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The Federal Reserve Board, the FDIC and the OCC issued final supplemental guidance on income tax allocation agreements involving holding companies.

We are all familiar with the use of offshore intellectual property holding companies to capitalize on international tax gradients.

On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act of 2025 (OBBBA), a sweeping piece of legislation that extends and modifies many provisions of the Tax...

In July 2024, Governor Greg Abbott announced that the Texas Department of Housing and Community Affairs (TDHCA) awarded over $95 million in housing tax credits to help finance...

As reported extensively, the recently enacted One Big Beautiful Bill (H.R.1) provides positive changes for HFAs: (1) a 12% increase in the annual amount of 9% Low Income Housing Tax Credits beginning in 2026...

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...

Beginning in 2018 new Section 199A permits the owner of a non-C corporation business to deduct up to 20% of the owner's share of the company's qualified business income (QBI) from taxable income.

We wanted to remind our clients that Treasury Form TD F-90 22.1 "Report of Foreign Bank and Financial Accounts" (commonly known as the "FBAR") is due on June 30, 2012 with respect to the calendar year 2011.

As we head into a new year, some tax reporting news to keep in mind.

With the arrival of busy tax season, many accountants and other tax professionals will learn new information about how their companies operate and can often lead to...

The Treasury Department's Financial Crimes Enforcement Network (FinCEN) announced an automatic six-month extension for taxpayers required to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).

Baker Botts has filed comments in response to the IRS request for comments regarding tax issues arising from implementation of the Inflation Reduction Act pursuant to IRS Notices 2022-50 and 2022-51.

These changes will affect estimated payments due in 2020, and taxpayers should plan corrective action now.

Taxpayers are once again challenging the IRS's position that a partner cannot wear two hats (i.e., service provider and investor) and still qualify as a limited partner for Self-Employment...

On January 2, 2013, President Obama signed into law the American Taxpayer Relief Act of 2012, among its provisions including a tax benefit whereby capital gains from the sale of exchange of certain qualified business stock held by non-corporate taxpayers can qualify for a 100% exclusion.

The Department of the Treasury and the Internal Revenue Service have extended the treatment provided in Notice 2020-46 to leave-based donation programs and cash payments in connection with such programs ...

Organizations that have not filed a Form 990 with the Internal Revenue Service for the past three years risk losing their tax exemption if they do not file the applicable Form 990 by Monday, May 17, 2010.