On May 15, 2013, the Department of the Treasury issued final regulations regarding a new election now permitted under Section 336(e) of the Internal Revenue Code that allows sellers to elect to treat ...

Major commercial drone operators, some represented by the Commercial Drone Alliance, are lobbying hard to repeal a law that protects certain hobby flyers from burdensome regulations that would do ...

Soon, perhaps even by the time you read this, the rules for flying remote-controlled aircraft in the United States will be very different. The Federal Aviation Authority (FAA) is pushing hard to ...

Final regulations were issued last month under IRC Section 336(e). These regulations present beneficial planning opportunities in certain circumstances. For qualifying transactions occurring on or ...

Before the Tax Reform Act of 1986 amended IRC section 336, it was possible for owners to remove assets from a corporation without a corporate-level tax. Section 336 now requires taxpayers to recognize ...

The FAA Modernization and Reform Act of 2012, Pub. L. 112-95 (February 14, 2012) (FMRA) included a number of provisions related to unmanned aircraft systems (UAS) operating in the National Airspace ...