Massachusetts Department of Revenue Releases Emergency Regulation Related to "Check-the-Box" Conformity

In Addition to Predicted Rules, the Emergency Regulation Imposes Unexpected Tax Liability and Complex Reporting Procedures
Practical U.S./Domestic Tax Strategies, December 1, 2008

Joseph Donovan, David Nagle, and Andrew Sucre wrote an article entitled "Massachusetts Department of Revenue Releases Emergency Regulation Related to 'Check-the-Box' Conformity." The article discusses the emergency regulation filed by the Department of Revenue and the unexpected provisions that impose both unforeseen tax liability and onerous reporting burdens, particularly in the context of untaxed earnings of corporate trusts.