Archive for July 2017
Foreign Nationals Investing in U.S. Partnerships May be Entitled to Tax-favorable Treatment
On July 13, 2017, the United States Tax Court (the “Tax Court”) issued a very important opinion, that of Grecian Magnesite Mining, Industrial & Shipping Co., SA, v. Commissioner 149 T.C. 3 (2017). In this case, the Tax Court rejected the Internal Revenue Service’s (the “IRS’s”) approach for determining whether income from the disposition of…
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