Cryptoassets are traded on a global basis. Indeed, the markets are even more global and constant than markets in more conventional financial instruments, rivalled only perhaps by the FX markets in their reach.
Global, USA, Delaware, Banking, Compliance Management, Insolvency & Restructuring, IT & Data Protection, Collyer Bristow LLP, Corporate governance, Blockchain, Due diligence, Cryptocurrency
This update relates to our Alert dated March 17, 2016.
USA, Banking, Insolvency & Restructuring, Real Estate, Tax, Ropes & Gray LLP, Internal Revenue Service (USA)
On February 5, 2016, the Office of Chief Counsel of the Internal Revenue Service (“IRS”) released a memorandum (a “Memo”) related to the appropriate tax treatment of individuals or entities that invest in real estate limited partnerships and limited liability companies (“LLCs”) with non-recourse financing.1 In essence, the Memo determined that, for the taxpayer in question, (i) the existence of a tradi
USA, Banking, Insolvency & Restructuring, Real Estate, Tax, Ropes & Gray LLP, Limited liability company, Debt, Limited partnership, Liability (financial accounting), Internal Revenue Service (USA), Internal Revenue Code (USA)