Traditionally, founders and employees with stock options in early-stage companies had to wait until their companies were sold or went public in an initial public offering (IPO) to liquidate their equity interests. Occasionally, a founder might find a buyer for his / her shares, but that was the exception rather than the rule.

It is critical for distressed companies to retain and motivate key talent both during the bankruptcy process and upon emergence from bankruptcy.

On July 29, 2014, Windstream Holdings, Inc. announced its plans to spin-off certain telecommunication network assets into a publicly traded real estate investment trust (REIT) following the issuance of a favorable private letter ruling from the Internal Revenue Service. According to the company, a successful REIT formation transaction will enable it to accelerate the pace of its network investments, enhance its service offerings to customers and maximize shareholder value.

A&M’s Tim Waters spoke to The Grocer about his recent report on the future of home delivery fulfillment in the UK grocery market, tackling tough issues such as “can online be profitable for grocers? And if so, how?”

Just before summer, the IRS spoke unofficially about a new audit initiative covering Section 409A compliance for deferred compensation. This appears to be the first organized audit initiative specifically geared at Section 409A compliance since the legislation was enacted nearly a decade ago as a result of several corporate scandals and perceived abuses by executives in the early 2000s.

Just before summer, the IRS spoke unofficially about a new audit initiative covering Section 409A compliance for deferred compensation.

Over the last 15 years, e-commerce has become an increasingly important part of the U.S. economy.

Global companies are changing their operating models to meet increasingly complex demands on their businesses. Too often companies struggle with how to effectively adapt their demand planning operations as these models evolve. If not done right, it can lead to unclear and inaccurate forecasting, ultimately putting the long-term viability of the business at risk.

As shown by the results of Alvarez & Marsal’s recent survey of public company change in control agreements (“golden parachutes”), the reaction to the heavy criticism leveled at such agreements over the last decade has been to continue the trend towards either eliminating them or reducing the amount payable under them, often substantially.

It has been 17 years since the United Stationers’ case fundamentally changed the government’s view on the research tax credit and created a new standard known as the “discovery test” (United Stationers, Inc. v. U.S., 163 F3d 440 (1998)).

Foreign tax credits (FTCs) aim to alleviate double taxation by providing a dollar-for-dollar reduction of U.S. tax liability. U.S. multinationals rely on FTCs to reduce cash tax, improve their effective tax rate and optimize earnings per share. They can be highly valuable tax attributes.

For the second consecutive year, A&M received Global M&A Network’s highest honor, the Turnaround Atlas Award for Global Turnaround Consulting Firm of the Year. A&M also was awarded the following Turnaround Atlas Awards: Healthcare Services Turnaround of the Year for its work with Rural/Metro Corporation; Cross Border Restructuring of the Year for our work with Central European Distribution Corporation; and Pre-Packaged Restructuring of the Year – Middle Markets for its work with Education Holdings.

The passive activity loss rules of Section 469 of the Internal Revenue Code limit the losses that an individual, trust, estate, closely held C corporation, or a personal service corporation can recognize from trade or business activities in which the taxpayer does not “materially participate.”

The following fact-based analysis, which contains nearly 200 identified references, is a must-read for every
concerned U.S. citizen. Alvarez & Marsal’s Healthcare Industry Group analyzed the $2.6 trillion healthcare
sector to better understand the potential impact of the PPACA. This analysis takes a convergent view across
the healthcare industry spectrum, incorporating multiple vantage points; from clinical medicine to hospital
system C-suites and employers; from the finance community to public policy leaders.

Frank Underwood likely would appreciate that as tax advisors, we are often called upon to fight chaos with chaos. Chaos, of course, describing the present state of our tax system. One particularly chaotic area is determining what constitutes “reasonable compensation” for U.S. federal income tax purposes, particularly with respect to closely-held corporations.