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Adopting the Senate's approach, tax reform legislation will not require governmental pension plans to be subject to unrelated business income tax, and tax-exempt entities subject to tax on unrelated business...

Taxpayers have new cause to worry that aggressive federal and state tax auditors may be able to obtain taxpayer-produced roadmaps to their most sensitive and controversial tax exposures.

On Friday, Nov. 06, 2009, The Worker, Homeownership, and Business Assistance Act of 2009 (the Act) was signed into law by President Obama.

The House bill reduces the corporate tax rate beginning in 2018 and the Senate reduces it beginning in 2019.

The Department of the Treasury and IRS have announced their intent to issue proposed regulations addressing significant changes to the excise tax on excess compensation paid to employees of tax-exempt organizations.

In order to receive a full waiver of penalties under the amnesty program, a taxpayer must pay tax and interest in full for a particular tax type and period.

Citing rising concern over a "flood" of improper Employee Retention Credit (ERC) claims filed by businesses, many with the assistance of ERC claim promoters...

Recent developments in state tax laws include sales tax changes in Illinois and California, including the latter's "Amazon law," as well as replacement of the business tax in Michigan.

In a recent private letter ruling, the IRS said a partnership that reduced the maximum selling price of property below the property’s basis was able to claim a loss under Section 165...

The North Carolina Department of Revenue has issued guidance on three significant tax changes affecting individual and corporate income tax returns. These changes include new rules for domestic research and experimental expenditures, a special deduction for timber casualty losses from Hurricane Helene, and expanded gambling loss deductions. Understanding how these legislative updates impact your tax filing obligations and whether amended returns are necessary is crucial for compliance.

In light of recent developments involving Bernard Madoff, his funds and securities firm, Fox Rothschild wants its clients and friends to know that attorneys are diligently monitoring all events and are available to assist you in taking appropriate steps to protect your rights.

On remand from the Fifth Circuit, a federal District Court jury has ruled for a second time that St. David’s Healthcare System, Inc. did not lose its tax-exempt status by participating in a whole hospital joint venture with a for-profit entity. The case is St. David’s Healthcare System, Inc. v. United States, W.D. Tex., No. 101CV-046, March 4, 2004.

Equity compensation in the form of stock options is a common means of compensating key contributors to a growing business, especially where the cash compensation that these individuals receive is below the market rate for the skills and experience that they bring to the table.

Cross-border mergers and acquisitions (M&A) introduce a complex layer of international tax considerations for both US and non-US companies.

Oregon recently signed a new law effective January 1, 2020, allowing the state of Oregon to collect a Corporate Activity Tax (CAT).

On March 11, 2026, former Starbucks CEO and Chairman Emeritus, Howard Schultz, and his wife announced that, after more than 40 years in Seattle, Washington, they were relocating to Miami. While the move surprised some longtime observers, it reflects a broader and increasingly familiar pattern: prominent business leaders and high net worth individuals leaving legacy West Coast markets for opportunity, scale, and lifestyle along Florida’s Gold Coast.