In April, the Treasury released proposed regulations under section 512(a)(6) (the UBIT Silo Rules), enacted as part of the TCJA, which requires tax-exempt organizations to calculate their unrelated business taxable income (UBTI) separately for each…

Article featured on Thomson Reuters' Taxnet Pro, April 2020 As the U.S. looks to come back from what Warren Buffett described as a “big one-two punch” of a pandemic and collapsing oil prices, many industries are facing disruptions in business…

I’ve lived through both the highest highs and lowest lows of the IPO market since I first began working in Silicon Valley in the late 1990s. I’ve experienced both the manic days of the dot-com boom’s seemingly daily S-1 filings (remember Pets.com…