August 10, 2020

SPAC Alpha published an article by Tax Partner Luis Leon, about the challenges of PFIC rules for unwary SPACs.

By Luis Leon, Partner, Tax & Business Services

Special Purpose Acquisition Companies (SPAC)

Excerpt:

SPACs formed outside the U.S. meet the PFIC income and assets tests right after the IPO and therefore U.S. shareholders investing in these entities are subject to the PFIC regulations.

Click here to read a PDF version of the article >>

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Marcum Technology CEO Peter Scavuzzo spoke with Accounting Today’s The Frontier, for a column about the intelligence quotient in Artificial Intelligence.

Bloomberg quoted Tax Partner Michael Greenwald about the challenges of tax arbitrage facing any winner of the billion-dollar-plus Powerball jackpot.

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SPAC Alpha published an article by Tax Partner Luis Leon, about the challenges of PFIC rules for unwary SPACs.

Related Insights & News

Creating Powerful Litigation Complaints

Marcum Technology CEO Peter Scavuzzo spoke with Accounting Today’s The Frontier, for a column about the intelligence quotient in Artificial Intelligence.

Bloomberg quoted Tax Partner Michael Greenwald about the challenges of tax arbitrage facing any winner of the billion-dollar-plus Powerball jackpot.

Marcum Technology Senior Director Holly Stamper Morgan wrote a column on the benefits of ERP systems for Crain’s Cleveland Business.

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