Proposed Regulations on Taxation of U.S. Income Earned by Foreign Governments

The recent surge in foreign government investing in the U.S. economy, particularly through Sovereign Wealth Funds, has prompted the Internal Revenue Services (“IRS”) to modify the existing Section 892 regulations regarding taxation of U.S. income earned by foreign governments. In a nutshell, Section 892 exempts foreign governments’ income from investing in U.S. stock, bonds and…

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State-level Policies and The Growth of Solar Power: Interconnection and Net Metering

Last week we discussed mandatory renewable energy requirements like Renewable Portfolio Standards (RPS), the first of three key policies at the state-level that support the growth of solar energy in the U.S. This week, we will address the second two methods of promoting solar power use, Interconnection and Net-Metering. Unlike conventional power sources, solar power…

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A Caveat for Renunciation

Whether or not one is up-to-date in their U.S. tax and reporting obligations, renunciation of U.S. citizenship may be the most sensible option in some cases.  Someone who is not current can simply get themselves into compliance before beginning the renunciation process.  Depending upon an individual’s income and tax situation, getting caught up on six…

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State-level Policies and The Growth of Solar Power

Rising fossil-fuel prices and environmental concerns have led to a growing demand for renewable energy sources such as solar power.  Compared to conventional energy and other renewable energy sources, solar power has the advantage of being generated locally, which both increases efficiency and greatly reduces the costs and environmental impacts of transmission .  As a…

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