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A U.S. district court ruled June 16 that a common parent of a consolidated group was not owed a refund from the IRS that was paid to the Federal Deposit Insurance Corporation (FDIC) as a fiduciary.

A recent Tax Appeals Case in New York demonstrated how a company's problems can become a CEO's personal problems.

Federal courts are grappling with a fundamental question in partnership taxation: does the limited partner exception to self-employment tax depend on a partner's formal status under state law, or on whether they function as a passive investor? With the Fifth Circuit adopting a state law approach while the Tax Court applies a functional analysis, the stage may be set for a circuit split that could ultimately reach the Supreme Court.

Under the facts of the FAA, the taxpayer, a motor freight carrier, would contract with independent truck operators to transport retail goods for third parties.

Congress and the administration are under increasing pressure to stem the flow of recent inversion transactions.

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

When a buyer and seller agree on a purchase price, many people assume the hard part of the negotiation is over. In reality, some of the most consequential decisions in any M&A transaction are made after the headline number is set—starting with the fundamental question of deal structure.

In light of the significant decline in stock prices over the past year, many non-U.S. companies that would not otherwise be considered to be “passive foreign investment companies,” or “PFICs,” for U.S. federal income tax purposes may inadvertently be so characterized under the mechanical and often overreaching PFIC tax regime.

On June 22, the Senate Finance Committee will hold a hearing on governance and best practices of charities, charities accommodating tax shelters, donor gifts of tangible and intangible property, and current problems and issues in the charitable community. IRS Commissioner Mark Everson and private sector witnesses are expected to testify.

In the U.S. House, the Tax Cuts and Jobs Act ( H.R. 1) (the Act) was approved by a vote of 227-205 yesterday. The legislation lowers the top corporate rate of 35 percent to a flat 20 percent.

As you are likely aware, Congress recently passed sweeping tax reform. While individual and corporate tax cuts are not something you immediately ...

On September 27, 2010, President Obama signed into law the Creating Small Business Jobs Act of 2010 (the "Act").

The tax reform signed into law by President Trump on Dec. 22 (the Tax Act) presents public companies with several accounting and disclosure challenges.

Early in the morning on Saturday, December 2, 2017 (it was nearly 2 AM Eastern!), the Senate voted 51-49, drawn mostly along party lines, to pass its version of the tax reform bill ...

Retailers and manufacturers seeking to evaluate the potential applicability of The California Transparency in Supply Chains Act to their businesses should make certain that they are aware of recent changes in the California Revenue and Tax Code.

Qualified employees only include those who are residents of Connecticut.

As part of the effort to make the return to civilian life as seamless as possible for the thousands of troops returning from Afghanistan and Iraq, President Obama signed into law on November 21, 2011 the Veterans Opportunity to Work ("VOW") to Hire Heroes Act.