Alvarez & Marsal
On January 31, 2024, the U.S. House of Representatives overwhelmingly passed The Tax Relief for American Families and Workers Act of 2024 (H.R. 7024) by a vote of 357 to 70...
Ankura Consulting Group LLC
The new corporate alternative minimum tax (CAMT) creates incentives for large companies to allocate more value to amortizing intangible assets...
On October 20, 2023, the Internal Revenue Service ("IRS") announced the launch of a three-pronged corporate tax compliance initiative as part of the Inflation Reduction Act of 2022...
Starting a tech company is an exhilarating journey filled with innovation, challenges, and growth.
If they observe the formalities, contingent-fee lawyers can defer their legal fees, have them invested pretax, and have them paid and taxed later. They must implement those arrangements...
Partridge Snow & Hahn
Beginning on January 1, 2024, the vast majority of new and existing business entities will become subject to beneficial ownership information reporting requirements under the Corporate Transparency Act and its related rules and regulations.
If you have lost loved ones in a fire or other disaster, taxes are the least of your worries.
Alvarez & Marsal
In a challenging economic environment, we commonly see businesses seek to re-evaluate strategic priorities. One common outcome of these considerations is where a business...
Crowell & Moring LLP
The IRS has been underfunded for many years, but that changed significantly with the landmark Inflation Reduction Act of 2022 (IRA), which gave the agency an additional $80 billion to be spent over 10 years.
Outstanding IRS liabilities can create many issues for taxpayers. To pay all or part of a liability, taxpayers may be required to seek a loan using personal or real property as security.
Proskauer Rose LLP
Welcome to December's edition of our UK Tax Round Up. This month has seen two interesting decisions on the connections needed for amounts to be taxed as employment income...
A limited liability company, or LLC, is a popular entity form for new businesses thanks to its inherent flexibility and numerous benefits.
Carter Ledyard & Milburn
Oral argument began on Tuesday in Moore v. United States. Commentators have blogged, tweeted, and written about the potential resounding implication of a verdict in this case.
As another year ends with interest rates and markets in flux, one thing remains certain: Reducing your company's tax bill can improve your cash flow and your bottom line.
Falcon Rappaport & Berkman LLP
As New York State anticipates licensing hundreds more cannabis businesses in the coming months, New York State has permitted New York City to decouple from
Cadwalader, Wickersham & Taft LLP
The recent Upper Tribunal ("UT") decision in JTI Acquisitions Company (2011) Ltd v HMRC  UKUT 194 (TCC) has further illuminated the interpretation and application of the "unallowable purposes" rule in the UK's loan relationships legislation.
The Organisation for Economic Cooperation and Development (OECD) issued the latest annual Corporate Tax Statistics, a report covering over 160 countries and jurisdictions that includes two years...
Preventing a late or invalid S corporation election or termination is a high priority for S corporations, their owners, and their advisors.
Kramer Levin Naftalis & Frankel LLP
On Dec. 19, 2023, Treasury announced the entry into force of the U.S.-Chile bilateral income tax treaty (the Tax Treaty). The Tax Treaty is the first new comprehensive...
Ropes & Gray LLP
The UK's tax strategy stabilised in 2023 – at least in the near-term – following a very disruptive 2022. Two fiscal events saw comparatively uneventful policymaking generally welcomed by the business community.