that in a bit as part of our Deeper Dive below). How Long’s tenure might impact the future of the IRS and tax administration is still a question, but far from the only one. Still to be determined? What the tax picture might look like during the next filing season…
Week in Review Asian equities were mixed overnight as Korea and Taiwan outperformed while Mainland China’s STAR Board and India underperformed. It was a choppy week for Asian shares with the catalyst of US-China talks and the specter of flaring Middle East tensions. Trade talks on Monday between the US and China in London resulted in an agreement on rare earth exports and established a framework for continuing negotiations. May’s Consumer Price Index (CPI) in China, reported Monday, fell by -0.1% year-over-year, compared to April’s -0.2% and expectations of -0.2%. Key News Asian equities were lower overnight as Israel’s preemptive…
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