United States: Income Tax

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Tax law and international tax law thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics such as capital gains tax, corporate tax, income tax, inheritance tax, national insurance, property taxes, sales taxes, VAT, GST, tax authorities, transfer pricing and withholding tax.

IRS Issues Interim Guidance On "Material Assistance" From A Prohibited Foreign Entity

On February 12, 2026, the Department of the Treasury ("Treasury") and the Internal Revenue Service ("IRS") released Notice 2026-15 (the "Notice"), providing long-awaited interim guidance on the restrictions on receiving "material assistance" from a prohibited foreign entity ("PFE") that were enacted by the One Big Beautiful Bill Act (the "OBBBA").

United States Tax

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Mayer Brown

Florida Legislature Proposes Not To Conform To One Big Beautiful Bill Tax Relief Provisions

On February 24, the Florida House and Senate released their initial tax proposals for the 2026 Regular Session. Both initial bills decouple from the corporate tax relief provisions...

United States Tax

JW

Jones Walker

Opportunity Zones 2.0 – Live From The Land Of OZ

Earlier today I had the honor and pleasure of hosting Emily Lavery from Fulcrum Public Affairs and Catherine Lyons from the Economic Innovation Group on our quarterly webinar series "From the Land of OZ" where we focus on all things OZ related.

United States Real Estate

DM

Duane Morris LLP

"No Tax On Overtime" And "No Tax On Tips": Key Considerations For Employers

Despite the simple and catchy sound-bites, the "no tax on tips" and "no tax on overtime" opportunities under the One Big Beautiful Bill Act have limits and require administration by both employers and employees.

United States Employment

PR

Proskauer Rose LLP

IRS Issues Interim Guidance On Special Depreciation Allowance Under The OBBBA

United States Tax

LL

Liskow & Lewis

Pillar Two: Side-by-Side Safe Harbour And Impact On US MNEs – New York Office Snippet

United States Tax

LL

Loyens & Loeff

CAMT Guidance Catches Up To R&D Relief

United States Tax

CW

Cadwalader, Wickersham & Taft LLP

What The Latest CAMT Guidance Means For Your Partnership Reporting

United States Tax

MG

MGO CPA LLP

Potential California Mandatory Worldwide Combination: Unintended Consequences

United States Tax

JW

Jones Walker

Top 10 Legal Issues Family Offices Should Prioritize In 2026

United States Tax

AF

ArentFox Schiff

Sale Of A Business To An ESOP – Key Tax Benefits

United States Tax

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Bond, Schoeneck & King PLLC

Understanding The Internal Revenue Code's "Augusta Rule"

United States Tax

Aa

Adams and Reese

Pillar Two: General Overview Of Side-by-Side Package – New York Office Snippet

United States Tax

LL

Loyens & Loeff

LDR Streamlines PTE Election Documentation Requirements

United States Tax

LL

Liskow & Lewis

Food Venture Financing News – Weekly Issue No. 264

United States Commercial

DW

Davis Wright Tremaine

The Empty Chair At Johannesburg: What It Says About US Power

United States International

SJ

Steptoe LLP

Back To School 2025: Title IX Updates And How ADR Can Help Universities Resolve Disputes (Podcast)

United States Litigation

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JAMS

Mediator-and Arbitrator-Retained Experts In Construction Or Business Disputes

United States Litigation

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JAMS

How I Learned To Love Mediator's Proposals - Why Modern Mediation Sometimes Calls For A Guiding Hand

United States Litigation

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JAMS

How American 'Jock Tax' And State Income Tax Affect NFL Players, Other Professional Athletes: The Sam Darnold Super Bowl Example

The "jock tax" remains one of the most complex and strategically significant areas of U.S. state income taxation, particularly for NFL players, NBA players, MLB athletes, and other high-income professional athletes whose compensation is allocated across multiple states.

United States Tax

RS

Rotfleisch & Samulovitch P.C.

Oregon Would Tax Oregonians (And Only Oregonians) On All Gain From The Sale Of QSBS Under Proposed Bill

Like its neighbors to the north (Washington), and south (California), Oregon has developed a reputation for being unfriendly to businesses.

United States Tax

BS

Ballard Spahr LLP

OBBBA And Financial Reporting: The Enactment Date Issue You Can't Ignore

As 2025 financial reporting deadlines approach, companies are assessing the income tax accounting implications of the One Big Beautiful Bill Act (OBBBA), enacted on July 4, 2025.

United States Tax

AM

Alvarez & Marsal

Tax-Efficient Charitable Giving At Death: Issues Requiring Consideration

Writing for the New York Law Journal, Karen T. Schiele and Alison Powers Herman of Carter Ledyard's Trusts & Estates practice, highlight the importance of a strategic approach to charitable estate planning.

United States Tax

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Carter Ledyard & Milburn

No Tax On Tips And No Tax On Overtime But Employer Reporting Obligations Are Not Free

United States Employment

JW

Jones Walker

LLC Operating Agreements: The Complete Guide For Business Owners

United States Commercial

CL

Cantrell Law Firm

The One Big Beautiful Bill: It's Big, But How Beautiful Is It? (Podcast)

United States Tax

LS

Lowenstein Sandler

The 'No Tax' Overtime Myth: Employer Payroll And Reporting Obligations Under The One Big Beautiful Bill Act Explained

United States Employment

FL

Fennemore

Second Circuit Affirms Tax Liability Resulting From S Corporation Ownership

United States Tax

LL

Liskow & Lewis

Case Study: Recovering $2.4 Million In Section 1202 Tax Savings After A Business Sale

United States Tax

MG

MGO CPA LLP

A&M's Asia–Pacific Private Capital Tax Top 10 – 2025 Q4

AM

Alvarez & Marsal

New Report Highlights Increase In Lifetime Real Estate Transfers In The U.S.

