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NGL Energy Partners Announces Earnings Call streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Kisor) always grab attention. The latest deference case in the tax area is Mayo Clinic In the Mayo Clinic case, the question was whether the taxpayer was a “qualified organization” exempted from paying unrelated business income tax (UBIT) on unrelated debt-financed income under Internal Revenue Code (Code) Section 514(c)(9)(C)(i). Answering this question required determining whether the taxpayer was an “educational organization which normally maintains a regular faculty and curriculum and normally has a regularly enrolled body of pupils or students in attendance at the place where its educational activity are regularly carried on” within the meaning of Code Section 170(b)(1)(A)(ii). Relying in part on Treasury Regulation Section 1.170A-9(c)(1), the government asserted that the taxpayer was not a qualified organization because it was not an educational organization because its primary function was not the presentation of formal instruction (primary-function re ....
Monday, May 17, 2021 In the latest tax regulation deference case, the Eighth Circuit provided guidance to taxpayers and tax practitioners on the “analytical path” to resolve the question of whether a tax regulation is a valid interpretation of the Internal Revenue Code. The court held that the regulation was invalid in part because it unreasonably added conditions to the statutory requirements for qualified educational organizations, however, it was valid as to its interpretation regarding the permissible scope of the taxpayer’s activities to fit within the applicable statute. The opinion is noteworthy for its detailed examination of statutory and legislative history, judicial interpretations and agency position during legislation in its analysis of Congress’ intent. ....
CrossAmerica Partners LP Reports First Quarter 2021 Results streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Sunoco LP Announces First Quarter 2021 Financial and Operating Results and Development of Refined Products Terminal in Brownsville, Texas - Reports solid first quarter results generating net income of $154 million, Adjusted EBITDA(1) of $157 million and Distributable Cash Flow, as adjusted(1) of $108 million - Reaffirms full-year 2021 Adjusted EBITDA(1)(2) guidance of $725 to $765 million - Expands midstream footprint with development of a refined products terminal in Brownsville, Texas News provided by Share this article Share this article DALLAS, May 6, 2021 /PRNewswire/ Sunoco LP (NYSE: SUN) ( SUN or the Partnership ) today reported financial and operating results for the three-month period ended March 31, 2021. The Partnership s solid first quarter results demonstrate the durability of its business and management s capacity to navigate difficult operating conditions as SUN faced the combined challenges in the quarter from persistently risin ....