Under newly issued guidance, the IRS has made it easier for many tax-exempt organizations to restructure. The IRS will now continue to recognize as exempt, those organizations that:

On April 8, 2020, the IRS released Revenue Procedure 2020-23, which allows certain partnerships to file amended partnership returns and issue amended Schedules K-1 to their partners for taxable years beginning in 2018 and 2019...

The ongoing enforcement effort against abusive tax shelters has taken several turns in the past few months. Taxpayers and practitioners who have shelter issues need to be aware of a number of recent developments

More frequently referred to as "whistleblower cases", a number of state governments have adopted a counterpart to the federal False Claim Act (FCA)

The criminal charges of more than 50 individuals, including parents and college athletic coaches, arising from an alleged fraudulent scheme to secure choice slots for their children at elite colleges, has rocked the world of college admissions.

The Department of Labor recently released the 2015 version of the Form 5500, the annual report which must be filed by certain employee benefit plans subject to ERISA.

As most readers will already be aware, the Supreme Court's recent ruling in Obergefell mandates that same-sex marriage must now be licensed and recognized at the state level.

Because of the current economic and employment crisis, many businesses and nonprofits are likely to seek government contracts and grants.

On March 20, 2020, the IRS sent so-called "soft letters" to taxpayers who disclosed their participation in section 831(b) captive insurance arrangements identified as transactions of interest by Notice 2016-66.

With all due respect for persons who are involved in, interested in, or just cognizant of the U.S. tax treaty program — which is one way of referring to the efforts of the Treasury...

The amendments aim to shed additional light on the bond ballot measure activity of dealers and municipal finance professionals to address concerns that dealers are awarded lucrative municipal securities business in return for actively supporting a bond campaign.

Professional athletes, including those who are not US residents, can easily get tangled in a web of complex and very technical tax laws.

Nor does the legal analysis end once a plan has satisfied itself that the church plan exemption properly applies.

The federal and state governments are moving on several fronts to counteract what they consider to be a significant contributor to the income tax gap: underreporting of employment taxes.

On December 21, 2023, the Internal Revenue Service ("IRS") announced a much anticipated, and soon to be short lived, voluntary disclosure program for employers who believe they may have erroneously...

On March 27, the Coronavirus Aid, Relief, and Economic Security ("CARES") Act was signed into law.

Broadly speaking, the Final Rules apply to the provision of investment advice to Covered Plans regardless of plan type.

In late February 2016, the Justice Department filed an action in federal court to compel UBS's branch in Miami to produce bank records of a Singapore account purportedly owned by a taxpayer who lives in China and is under IRS audit.

Recognizing the inexorable globalization of business and underscoring the high priority that top management places on international tax compliance, the IRS just announced a realignment of its Large and Mid-Size Business (LMSB) division into a new Large Business and International division (LB&I) [See IRS press release].

On November 30, 2016, a federal court in San Francisco authorized the IRS to issue a "John Doe" summons to Coinbase, Inc., which operates a web-based global convertible digital currency wallet...