United States Real Estate

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Farrell Fritz, P.C.

Tim's Tax News On The Tenth – February 2026

United States Tax

LL

Lavelle Law

Conservation Tax Credit In NC: Who Is Eligible And How To Apply

United States Tax

YM

Young Moore and Henderson

How American 'Jock Tax' And State Income Tax Affect NFL Players, Other Professional Athletes: The Sam Darnold Super Bowl Example

The "jock tax" remains one of the most complex and strategically significant areas of U.S. state income taxation, particularly for NFL players, NBA players, MLB athletes, and other high-income professional athletes whose compensation is allocated across multiple states.

United States Tax

RS

Rotfleisch & Samulovitch P.C.

New Report Highlights Increase In Lifetime Real Estate Transfers In The U.S.

Leaving real estate to heirs through a will or a revocable trust has long been standard practice in estate planning. Many clients expect to pass along the home they have lived in for years...

United States Real Estate

FF

Farrell Fritz, P.C.

Tim's Tax News On The Tenth – February 2026

Last month, I wrote that certain income taxes can be discharged in bankruptcy if they meet a four-part test, the last test being a subjective test. Well, on January 20, 2026, Judge Bentley of the United States Bankruptcy Court...

United States Tax

LL

Lavelle Law

Conservation Tax Credit In NC: Who Is Eligible And How To Apply

North Carolina's new Conservation Tax Credit is an incentive created to encourage landowners and businesses to preserve valuable natural and cultural resources across the state.

United States Tax

YM

Young Moore and Henderson

New 2026 Laws In Pennsylvania That Could Impact Workers

United States Employment

MS

Miller Shah

Federal Court Upholds IRS Promoter Penalties Against Art Donation Program Operator Under IRC Section 6700

Afederal district court in Texas recently granted summary judgment in favor of the United States in a case involving penalties assessed against the operator of an art donation...

United States Tax

LL

Liskow & Lewis

Hybrid Horizons: U.S. Tax Considerations In Hybrid Capital Instruments

In the financial world, Hybrid Capital instruments occupy the space between traditional debt and equity. Common examples include preferred equity with a variety of debt-like features and "Holdco" notes.

United States Commercial

PR

Proskauer Rose LLP

Anti-abuse Provisions In Double Tax Treaties: Beneficial Ownership, The EU Danish Cases And U.S. Limitation On Benefits

In recent years, we have seen tax authorities increasingly relying on anti-abuse arguments to deny relief under double tax treaties.

AO

A&O Shearman

Inside Year One: Tax Developments Under A New Administration

The most important development of 2025 in the tax world was the passage of the OBBBA in July. The OBBBA permanently restored 100% bonus depreciation for eligible business property acquired after January 19, 2025...

United States Tax

BS

Ballard Spahr LLP

When A VPN Complicates State Income Sourcing

United States Tax

MG

MGO CPA LLP

4 Smart Money Moves For College Athletes Navigating NIL And Revenue Sharing

United States Tax

MG

MGO CPA LLP

How U.S. Businesses Can Deduct Outrageous Marketing "Loss Leaders" Expenses On Their Taxes: Lessons From A $3.2 Million Bluefin Tuna Purchase

United States Tax

RS

Rotfleisch & Samulovitch P.C.

GeTtin' SALTy Episode 69 | Oregon's 2026 Legislative Session: Transportation Turbulence, Tax Conformity, And What's Next (Podcast)

United States Tax

GT

Greenberg Traurig, LLP

Gone With The Wind: Inherited IRAs And The Big Stretch

United States Tax

BB

Beresford Booth

Key Takeaways | West Coast Forum 2025

United States Immigration

SR

McDermott Will & Schulte

A&M Tax Policy Quarterly Outlook: Q4 2025

United States Tax

AM

Alvarez & Marsal

2025 Overtime And Tip Tax Incentives: Are You Ready For Filing Season?

United States Employment

KR

Kaufman Rossin

One Big Beautiful Bill: New Tip Income Tax Rules Employers & Workers Need To Know

United States Employment

SH

Scarinci Hollenbeck LLC

Understanding Tax Obligations For Tribal Citizens

United States Tax

MG

MGO CPA LLP

Trump Accounts For Kids: Insights From Wall Street Journal On Savings Options

United States Tax

KR

Kaufman Rossin

California Market-based Sourcing Rules To Impact Asset Managers

United States Wealth Mgt

SR

McDermott Will & Schulte

One Big Beautiful Bill: New Overtime Tax Rules Employers And Employees Need To Know

United States Tax

SH

Scarinci Hollenbeck LLC

Déductibilité Fiscale Des Honoraires D'avocats Afférents À Une Opération De LBO

United States Tax

MB

Mayer Brown

Avoiding IRS Accuracy Penalties For A Substantial Underpayment Of Tax

United States Tax

FB

FBT Gibbons

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Latest Videos

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The Federal Tax Deductions For Tips And Overtime Pay: Opportunities For Restaurants Employers (Video)

JL

Jackson Lewis P.C.

C Corporation: Pros & Cons For Startups (Taxes, Investors & Liability) (Video)

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Crowley Law LLC

Do You Know The Tax Changes To Come In 2025? Here's How To Prepare Right Now. (Video)

McDonald Hopkins

Ten Minute Interview: How To Avoid Paying Even More Taxes (Video)

FL

Foley & Lardner

Mayer Brown Microtalk: Excise Tax (Video)

MB

Mayer Brown

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