Weil Tax BLOG - Feed https://tax.weil.com/category/legal-developments/ Views and developments from the Tax Department at Weil Tue, 14 Apr 2026 20:54:30 +0000 hourly 1 Weil Tax Insight Series: The One, Big, Beautiful Bill Act: The Future of Tax Policy? https://tax.weil.com/insights/weil-tax-insight-series-the-one-big-beautiful-bill-act-the-future-of-tax-policy/ Tue, 08 Jul 2025 21:35:35 +0000 Joseph Pari Devon Bodoh Steven Lorch https://tax.weil.com/?p=2551 After much debate on Capitol Hill, President Trump signed into law the One, Big, Beautiful Bill Act (the “Bill”) on July 4, 2025, delivering a sweeping legislative tax and spending package. In this edition of the Weil Tax Insight Series, Tax Head Joe Pari, International Tax Head Devon Bodoh, and Energy Tax partner Steven Lorch

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]]> Final Regulations: Guidance on Reporting and Payment of Excise Tax https://tax.weil.com/insights/final-regulations-guidance-on-reporting-and-payment-of-excise-tax/ Tue, 02 Jul 2024 15:52:31 +0000 Devon Bodoh Joseph Pari Grant Solomon https://tax.weil.com/?p=2266 On June 28, 2024, the Department of the Treasury (“Treasury”) and the Internal Revenue Service (the “IRS”) released final regulations (T.D. 10002) (the “Final Regulations”) that provide guidance applicable to the reporting and payment of the excise tax under section 4501 of the Internal Revenue Code of 1986, as amended (the “Code”), on repurchases of

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]]> On June 28, 2024, the Department of the Treasury (“Treasury”) and the Internal Revenue Service (the “IRS”) released final regulations (T.D. 10002) (the “Final Regulations”) that provide guidance applicable to the reporting and payment of the excise tax under section 4501 of the Internal Revenue Code of 1986, as amended (the “Code”), on repurchases of

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]]> Clear as Mud – Chevron Irreverence and Tax Law https://tax.weil.com/insights/clear-as-mud-chevron-irreverence-and-tax-law/ Mon, 01 Jul 2024 13:28:01 +0000 Devon Bodoh Joseph Pari Grant Solomon https://tax.weil.com/?p=2264 In a 6-3 decision written by Chief Justice Roberts, the Supreme Court in Loper Bright Enterprises v. Raimondo overturned the Court’s decision in Chevron v. Natural Resources Defense Council, 467 U.S. 837 (1984), and held that federal agency interpretations of law are not entitled to any deference (such as the deference provided to the Department

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]]> In a 6-3 decision written by Chief Justice Roberts, the Supreme Court in Loper Bright Enterprises v. Raimondo overturned the Court’s decision in Chevron v. Natural Resources Defense Council, 467 U.S. 837 (1984), and held that federal agency interpretations of law are not entitled to any deference (such as the deference provided to the Department

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]]> Supreme Court Abolishes Judicial Deference to Agency Interpretations of Law https://tax.weil.com/insights/supreme-court-abolishes-judicial-deference-to-agency-interpretations-of-law/ Fri, 28 Jun 2024 18:19:46 +0000 Mark Perry Josh Wesneski Max Bloom https://tax.weil.com/?p=2259 Today, in a 6-3 decision written by Chief Justice Roberts, the Supreme Court in Loper Bright Enterprises v. Raimondo overturned the Court’s decision in Chevron v. Natural Resources Defense Council, 467 U.S. 837 (1984), and held that agency interpretations of law are not entitled to any deference. By overruling what is known as “Chevron deference,”

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]]> Today, in a 6-3 decision written by Chief Justice Roberts, the Supreme Court in Loper Bright Enterprises v. Raimondo overturned the Court’s decision in Chevron v. Natural Resources Defense Council, 467 U.S. 837 (1984), and held that agency interpretations of law are not entitled to any deference. By overruling what is known as “Chevron deference,”

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]]> Use, not Abuse: Burlington and Treaty Benefits https://tax.weil.com/whats-new-on-the-blog/use-not-abuse-burlington-and-treaty-benefits/ Tue, 18 Jun 2024 13:14:55 +0000 Oliver Walker Enda Kerin https://tax.weil.com/?p=2251 The Upper Tribunal (“UT”) decision in The Commissioners for HMRC v Burlington Loan Management DAC (UT/2022/000144) provides welcome reassurance for participants in the UK secondary debt markets, and reaffirms the conclusions previously drawn by the First-tier Tribunal (“FTT”).  In summary, the fact that the sale of a debt claim to an unconnected third party is

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]]> The Upper Tribunal (“UT”) decision in The Commissioners for HMRC v Burlington Loan Management DAC (UT/2022/000144) provides welcome reassurance for participants in the UK secondary debt markets, and reaffirms the conclusions previously drawn by the First-tier Tribunal (“FTT”).  In summary, the fact that the sale of a debt claim to an unconnected third party is

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]]> Proposed Treasury Regulations Update Tax Standards for Bad Debt Deductions by Regulated Financial Companies https://tax.weil.com/insights/proposed-treasury-regulations-update-tax-standards-for-bad-debt-deductions-by-regulated-financial-companies/ Fri, 05 Jan 2024 13:38:48 +0000 Devon Bodoh Joseph Pari Stuart J. Goldring Alfonso Dulcey Renan Rodriguez https://tax.weil.com/?p=2096 On December 28, 2023, the U.S. Treasury Department (“Treasury“) and the Internal Revenue Service (“IRS“) issued proposed regulations (REG-121010-17) updating the standards for when a debt instrument held by a regulated financial company or a member of a regulated financial company group will be conclusively presumed to be worthless for U.S. federal income tax purposes

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]]> On December 28, 2023, the U.S. Treasury Department (“Treasury“) and the Internal Revenue Service (“IRS“) issued proposed regulations (REG-121010-17) updating the standards for when a debt instrument held by a regulated financial company or a member of a regulated financial company group will be conclusively presumed to be worthless for U.S. federal income tax purposes

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]]> Inflation Reduction Act: New Monetization Techniques Are Helpful, But May Be Limited For Partnerships with Tax-Exempt Investors https://tax.weil.com/features/inflation-reduction-act-new-monetization-techniques-are-helpful-but-may-be-limited-for-partnerships-with-tax-exempt-investors/ Tue, 31 Oct 2023 16:46:06 +0000 Greg Williamson Ben Oklan Andrew Lawson Weil Tax Blog https://tax.weil.com/?p=2033 The Inflation Reduction Act of 2022 (the “IRA”) includes two new monetization opportunities – (i) the ability to receive cash payments from the government in lieu of claiming certain tax credits (“Direct Pay”) and (ii) the ability to sell certain tax credits to third parties for cash (“Transferability”). These provisions were intended to increase the

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]]> Chambers Expert Focus Weil Tax Insight Series: Tax Implications of New Rules Under the Advisers Act https://tax.weil.com/features/chambers-expert-focus-weil-tax-insight-series-tax-implications-of-new-rules-under-the-advisers-act/ Tue, 17 Oct 2023 13:20:16 +0000 Robert Frastai Andrew Morris https://tax.weil.com/?p=2021 In this edition of the Chambers Expert Focus Weil Tax Insight Series, Weil Tax partners Robert Frastai and Andrew Morris discuss the impact of the SEC’s recently adopted rules under the Investment Advisers Act of 1940 on certain tax structuring and compliance matters for private funds, including after-tax clawback obligations, blocker and withholding taxes that are allocated to

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