In this first episode of a series on Business Exit Strategies, Vandenack Weaver Partner Mike Weaver joins our host, Mary Vandenack, Founder and Managing Partner at Vandenack Weaver...
In May 2021, President Biden's administration released a $6 trillion budget proposal for the coming fiscal year (Budget), including $3.6 trillion of tax increases over 10 years and generous tax credits to incentivize clean energy and certain infrastructure projects.
Frankfurt Kurnit Klein & Selz
You may recall that in November 2019, New York's Attorney General, Letitia James, sued B&H Foto & Electronics Corp., one of the country's largest independent photo and video equipment retailers (B&H), claiming that B&H knowingly failed to pay New York sales tax.
Kelley Drye & Warren LLP
On September 13, 2021, the House Ways and Means Committee released draft legislation advancing a series of tax proposals (the "Ways and Means Tax Proposals").
Butler Snow LLP
In Part I, we gave you a high-level overview of how New Markets Tax Credits ("NMTC") and Historic Rehabilitation Tax Credits ("HTC") can be combined to generate significant private capital...
Pryor Cashman LLP
Pryor Cashman's Nonprofit + Tax-Exempt Organizations Group co-chair Daniel Kurtz recently discussed an ongoing tax investigation into CORE Services Group...
Morrison & Foerster LLP
In August, the Federal Bar Association Section on Taxation held an informative roundtable on the IRS's new large partnership compliance or LPC program. One of the speakers, Maria Dolan ...
As many readers have noticed, I have been silent for the past few months. That is partly due to exhaustion from reporting on the flurry of tax events that have occurred since the COVID-19...
Stuart Morris discusses the need to recruit and retain trusts and estates attorneys in Florida with the influx of Americans relocating to the state and the Biden administration's anticipated tax exemption looming...
Riker Danzig Scherer Hyland & Perretti
On September 24, 2021, Governor Murphy signed a law amending N.J.S.A. § 54:5-89.1, with the amendment preventing investors who purchase homes subject to a tax foreclosure for below fair market value ...
Hughes Hubbard & Reed LLP
In mid-September 2021, the House Ways and Means Committee advanced proposed legislation that could affect the estate plans of high net worth individuals and families.
Two transfer pricing cases, in Australia and in Canada, address arm's length transfer pricing methodology for mined minerals during a period of steep increases in spot prices. In each case
The financial repercussions of the worldwide pandemic on family-owned businesses has been widely documented.
The tax provisions are included in a bill titled the "Build Back Better Act."
The world has been overtaken by non-fungible tokens or NFTs, particularly in the art and music worlds. Collectors throughout the US are grappling with the US tax treatment of gains from the sales of NFTs.
Holland & Knight
This CCA explains that the entertainment disallowance allocation rules applicable to flights on employer-provided aircraft do not apply to flights on aircraft operated by a sole proprietorship.
Last week, the House Ways and Means Committee announced its consideration of federal tax legislative proposals that include reducing the exclusion from income of gain on the sale of qualified...
Central to its mission of resolving these disputes in a "fair and impartial" manner is Appeals' independence from examination and other non-IRS Appeals functions.
Blue J Legal
Technology now makes it possible for tax practitioners to accurately anticipate the outcome of tax disputes.
Alston & Bird
Although the negotiation process has slowed due the Covid-19 pandemic, demand for bilateral advance pricing agreements (APAs) between India and the US continues to ...