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Recent actions by IRS agents to invoke section 6700 ("Promoting Abusive Tax Shelters, Etc.") portends a new area of concern for professionals who render tax advice.

Timely filing of your annual reports in those US states in which you're registered to do business is a vital part of keeping in good standing.

Determining whether the SMLLC is a separate trade or business from the company is based on the taxpayer’s facts and circumstances.

Self-directed IRAs, which allow the IRA owner to make direct investments in real estate or in non-publicly traded corporations, are increasingly popular.

IRS provides safe harbor methods for auto dealers using UNICAP.

House bill, if enacted, will alter tax analysis with respect to fund investments.

As Republicans hold control of the executive and legislative branches, comprehensive reform of the tax code is one of their top policy priorities.

Small business owners may be scratching their heads as to how the recently enacted American Taxpayer Relief Act of 2012 will affect them and their businesses.

The Texas Supreme Court ruled in favor of Sirius XM Radio (Sirius) in a recent decision that could have wide-ranging impact on the methodology...

The One Big Beautiful Bill Act (OBBBA) includes significant provisions regarding taxation and, in particular, international taxation.

With the ink now dry on The Taxpayer Relief Act of 2012 which, among other things, raised the capital gains tax rate from 15% to 20% and the top income tax bracket of "high income" Americans from 35% to 39.6%, Senate Democrats have now proposed the "American Family Economic Protection Act" which defers the sequestration for the remainder of 2013 by (i) raising the income tax on millionaires, (ii) increasing future military cuts and (iii) cutting farm subsidies.

Foreign ownership of US limited liability companies creates complex tax reporting obligations that many entrepreneurs overlook. Even LLCs with no US-source income may face annual filing requirements and penalties starting at $25,000 for non-compliance. Understanding these obligations before formation can help avoid costly administrative burdens and unexpected tax consequences.

The U.S. federal banking regulators issued updated joint supplemental guidance about tax allocation agreements between holding companies and their bank subsidiaries.

Delaware is the state of incorporation for a majority of venture-backed and publicly-traded corporations.

Beginning on January 1, 2024, the vast majority of new and existing business entities will become subject to beneficial ownership information reporting requirements under the Corporate Transparency Act and its related rules and regulations.

Businesses that have already set aside funds for the payment of taxes that have been delayed could use those funds for other purposes.

Sutherland Asbill & Brennan LLP ("SAB") here provides update files for the TAXINT computer program to compute interest on Federal tax underpayments and overpayments. To utilize such update files, it is necessary that you have previously obtained from SAB Version 1.0 of the TAXINT-2000 program or Version1.1 of the TAXINT-2000R program.