Herman Spence III
Jack Cummings Receives Tax Notes’ Award for Excellence in Tax Commentary
Jack Cummings received Tax Notes’ inaugural Award for Excellence in Tax Commentary on May 3 at the ABA Tax Section’s annual meeting. Jack is counsel in…
Wells Hall Becomes Chair of the ABA Section of Taxation
Our colleague Wells Hall is now the chair of the ABA Tax Section. Congratulations Wells! Wells is an attorney with Nelson Mullins and a long-time mainstay of…
Recent National Articles about North Carolina Tax Matters
There have been several recent national articles about North Carolina tax matters. 1. The May 11, 2022 issue of Taxes – The Tax Magazine has an article…
NONTAXABILITY OF WORKING CONDITION FRINGE BENEFITS IN LIGHT OF THE SUSPENSION OF MISCELLANEOUS ITEMIZED DEDUCTIONS
On November 7, 2019, John Hodnette posted an article on the Tax Section’s blog regarding employee educational fringe benefits. As noted in the article,…
Executive Compensation Excise Tax On Tax-Exempt Organizations Produces Surprising Results
The IRS recently issued Notice 2019-9 to provide interim guidance on the excise tax on certain executive compensation paid by applicable tax-exempt…
Qualified Opportunity Zones
On October 19 the IRS issued proposed regulations and a revenue ruling about opportunity zones, which are an important tax incentive program in the major tax…
When Are Meal Expenses Nondeductible Entertainment?
The IRS recently issued Notice 2018-76 to provide transitional guidance on the deductibility of certain business meal expenses. Taxpayers may rely on the…
Tax Reform: Selected Planning Points
Below are selected planning points regarding recent tax changes. This summary does not discuss which provisions are temporary and which are permanent. A.…
Tax Questions For Discussion: Please Respond
Please provide comments about the issues below to Herman Spence at [email protected]. I will summarize the responses and post them on the Tax…