ArticleEx-Art Curator Busted For Evading Taxes On $3.5m InheritanceAlain Leibman was featured in the New York Post article, "Ex-Art Curator Busted for Evading Taxes on $3.5m Inheritance." United StatesTaxFox Rothschild LLP
ArticleManhattan Art Consultant Used Swiss Bank Account To Avoid Paying Millions In Taxes On ‘Secret Inheritance From Her Father'Alain Leibman was featured in the New York Daily News article, "Manhattan Art Consultant Used Swiss Bank Account to Avoid Paying Millions in Taxes on 'Secret Inheritance from Her Father.'" United StatesTaxFox Rothschild LLP
ArticleCrowdfunding And Withholding TaxCrowdfunding investments made using French crowdfunding platforms give rise to numerous tax obligations, in particular with regard to direct debit or withholding when paying interest...United StatesTaxHerbert Smith Freehills Kramer LLP
ArticleFebruary 2016 Tax Compliance CalendarAs an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. United StatesTaxBrown Smith Wallace
ArticleIRS Releases Draft Instructions For Form 1042-S For 2014The IRS has issued 2014 draft instructions to Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding, which include a transitional rule for payments subject to the Foreign Account Tax Compliance Act (FATCA) applicable after July 1, 2014. United StatesTaxGrant Thornton LLP
ArticleNew Proposed Regulations Under Section 871(m) Adopt A Single Factor Test But Delay Effective Date Until 2016On December 4, 2013, the Treasury Department and the Internal Revenue Service released new final and proposed regulations under section 871(m) of the Internal Revenue Code regarding the imposition of US federal withholding tax on certain equity-linked payments.United StatesTaxA&O Shearman
ArticleCalifornia "Waiting Time Penalties" Are Not Wages For Federal Income Tax PurposesOur colleagues over at Proskauer's ERISA Practice Center Blog have noted that a recent IRS information letter confirms that "waiting time penalties" paid under California law are not wages...United StatesTaxProskauer Rose LLP
ArticleManhattan Art Consultant Used Swiss Bank Account To Avoid Paying Millions In Taxes On ‘Secret Inheritance From Her Father'Alain Leibman was featured in the New York Daily News article, "Manhattan Art Consultant Used Swiss Bank Account to Avoid Paying Millions in Taxes on 'Secret Inheritance from Her Father.'" United StatesTaxFox Rothschild LLP
ArticleHatch Says Corporate Integration Proposal May Not Be Ready Until MaySenate Finance Committee Chair Orrin Hatch, R-Utah, acknowledged last week that his corporate integration proposal is running into difficulties that will postpone its release until at least May.United StatesTaxGrant Thornton LLP
ArticleIRS Addresses Application Of Quality Stores To Claims Of Employment Tax RefundsIn United States v. Quality Stores, Inc., 134 S. Ct. 1395 (2014), the U.S. Supreme Court ruled that severance payments at issue in the case were wages subject to Federal Insurance Contributions Act (FICA) taxes. United StatesTaxGrant Thornton LLP
ArticleIRS Issues Final FATCA RegulationsThe Internal Revenue Service has recently issued the long-awaited final regulations that implement the Foreign Account Tax Compliance Act. United StatesTaxPepper Hamilton LLP
ArticleIRS Releases Final Version Of Form W-8BEN-EThe IRS released the final version of Form W-8BEN-E, "Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities)".United StatesTaxGrant Thornton LLP
ArticleOwner Of Professional Employer Organization Pleads Guilty To Employment Tax ChargeOn Jan. 6, 2017, Janis Edwards, the owner of a professional employer organization, pleaded guilty to tax evasion arising from failing to pay over to the IRS between $3.5 million and $25 million...United StatesTaxBakerHostetler
ArticleTime Running Out For Employers To Implement Special Qualified Transit Benefit ProcedureThe IRS issued a special administrative procedure Jan. 8 allowing employers that have yet to file their 2014 fourth-quarter Form 941 to implement a retroactive increase in excludible qualified transit benefits. United StatesTaxGrant Thornton LLP
ArticleU.S. Tax Planning For Non-U.S. Persons And Trusts: An Introductory OutlineNew York Individual Clients partner Warren Whitaker recently released the 2016 edition of U.S. Tax Planning for Non-U.S. Persons and Trusts: An Introductory Outline.United StatesTaxDay Pitney LLP
ArticleUS Taxpayers May Have A Nasty Surprise In The 2018 Filing SeasonThe United States Internal Revenue Service is warning taxpayers to evaluate their current withholding rates and their proper estimated payments for 2018, or else they may have a nasty surprise ...United StatesTaxMoritt, Hock & Hamroff LLP
ArticleProtocol Amending US/Swiss Tax Treaty Takes EffectThe protocol amending the United States Tax Treaty with Switzerland has been ratified by the United States and began to take effect as of 20 September 2019. WorldwideTaxWithers LLP
ArticleIRS Extends Phase-In Period For Dividend Equivalent RulesThe IRS delayed implementing certain rules that are intended to prevent non-U.S. persons from using derivative instruments to avoid U.S. withholding tax on U.S. equities.United StatesTaxHogan Lovells Cadwalader
ArticleState + Local Tax Insights: Summer Issue 2019Gone are the days that employees work from only one location from 9:00 a.m. to 5:00 p.m. With employees traveling throughout the U.S., and in many instancesUnited StatesTaxMorrison Foerster
ArticleTaxpayers Should Review Their 2018 Year-To-Date Federal Income Tax WithholdingIt's not too late for wage-earners to review their withholding allowances claimed on IRS Form W-4 to avoid a possibly unpleasant surprise when filing their 2018 tax return in early 2019. United StatesTaxDickinson Wright PLLC