Accrued unpaid interest and principal payments will be included in calculating excise taxes on self-dealing loans after the expiration of the limitations period Last month the Internal Revenue Service (“IRS”) revised Technical Guide 58 (“TG58”) concerning the excise taxes imposed for self-dealing transactions between private foundations and disqualified persons. While
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Carmody has elected three of its lawyers to the partnership effective January 1, 2023. Commenting on the promotion of the new partners, Managing Partner Rick Street said: “Stephanie, Janie and Tamara are all dedicated, smart lawyers who have made significant contributions to the firm and the communities where they live
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