ArticleSenate Passes GOP Tax Reform, Bill Heads To Conference CommitteeBy a vote of 51 to 49, the U.S. Senate passed the "Tax Cuts and Jobs Act."United StatesTaxHogan Lovells Cadwalader
ArticleSenate Postpones Action On Expired Provisions As House Tax Writers Advance New Permanent ExtensionsCongress continued its legislative work last month on the more than 50 tax provisions that expired at the end of 2013.United StatesTaxGrant Thornton LLP
ArticleSwiss Financial Institution Pays $4.4 Million And Turns Over 110 AmericansSwisspartners Group resolved a U.S. criminal tax probe by forfeiting $3.5 million and paying $900,000 in restitution for helping U.S. clients evade taxes.United StatesTaxBakerHostetler
ArticleTax Court Ruling Clears Way For Trust Material Participation In Trade Or Business ActivitiesThe U.S. Tax Court ruled that a trust can materially participate in trade or business activities based on the effort of its trustees.United StatesTaxGrant Thornton LLP
ArticleTax Law Still Leaves Room For Companies To Write Off Settlement AgreementsIn two recent Bloomberg Law articles, Kat Gregor comments on rules governing deductibility of payments enacted to governments as part of 2017 tax reform, including deporting requirements...United StatesTaxRopes & Gray LLP
VideoTax Reform And The Implications On Cross-Border IP (Video)Tax Reform And The Implications On Cross-Border IP - VideoUnited StatesTaxMcDermott Will & Emery
ArticleTax Regulations Subject To New 2-1 RuleYesterday, President Trump signed an executive order that requires government agencies to identify two regulations for repeal for every new regulation that they wish to issue.United StatesTaxLowndes
ArticleTax Time Alert: Key Things To Know About Founders Preferred StockAs you gather and review tax papers for your return, be sure to inform your accountant if you hold founders’ preferred stock, or if you sold a block of it in 2014.United StatesTaxWilmerHale
ArticleTexas Court Of Appeals Rules Costs Of Installation Not Includible In Cost Of Goods Sold DeductionThe Texas Court of Appeals, Third District recently determined that a taxpayer was not entitled to include labor costs incurred as part of repair work to install automotive parts on customer-owned vehicles...United StatesTaxGrant Thornton LLP
ArticleThe Commissioner Of Revenue's Use Of The Sham Transaction Doctrine Examined In Tax Analysts ColumnIn the most recent edition of "The Taxpayers' Advocate", Michael A. Jacobs, Robert E. Weyman, Brent Beissel, and Jack Trachtenberg of Reed Smith LLP discuss the Massachsuetts Commissioner of Revenue's use of the sham transaction doctrine.United StatesTaxReed Smith
ArticleThe IRS, The President's Fiscal Year 2023 Budget, And The 2022 Filing SeasonIssues discussed during the hearing include the IRS's information technology needs, the agency's staffing challenges and its efforts to combat tax evasion and reduce the tax gap.United StatesTaxBrownstein Hyatt Farber Schreck
VideoThe Tax Technical Corrections Process (Video)The Tax Technical Corrections Process - VideoUnited StatesTaxMcDermott Will & Emery
ArticleTimeline Extended For Appealing Assessments And Denial Of Refund ClaimsLouisiana Senate Bill No. 196 extends critical tax appeal deadlines from 60 to 90 days for both state and parish-level assessments, as well as for appeals of denied refund claims by the Department.United StatesTaxJones Walker LLP
ArticleTreasury Department, IRS Release Section 45W Clean Commercial Vehicle GuidanceThe U.S. Department of the Treasury and IRS released proposed regulations on Jan. 10, 2025, regarding the qualified commercial clean vehicle credit...United StatesTaxHolland & Knight
ArticleTreasury Withdraws Problematic Section 2704 Discount RegulationThis proposed regulation was very unpopular among tax practitioners and its withdrawal is viewed as a positive change.United StatesTaxLowndes
ArticleUnited States Tax Court Launching New Case Management System – DAWSONIn December 2020, the United States Tax Court will be launching DAWSON (Docket Access Within a Secure Online Network), the Court's new case management system. United StatesTaxDickinson Wright PLLC
ArticleUPDATE: Louisiana Assessor's Association Proposes Revisions To Regulations Of The Louisiana Tax CommissionIn response to the LAA's proposals, a handful of industry groups and individual taxpayers filed rebuttals objecting to the LAA's proposals.United StatesTaxJones Walker LLP
ArticleU.S. Chamber Requests SEC Guidance On Impact Of Tax Law ChangesThe US Chamber of Commerce submitted a letter to the SEC noting the challenges that may exist for many public companies, especially those with complex global operations, by the recent passage of the tax changes.United StatesTaxMorrison Foerster
ArticleU.S. House Of Representatives Passes Tax Reform And Reconciliation ActOn May 22, 2025, the U.S. House of Representatives passed the sweeping Tax Reform and Reconciliation Act by a 215–214 vote. This 1,100-page tax package, developed through the House Ways...United StatesTaxCarter Ledyard & Milburn LLP