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Liabilities not assumed and not includable in basis until service is performed. Taxpayers urged to examine past, present and future acquisitions.

Analyzing a target’s tax exposure can reduce uncertainty and help you proceed with confidence.

Determining the after-tax value of a company will help you realize its full potential during a sale.

Seeking tax advice is critical when a company is considering refinancing or modifying debt obligations or filing for bankruptcy.

“Investment asset’’-rich spinoffs, similar to Yahoo’s Alibaba spinoff, and spinoffs followed by REIT/RIC elections, fall victim to “no-rule” policy.

Tax planning offers opportunities for minimizing issues caused by income in respect of decedent.

When looking to carryback an NOL following a leveraged buy-out or distribution, the CERT rules of IRC section 172(h) are often a trap for the unwary.

In a merger, a shareholder received stock and cash. His receipt of cash was taxable “boot” to the extent he realized gain.

The $32 billion deal required Shire, Baxalta and Baxter to address the tax treatment of Baxter’s 2015 spin-off of Baxalta.

Related-party traps can lead to ordinary income, as opposed to capital gain, recognition by pre-transaction target entity shareholders.

Accrual-basis taxpayers cannot include assumed liabilities in the cost basis of acquired assets until the liabilities meet the all-events test.

Failure to avoid legal or substantive stapling of debt and equity could result in lost tax deductions.

Sometimes paying a tax can be a sound planning idea.

Retail and remote sales companies should understand how states collect millions in unpaid sales tax from internet sales and other remote purchases.

When developing plans to expand or improve facilities, manufacturers should take an approach that includes analysis of tax opportunities.

Learn how sell-side due diligence can help maximize value and minimize negotiations.

Analysis of ASU 2016-13’s new credit impairment guidance (e.g., the CECL model), including a comparison of the new guidance to the old.

Credits and incentives aren’t just for new businesses. Learn how private equity companies may be able to benefit when buying existing businesses.

This guidance provides updates on the tax treatment of remodel or refresh expenditures and a safe harbor method of accounting for qualified taxpayers.

The guidelines for determining ACA employment status when an employer changes the measurement method or period are clarified in Notice 2014-49.