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Forfeited Rebate Is A Charitable Contribution
October 17, 2025
TP is an individual taxpayer who purchased "scrip" from an organization described in Sec. 170(c) of the Internal Revenue Code. The charity purchases the scrip at a di...

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Recent Reports

Can Astria Therapeutics Salvage Its Failed Reorganization?
October 17, 2025
We have seen this type of transaction numerous times before. The transaction to which we refer is an acquisition by one corporation of the stock of another using a combination...
The Generation Of Electricity Is Not "Manufacturing"
October 17, 2025
The plaintiff is the owner of certain personal property located at its "solar facility" in Hampton, Connecticut. The property consists of various equipment used by th...
A Jury Trial After An Assessment Violates The Seventh Amendment
October 17, 2025
Plaintiff brings this action against S. The Government seeks to reduce its assessed penalties to judgment. Congress enacted the Bank Secrec...
RYN Gets Busy
October 16, 2025
Rayonier, Inc. ("RYN") and PotlachDeltic Corporation ("PCH"), each a real estate investment trust, ("REIT"), in good standing announced that the c...