In basic terms, Section 280E denies a marijuana business the ability to deduct its business expenses in computing its federal income tax liability.

The IRS Form 990 is more than a tax return, it's a public statement about your nonprofit's financial, programmatic and governance activity for the year.

The IRS is considering eliminating Schedule B of the Form 990, which asks for the names and addresses of an exempt organization's contributors and for certain information about contributions received.

Fringe Benefits - Update

Andrew Liazos and David Fuller identify the three main areas to focus on in light of 162(m) and discuss traps for the unwary.

The Sixth Circuit recently concluded that a disability plan participant was entitled to relief consisting of benefits under the plan and disgorgement of defendant’s profits for delaying payment.

On 4 July 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, making substantive changes to incentives for clean energy.

The U.S. Department of the Treasury and IRS on Jan. 7, 2025, released final regulations regarding the clean electricity production tax credit (PTC)...

On September 13, 2024, California's Franchise Tax Board ("FTB") released updated proposed regulations ("Draft Regulations"), which would amend the rules regarding market-based...

Islame Hosny (Associate-New Jersey) and William D. Lipkind (Partner-New Jersey) collaborated on "Debt-Financed Distributions from QOF Partnerships," an article that appeared in the June 24, 2019

The Internal Revenue Service published final regulations implementing an ACA requirement that Affordable Insurance Exchanges report to the IRS.

A bill introduced March 25, 2016 in the Vermont legislature proposes to impose an excise tax on e-cigarettes by redefining "other tobacco products" to include any product manufactured from, derived from, or containing tobacco...

In this webinar, members of our Tax Policy practice group hosted a comprehensive discussion on the next steps for the tax legislation as it progresses through the House and over to the Senate.

Treasury Secretary Mnuchin stated that his goal is to have an overhaul of the Internal Revenue Code by August.

Dina Kapur Sanna wrote about recently issued proposed regulations for the Trust & Estates Magazine, e-newsletter: "IRS Issues Proposed Regs Taxing Gifts and Bequests From Covered Expatriates."

On February 7, 2022, the Nassau County Legislature passed a local law extending the period to file an assessment challenge for the 2023/24 tax year from March 1, 2022 to April 30, 2022.

New York City's new pied-à-terre surcharge introduces a "renovation gap" that may unexpectedly impact property owners during major construction projects. Partners Alexandra Wald and Nicholas Kaiser analyze why owners of properties that cannot be legally occupied during renovations may still face the surcharge, and what stakeholders should consider to navigate this complex issue.

Rev. Proc. 2022-38, 2022-45 IRB 1, makes various 2023 inflation adjustments.

In representing a taxpayer interested in purchasing a business, it is important for tax counsel to understand, in simple terms, what each party is seeking to accomplish.

Attorney David C. Tingstad explores the critical role of EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) in determining business valuation within Washington State. This webinar examines how this financial metric serves as a foundational tool for establishing fair market value in business transactions and legal proceedings. Understanding EBITDA's application can significantly impact negotiations, sales, and dispute resolutions involving business worth.