IRS clarifies federal tax treatment of environmental remediation costs

Article Abstract:

Remediation costs regarding cleanup of hazardous sites will increase despite the latest remediation technology and risk-based cleanup schemes. The Treasury Department and IRS promulgated two rulings elucidating the federal income tax treatment of environmental remediation costs. The two rulings Rev. Rul. 2004-18 and Rev. Rul. 2004-17 are examined.

Pollutants produced & recycled, Venture Analysis, Economic aspects, Business enterprises, Waste management, Environmental remediation

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The proposed tax treatment of non-compensatory partnership options

Article Abstract:

The IRS proposed regulations for partnership tax accounting are explored. Substantial economic effect regulations deal with non-compensatory options, which is not an option issued in connection with performance of services, and tracks value of partnership options.

Strategic alliances (Business)

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IRS releases proposed regulations on refunding bonds

Article Abstract:

The proposed regulations to be issued by IRS, relating to tax exempt government bonds, are examined for its implications for issuers and investors.

Government securities

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