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The U.S. Department of the Treasury and IRS on June 14, 2023, released two notices of proposed rulemaking (NOPRs) regarding the direct payment of tax credits under Section 6417...

The U.S. Department of the Treasury and IRS on February 12, 2026, released Notice 2026-15, which provides initial guidance regarding Prohibited Foreign Entities (PFEs), defined under Section 7701(a)(51) and Section 7701(a)(52) of the Internal Revenue Code (Code), as enacted by the One Big Beautiful Bill Act (OBBB).

The U.S. Department of the Treasury and IRS on Dec. 14, 2023, released proposed regulations regarding the Section 45X Advanced Manufacturing Production Credit of the Internal Revenue Code (Proposed Regulations).

As we reported last month, the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 imposes basis reporting requirements on executors for certain estates filing federal estate tax returns after July 31, 2015.

As mentioned in the above article, the stakes are high when it comes to changing domicile. In making that determination, the tax authorities and the courts look at whether you have changed your "pattern of life."

Business Partner Larry Kemm hosted the seventh session in our International Private Client Webinar Series. Mr. Kemm examined tax considerations confronting the U.S. investor who transfers or acquires investment assets abroad.

With the election only a couple of months away and a possibility that some established estate planning techniques may be unavailable in the future, creating a grantor retained annuity trust while that technique is still available ...

In anticipation of the announcement of the $3.5 billion of New Markets Tax Credits (NMTC) allocation awards by the U.S. Department of the Treasury's Community Development Financial Institutions

Included in the Consolidated Appropriations Act, 2021 (the "CAA"), signed into law on December 27, 2020, is legislation with important impacts on the horse racing industry, including provisions applicable to owners, racetracks, and stables.

On May 5, 2016, the Obama administration announced a series of proposals that will be sent to Congress designed to combat the disguising of international financial dealings...

US Customs and Border Protection (CBP) expects to publish tomorrow Interim Regulations authorizing the refund of beer, wine, and spirits excise taxes ...

Every tax season is plagued with scams to defraud individuals and companies for money from tax returns.

The Internal Revenue Service (IRS) released final regulations on January 18, including new guidance under Section 199A for the 20% deduction for qualified business income (QBI).

On December 29, 2014, Final Regulations providing guidance regarding the requirements for charitable hospital organizations were issued by the Internal Revenue Service.

Earlier this March, officials from the Department of Revenue testified in front of the Legislature's Joint Committee on Marijuana Policy, providing the first public estimate of the expected tax revenue from adult use marijuana sales.

According to a report in The Hill, President Obama would "strongly oppose" any effort to repeal the Affordable Care Act's "Cadillac tax" on pricey health plans. In a briefing on December 9, White House spokesman Josh Earnest declined to confirm that this meant a veto.

On November 8, 2016, Massachusetts voters passed Initiative Petition 15-37, The Regulation and Taxation of Marijuana Act.