8,621 results found

These proposals are in addition to the Biden administration's American Jobs Plan and American Families Plan increasing corporate and individual income tax and capital gains tax rates.

The Commonwealth Court en banc held that a taxpayer correctly valued 3 properties that were part of a sale of 141 properties in a number of states.

Employers across the country are dealing with innumerable challenges as a result of health reform and other legislation enacted this year. However, employers may find at least one bright spot -- in a new tax law addressing their provision of cell phones and similar telecommunications equipment to their employees.

We have previously reported on several cases where courts have addressed the amount of time the Internal Revenue Service ("IRS") has to assess a tax deficiency if the taxpayer overstates the income tax basis of an asset that he has sold.

In Howes v. Riordan, Case No. 11-P-596, 2012 Mass. App. Unpub. LEXIS 220 (Feb. 28, 2012), a decision issued pursuant to Rule 1:28, the Appeals Court affirmed the allowance of a motion to strike an affidavit of objections.

The due date for filing the required information return for a tax-exempt organization is just around the corner. Returns for the 2010 calendar taxable year are due May 15, 2011 unless an organization files a request for extension.

The automatic spending cuts required by the budget "sequestration" took effect on March 1 without legislative action, but tax reform efforts gained ground last week.

The recent release of the Treasury Department's Greenbook saw the unveiling of significant detail regarding the Administration's Stopping Harmful Inversions and Ending Low-Tax Developments (SHIELD) proposal.

Last week Senate Democrats, led by Senate Majority Leader Charles Schumer (D-NY), announced an agreement on a $3.5 trillion package that includes President Biden's spending priorities...

Brian Lucareli, Director of Foley Private Client Services (PCS) and co-chair of the Family Offices group, sits down with Lynn Gandhi, partner and member of the firm's Tax group, for a 10-minute...

In the Appeal of Sheward, 2022-OTA-228P (May 25, 2022), the California Office of Tax Appeals (OTA) held the California Franchise Tax Board (FTB) failed to follow its own...

On Friday, July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (H.R. 1) Public Law No: 119-21 (The OBBB Act).

The opportunity zones tax incentive was enacted in 2017 as a part of the Tax Cuts and Jobs Act (the TCJA) to increase long-term investment in "qualified opportunity zones" (OZs)...

The Department of the Treasury and the Internal Revenue Service have issued final regulations addressing reporting obligations for certain tax-free exchanges of life insurance contracts under Internal Revenue Code...

The Internal Revenue Service confirms in writing that recharacterizing 2017 Roth IRA conversions will be permitted until October 15, 2018.

Employers frequently make severance payments to executives, managers, and other employees who are involuntarily terminated.

Earlier today the House of Representatives voted on and passed the Tax Cuts and Jobs Act. If passed by the Senate, the Act would significantly change the current federal income tax regime in the United States.