For U.S. tax purposes, digital assets are considered property, not currency. A digital asset is stored electronically and can be bought, sold, owned, transferred, or traded. The tax definition of a digital...
Manufactured housing communities (MHCs), also commonly referred to as mobile home parks, continue to increase in popularity, while state and local regulations governing them also continue to expand. Read...
Parties come together to form joint ventures when all involved believe that they will have greater success working cooperatively on a specific project, product, or business than they would have if they...
Learn best practices for advocating on behalf of your FDA-regulated clients in light of the new legal paradigm introduced by the Supreme Court’s decisions in Loper Bright and Corner Post . Read...
Do you need to learn about potential legal and business risks stemming from the use of artificial intelligence (AI) tools to manage employee performance and make employment decisions (e.g., screening,...
With the energy-focused release of President Biden’s Fiscal Year 2022 Budget to Congress and the “Green Book,” outlining the Treasury’s analysis of Biden’s tax proposal, it is vital to understand the implications of the federal excise taxes on fuel, including the retail excise taxes imposed on diesel fuel and kerosene under I.R.C. § 4041, the retail excise tax on fuel used in commercial transportation on inland waterways under I.R.C. § 4042, and the manufacturer’s excise tax under I.R.C. § 4081.
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