Nelson Mullins – IRS Issues Final Regulations Under Section 367(b) on Anti-Abuse Rule for Triangular Reorganizations and Inbound Nonrecognition (“Killer B”) Transactions

On July 17, 2024, the Ministry of Treasury and IRS issued the final regulations (TD 10004) under Article 367 (B) of the Internal Revenue Law (“codeReorganization of the trio. background: In general, Article 367 has been enacted to prevent the use of some provisions of non -recognition to avoid American taxes to transfer property between … Read more

USCIS Suspends E-Verify Amid Government Shutdown

Written by: Dawn Lurie, Alexander Madrak and Matthew Parker* Morning of uncertainty Employers this morning woke up to the news of the closure of the federal government, which prompted immediate concern about compliance with the employment license. The main between those concerns: the availability of E-Verify. Questions like “Will E-Verify online remain on the Internet?” … Read more

Nelson Mullins – IRS Issues Final Regulations on Information Reporting by Brokers Regularly Providing Services Affecting Digital Asset Transactions

The internal revenue service (“IRS”) released the final regulations on December 27, 2024, related to the requirements for reporting information to the mediators of digital asset transactions. Treasury Base No. 2024-30496, “The total revenues that are reports by brokers who regularly provide services that affect digital asset sales” (“List”)[1] The brokers are required to return … Read more