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On May 15, the Supreme Judicial Court released its opinion in "New England Forestry Foundation v. Hawley".

If you own a hospitality asset in California, you may be eligible for a reduction in your asset's assessed property tax valuation.

Final regulations and additional proposed regulations were issued for the first-year 100% bonus depreciation deduction. The 2017 tax law expanded the deduction to 100% for qualified property ...

As many companies settle into hybrid work models, office occupancy rates in the United States have flatlined during the first half of 2023.

The New York State Legislature has passed and Gov. Andrew Cuomo has signed legislation re-establishing the 421-a Tax Exemption Program after a nearly two-year hiatus.

Almost every state in the U.S. has some form of a balanced budget requirement compelling state legislatures to balance projected revenue with expenditures.

On August 28, 2025, the California Supreme Court issued a significant, yet divided, opinion concerning the treatment of intangible assets in property taxation...

Through over 15 years of representing nonprofit organizations, one thing is for certain–there are infinite exempt purposes that may be served within the confines of section 501(c)(3) of the...

UPDATE — In response to the LAA's proposals, a handful of industry groups and individual taxpayers filed rebuttals objecting to the LAA's proposals. The filed rebuttals can be found here.

For the second time this year, the Delaware Department of Finance has published draft regulations governing unclaimed property audits.

Illinois hospitals, as well as other charitable organizations in and outside of Illinois, should consider the impact of the Illinois Supreme Court's decision upholding the Illinois Department of Revenue's determination that Provena Hospitals, an Illinois nonprofit corporation that owns and operates Provena Covenant Medical Center, was not entitled to a charitable or religious exemption from real property taxes.

On May 2, 2023, the Internal Revenue Service (IRS) issued proposed regulations (REG-124064) under Section 367(d) that address repatriations of intangible property to the United States.

The Repair Regulations generally require taxpayers to capitalize all costs that "improve" their property and equipment.

On June 16, 2025, the Senate Finance Committee released its proposed version of the "One Big Beautiful Bill Act" (the Senate Bill). The House of Representatives passed its version of the bill on May 22, 2025 (the House Draft).

Treasury and the IRS issued long-anticipated proposed regulations on Aug. 2 that are designed to curb potentially abusive valuation discounts claimed by taxpayers when interests in family-controlled entities are transferred.

Freeman Law's "The Tax Court in Brief" covers every substantive Tax Court opinion, providing a weekly brief of its decisions in clear, concise prose.

A recent Tax Court Memorandum decision, involves the valuation of two Old Mas¬ters paintings for estate tax purposes. An expert at a famous auction house was retained by the estate.