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Alston & Bird

IRS Signals Increased Scrutiny of Deductibility of Success-Based Fees in M&A Transactions

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Our Tax Group sheds light on recent IRS rulings that disallow deductions involving success-based fees in M&A transactions. Contrary to common practice, the IRS recently ruled target companies could not deduct success-based...more

Faegre Drinker Biddle & Reath LLP

Strict IRS Regulatory Requirements Could Derail Your Plans: IRS Memo Denies Taxpayer’s Deduction of Investment Banking Fees

Faegre Drinker Biddle & Reath LLP on

The IRS recently published an Office of Chief Counsel Memorandum, ILM 201830011, in which a taxpayer’s entire success fee paid to an investment bank had to be capitalized instead of deducted. The memo concluded that...more

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