Tax Law and International Tax Law

A sophisticated tax planning technique for take-private transactions demonstrates how companies can leverage built-in losses from one subsidiary to offset gains from another, potentially achieving stepped-up tax basis at no incremental cash cost.

A recent court decision may entitle millions of taxpayers to refunds of penalties and interest assessed during the COVID-19 federal disaster period, but the window to file protective claims is closing fast. The July 10, 2026 deadline applies...

Can states impose income taxes on out-of-state corporations that engage in online customer support activities like email assistance and chat services? A recent New York appellate court decision upholds state regulations that challenge the boundaries of a 1959 federal law designed to protect remote sellers from state taxation, potentially reshaping how e-commerce companies face tax liability across multiple jurisdictions.