Tax Law News and Insights

The Tax Court recently held that a hedge fund's basket option contracts were in substance tax ownership of the underlying basket securities. The hedge fund, through its affiliated entities, entered into 10 basket option contracts with a bank over several years. The fund and the bank characterized these contracts as...

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On Feb. 21, 2025, California State Sen. Menjivar introduced Senate Bill 789 (SB-789), proposing a vacancy tax aimed at commercial real property (property) to address prolonged vacancies, incentivize property activation, and generate revenue to support first-time home buyers through the California Dream for All Program. SB-789 is scheduled to become effective...

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Through our Viewpoints series, Riveron experts share their opinions on current topics, business trends, and industry news. My latest Riveron Insights article on Interim Tax Management discusses how to tackle tax leadership vacancies within an organization. So many times the CFO, CAO, COO, and other fancy finance titles get top billing, but...

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