Michele Weiss, principal and tax attorney at Holtz, Slavett & Drabkin, along with Carneil Wilson (Dentons), David Richardson (Reitler, Kalls & Rosenblatt), Megan Dollenmeyer (Frost Brown Todd), and Max Pakulak (Andersen Tax), will be speaking on a panel about Hot Topics for Passthroughs at the upcoming ABA Midyear Tax Meeting. The program will take place on Thursday, February 20, 2024, at 8:00 a.m. Pacific Time at the JW Marriott Los Angeles LA Live.
The panel will present on a myriad of hot topics impacting passthroughs and their investors. Michele will focus on non-cash charitable contribution deductions and on a practical look at Loper Bright Enterprises, et. al. v. Raimondo, et. al. 144 S.Ct. 2244 (2024). Learn how to help ensure that the IRS allows claimed deductions for non-cash charitable contributions, including understanding the statutory and regulatory requirements that must be met. Michele will also discuss abuse in this area. The IRS has placed art donations on its Dirty Dozen list.
What is the impact of Loper Bright on tax cases? Last year, the Supreme Court issued its decision in Loper Bright, which overturned decades of jurisprudence on Chevron deference. Pursuant to Chevron, courts were required to defer to regulatory interpretations of ambiguous statutes if the court determined that the regulatory interpretation was “a reasonable” interpretation of the statute. Loper Bright ended Chevron deference requiring courts to determine the best interpretation of the statute with limited, if any, deference to administrative authority. Michele will look at how courts have applied Loper Bright, taking a practical look at Loper Bright’s impact on the IRS’ regulatory authority.
For more information on non-cash charitable contribution deductions and/or how Loper Bright could impact your pending tax matter, you can contact Michele at 310-550-6200 or mweiss@hsdtaxlaw.com.