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The U.S.-Canada trade conflict has escalated significantly over the past several months, marked by the rollout of retaliatory tariffs and warnings of slowing economic growth. President Donald Trump signed a proclamation on October 23, 2026, modifying the 50% U.S. tariffs on Canadian imports under Section 338 of the Tariff Act of 1930, which takes effect…
The U.S. Treasury Department has proposed regulations that would implement the 21st Century ROAD to Housing Act, which restricts certain large institutional investors from purchasing single-family homes beginning January 7, 2027. Under the law, the restrictions generally would apply to an investor engaged in the business of investing in, owning, renting, managing or holding single-family…
Revenue Ruling 2026-20 and Notice 2026-62 address certain exchange-traded fund (ETF) and tax-aware investment fund strategies, including transactions involving Section 351 contributions. The ruling addresses an investor that, as part of a plan, contributes a diversified portfolio of appreciated securities to a newly formed ETF in an exchange intended to qualify under Section 351. Under…
In the first quarter of 2026, Brent crude nearly doubled, from $61 to $118 a barrel, its largest inflation-adjusted quarterly increase in data going back to 1988. For an unhedged company, a move like that goes straight to the margin. Take a manufacturer with $40 million in revenue, cost of goods sold at 60% of…
University Hospitals (UH), an 18-hospital system based in Cleveland, has spent the past week recovering from a cybersecurity incident that took digital services offline and led to the rescheduling of some appointments and elective procedures. The incident remains under investigation, and the facts may change. Even so, the disruption already raises practical questions for every…
The IRS released the November 2026 applicable federal rates (AFRs), which are higher than October’s. Accordingly, any client planning an intrafamily loan, an installment sale to a grantor trust or a seller-financed sale has only a few days left to lock in October’s lower rates. Current Rate Change As published under IRC §1274(d), October 2026…
