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Two appeals courts released opposing decisions that could profoundly affect whether employers will face penalties for failing to meet the health coverage requirements.

On December 4, 2015, the President signed into law HR 22, which requires the IRS to notify the State Department of any U.S. citizen who owes more than $50,000 in federal taxes.

Both the House's and Senate's budget bills would clarify that certain rules applicable to disguised payments for services and disguised sales of property between a partner and a partnership under Section 707(a)(2) are self-executing in the absence of regulations

Today, March 17, 2020, Treasury Secretary Steven Mnuchin announced that individuals may defer up to $1 million in 2019 tax liability without interest or penalties until July 14...

Taxpayer Sam Jewell was the subject of an IRS investigation which resulted in third party summonses being issued to banks located in Oklahoma.

The IRS released Revenue Procedure 2020-21, which provided relief for issuers seeking to do a public hearing for their bonds amidst the COVID-19 pandemic, on May 4, 2020.

The International Tax Compliance (Amendment) Regulations 2025, which came into force on 16 July 2025, introduce a new requirement for UK investment managers to register under...

The program for non-prosecution agreements for Swiss Banks is largely settled.

On December 17, 2010, Congress passed legislation that, among other items, extends the charitable IRA rollover until December 31, 2011. The charitable IRS rollover allows people aged 70 ½ and older to transfer up to $100,000 of their IRA assets for each of 2010 and 2011 directly to a qualified public charity.

The IRS issued a Technical Advice Memorandum on May 9, 2013, that the Village Center Community Development District is not a division of state or local government, and therefore is not a political subdivision for purposes of Section 103 of the Internal Revenue Code.

The Delaware Secretary of State's office announced they have issued letters to companies on or around April 11, 2025, inviting them to enter into the Delaware voluntary disclosure agreement (VDA)...

As reported in our prior client alerts, the Report of Foreign Bank and Financial Accounts, Form TD-F 90-22.1 ("FBAR") must be filed by a U.S. person that holds a financial interest in, or signature or other authority over, a foreign financial account if the aggregate value of all such U.S. person's foreign financial accounts exceeds $10,000 at any time during the year.

On July 5, Governor Eric Greitens signed into law Missouri Senate Bill 16, which excludes "usual and customary delivery charges" from sales and use taxes. The law will become effective on August 28, 2017.

The QOZ tax credits were enacted in 2017 and sunset on December 31, 2026. This credit allows taxpayers to defer until December 31, 2026...

Section 83(b) allows taxpayers to elect to include in their current taxable income certain compensation that would not otherwise be taxable until a future year.

It is widely understood that you can defer taxation of the gain on a sale of investment real estate if the sale proceeds are reinvested into new investment...

Groom's Elizabeth Thomas Dold, principal, was featured by Tax Notes in the article, "IRS Keeps Contentious Required Minimum Distribution 10-Year Rule," where she examined final regulations from the IRS...