In this installment of U.S. Tax Review, tax partners Larissa Neumann and Mike Knobler, with input from Sean McElroy on the digital asset broker reporting item, and former Fenwick tax partner Julia Ushakova-Stein explain how political changes may affect tax legislation and discuss the Tax Court’s ruling on penalties in Microsemi, the interest deduction ruling in Exxon, and comments on section 988 proposed regulations, among other developments.
Read the full commentary and analysis in Tax Notes.