Weil Tax BLOG - Feed https://tax.weil.com/contributor/blake-bitter/ Views and developments from the Tax Department at Weil Tue, 05 May 2026 15:19:09 +0000 hourly 1 International Comparative Legal Guide (ICLG) – USA: Corporate Tax Laws and Regulations 2026 https://tax.weil.com/latest-thinking/international-comparative-legal-guide-iclg-usa-corporate-tax-laws-and-regulations-2026/ Thu, 18 Dec 2025 19:27:07 +0000 Devon Bodoh Joseph Pari Blake Bitter https://tax.weil.com/?p=2598 In this chapter, we provide an overview of Tax laws and regulations applicable in the U.S. View our chapter here. *This chapter first appeared in the International Comparative Legal Guide (ICLG) – Corporate Tax 2026

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]]> Updated Procedures for Section 355 Private Letter Rulings: Rev. Proc. 2024-24 and Notice 2024-38 https://tax.weil.com/features/updated-procedures-for-section-355-private-letter-rulings-rev-proc-2024-24-and-notice-2024-38/ Mon, 13 May 2024 14:03:43 +0000 Joseph Pari Devon Bodoh Graham Magill Blake Bitter Madeline Joerg Grant Solomon Adam Sternberg https://tax.weil.com/?p=2198 On May 1, 2024, the Treasury Department and Internal Revenue Service (the “Treasury” and “IRS,” respectively) issued Revenue Procedure (“Rev. Proc.”) 2024-24 and Notice 2024-38 (collectively, the “Guidance”). The Rev. Proc. provides procedures for requesting private letter rulings from the IRS relating to certain matters pertaining to transactions intended to qualify under Section 355 and

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]]> Here We Go – Excise Tax Proposed Regulations Largely “NSYNC” with Notice 2023-2 https://tax.weil.com/features/here-we-go-excise-tax-proposed-regulations-largely-nsync-with-notice-2023-2/ Tue, 23 Apr 2024 12:50:04 +0000 Joseph Pari Devon Bodoh Graham Magill Blake Bitter Grant Solomon https://tax.weil.com/?p=2186 On April 9, 2024, the Treasury Department (the “Treasury”) and Internal Revenue Service (the “IRS”) issued two sets of proposed regulations (the “Proposed Regulations”) regarding the application of the section 4501 excise tax on repurchases of corporate stock (the “Excise Tax”) and the reporting and payment of such taxes. The Proposed Regulations generally follow the approach of

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]]> International Comparative Legal Guide (ICLG) – USA: Corporate Tax Laws and Regulations 2024 https://tax.weil.com/latest-thinking/international-comparative-legal-guide-iclg-usa-corporate-tax-laws-and-regulations-2024/ Wed, 13 Dec 2023 15:43:58 +0000 Joseph Pari Devon Bodoh Blake Bitter https://tax.weil.com/?p=2065 In this chapter, we provide an overview of Tax laws and regulations applicable in the U.S. View our chapter here. *This chapter first appeared in the International Comparative Legal Guide (ICLG) – Corporate Tax 2024.

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]]> International Comparative Legal Guide (ICLG) – USA: Corporate Tax Laws and Regulations 2022 https://tax.weil.com/latest-thinking/international-comparative-legal-guide-iclg-usa-corporate-tax-laws-and-regulations-2022/ Wed, 08 Dec 2021 16:45:58 +0000 Devon Bodoh Joseph Pari Blake Bitter https://tax.weil.com/?p=1504 In this chapter, we provide an overview of Tax laws and regulations applicable in the U.S. View our chapter here. *This chapter first appeared in the International Comparative Legal Guide (ICLG) – Corporate Tax 2022.

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]]> COVID-19 – Benefiting from Worthless Stock Losses https://tax.weil.com/covid19-updates/covid-19-benefiting-from-worthless-stock-losses/ Tue, 14 Apr 2020 01:44:00 +0000 Devon Bodoh Graham Magill Joseph Pari Blake Bitter http://tax.weil.com/?p=920 As the economic effects arising from the worldwide spread of the novel Coronavirus (COVID-19) continue to develop, it is clear that forced closures, travel and trade restrictions, steep declines in demand, and other pressures will cause many businesses throughout the world to struggle. In these uncertain times, taxpayers may obtain a significant benefit by evaluating

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]]> As the economic effects arising from the worldwide spread of the novel Coronavirus (COVID-19) continue to develop, it is clear that forced closures, travel and trade restrictions, steep declines in demand, and other pressures will cause many businesses throughout the world to struggle. In these uncertain times, taxpayers may obtain a significant benefit by evaluating

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]]> Guidance on Certain Net Operating Loss Elections Under the CARES Act https://tax.weil.com/covid19-updates/guidance-on-certain-net-operating-loss-elections-under-the-cares-act/ Mon, 13 Apr 2020 07:58:00 +0000 Devon Bodoh Graham Magill Joseph Pari Blake Bitter http://tax.weil.com/?p=928 On April 9, 2020, the Internal Revenue Service issued procedural guidance addressing the new 5-year net operating loss (NOL) carryback period enacted as part of the CARES Act. Specifically, Revenue Procedure 2020-24 provides detailed guidance on making an election to (i) waive the carryback period for an NOL arising in a taxable year beginning in

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]]> On April 9, 2020, the Internal Revenue Service issued procedural guidance addressing the new 5-year net operating loss (NOL) carryback period enacted as part of the CARES Act. Specifically, Revenue Procedure 2020-24 provides detailed guidance on making an election to (i) waive the carryback period for an NOL arising in a taxable year beginning in

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