In the News

Proposed Rules on Endowment Tax Criticized as Too Far-Reaching, Tax Notes

August 12, 2019

A LawFlash authored by Morgan Lewis partner Alexander Reid and associate Kensington Wolgamott was cited in a Tax Notes article about proposed guidance on the college and university endowment tax issued by the Internal Revenue Service and the US Department of the Treasury. Alex and Kensington noted that the proposal takes an “expansive interpretation” of the income categories that may be subject to the Section 4968 tax.

Read the full Tax Notes article >>