Mondaq USA: Tax
Proskauer Rose LLP
We last updated our readers in February 2014 on issues related to the disclosure and automatic exchange of financial information on an international basis.
McDermott Will & Emery
FFRF’s co-presidents receive a housing allowance as part of their compensation package. Because Gaylor and Barker are not "ministers of the gospel," however, they must pay income tax on their housing allowances.
Reinhart Boerner Van Deuren S.C.
Directors, trustees and managers of foundations and endowments owe fiduciary duties to the organizations they oversee, similar to the fiduciary duties of directors at for-profit companies.
Grant Thornton LLP
In general, New York State imposes sales tax on every retail sale of tangible personal property, other than sales for resale, and sales of some specific services.
Bradley Arant Boult Cummings LLP
After several months’ wait and efforts to deal with pesky tax and geographical issues involving the police jurisdictions that surround most Alabama municipalities, the Alabama Department of Revenue last Friday posted a very helpful online sales tax rate look-up database for retailers.
Withers LLP
A letter from the Internal Revenue Service threatening to impose substantial (some would say draconian) penalties can be a harrowing experience for any taxpayer or their advisor.
Withers LLP
For the first time, the IRS streamlined filing procedures are available to US resident taxpayers who have unreported foreign income or financial accounts.
Withers LLP
In this case, the taxpayer argued that he was entitled to judicial review in Tax Court of the underlying tax liability because he had not received the Notice of Deficiency.
McDermott Will & Emery
It is important for private equity purchasers to mitigate the creation of Subpart F income in structuring the acquisition and holding of the stock of a non-U.S. portfolio company.
McDermott Will & Emery
In February 2014, the Internal Revenue Service overhauled its guidance on the conduct of transfer pricing examinations by publishing the Transfer Pricing Roadmap.
McDermott Will & Emery
FATCA went into effect on July 1, 2014, after numerous delays and multiple rounds of administrative guidance.
McDermott Will & Emery
Several recent corporate spin-offs in the United States have involved real estate investment trusts (REITs).
Fox Rothschild LLP
A Pennsylvania Supreme Court case involving a severely injured woman’s hastily executed power of attorney used to select retirement benefits has led to a new state law intended to protect older residents, while also protecting those accepting the power.
McGuireWoods LLP
For those of you who’ve waited patiently for tax extenders to return to the legislative limelight, the time is nigh.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
IRS private letter rulings approving management contracts outside the safe harbors for some time have focused principally on the absence of an interest in net profits.
Fox Rothschild LLP
As to pre -1987 earnings and profits, such e&p is allocated to specific years and distributions sourced to such pre-1987 earnings and profits are "layed" to the proper tax year per section 902(c)(6).
Grant Thornton LLP
The Texas First Court of Appeals has ruled that the owner of natural gas stored in a Texas reservoir was properly assessed local property tax, regardless of whether the gas was sold in interstate commerce.
BakerHostetler
On July 1, 2014, the Internal Revenue Service ("IRS") released Form 1023-EZ, Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code ("Code").
Reed Smith
The Massachusetts Taxpayers Foundation put on their annual tax conference with panels comprised of a mix of tax practitioners and government officials.
Ostrow Reisin Berk & Abrams
Generally, withdrawals from a traditional IRA are taxable, but there is an exception for rollovers.
Latest Video
Most Popular Recent Articles
Ostrow Reisin Berk & Abrams
Cash contributions are fundamental sources of revenue for your organization; however, do not underestimate the importance and value of receiving gifts-in-kind.
McGuireWoods LLP
On January 27, 2014, the Internal Revenue Service published Revenue Procedure 2014-18.
Grant Thornton LLP
The IRS issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Orrick
The IRS and Treasury Department announced a number of new regulations intended to make it more difficult to qualify for tax advantages associated with inversion transactions.
Fisher & Phillips LLP
The IRS handed health care flexible spending account participants an early Christmas present on Halloween when it modified cafeteria plan "use-it-or-lose-it" rules.
Reed Smith
Overseas Shipping Group ("Overseas") recently sued its former attorneys, a prominent New York-based law firm, for legal malpractice in drafting credit agreements that resulted in the company incurring an estimated $463 million in tax liability.
Proskauer Rose LLP
On October 31, 2013, the Internal Revenue Service (IRS) released Notice 2013-71 (Notice), which modifies the "use or lose" rule for health flexible spending accounts (health FSAs) to allow a $500 annual carryover of unused contributions, provided that cafeteria the plan offering the health FSA does not incorporate the "grace period" rule.
Rackemann, Sawyer & Brewster PC
Careful attention should be given to the manner in which the income and gain from the property will be taxed in addition to the other aspects of ownership.
McDermott Will & Emery
FATCA went into effect on July 1, 2014, after numerous delays and multiple rounds of administrative guidance.
Holland & Knight
The IRS announced substantial changes to both the Streamlined Filing Compliance Procedures for Non-Resident, Non-Filer Taxpayers and the OVDP.
Article Search Using Filters
Related Topics
Popular Authors
Popular Contributors
Tools
Font Size:
Translation
Channels
Mondaq on Twitter
Partners