On October 26, the Washington Post released an insightful investigative report on disclosures of exempt organizations with a "significant diversion" of their assets. The report highlights the range of problems, including embezzlement, theft, fraud, and misuse, that can afflict exempt organizations of all types and sizes

Employers continue to confront significant challenges in determining and meeting their obligations under the Patient Protection and Affordable Care Act of 2010, as amended.

The excise tax on high-cost, employer-sponsored health coverage first received considerable attention when the Patient Protection and Affordable Care Act was enacted in 2010.

Pursuant to Section 6038(a), taxpayers who have certain interests in foreign corporations during the taxable year are required to file a Form 5471 with their tax return.

In March 2020, the Internal Revenue Service announced the People First Initiative, pausing many compliance actions during the COVID-19 crisis.

Washington Governor Jay Inslee announced late last week that he is running for President, making him the first sitting governor in the 2020 presidential field.

Pras would therefore have been required to register under FARA within 10 days if he was engaged in FARA-registrable activities and he was not eligible for an exemption.

Each of the insureds, captives, and any material advisors must report the transaction to the IRS, including the IRS Office of Tax Shelter Analysis.

The IRS's plan to be more selective about which companies apply for advance approval of their transfer pricing transactions could shorten the application process...

Clark Armitage and Elizabeth Stevens offer insights in Indepth Feature: Transfer Pricing for the May 2023 issue of Financier Worldwide Magazine.

The IRS recently announced that it is taking new steps to improve its effectiveness in transfer pricing audits. In a series of speeches, top IRS officials announced the creation of a "Transfer Pricing Practice" within the Large and Mid-Size Business (LMSB) operating division to "strategically and systematically administer transfer pricing issues."

On October 14, the IRS issued, without comment, a draft of the 2010 "core" Form 990, the annual information return required from tax‐exempt organizations with gross receipts over $500,000 or total assets over $1.25 million. The IRS has not yet released drafts of any schedules to the 2010 Form 990.

The IRS is ramping up collections, examinations, and audits of wealthy Americans and their large partnership companies as part of a crackdown that may affect financial advisors' clients.

For most employers, the Treasury regulations applicable to 403(b) plans that were finalized in 2007 included a requirement that such plans be maintained pursuant to a written plan document adopted no later than December 31, 2009.

The current financial and political environment creates unique estate planning opportunities. Depressed stock prices and low interest rates

Politics is more important to business than ever. Government entities are now reasserting themselves as active market regulators.

More hiring and putting the Covid-19 pandemic in the rear-view mirror are paying off for the IRS unit that handles companies' advance tax deals on intercompany transactions.

On December 6, 2022, less than a month after its historic loss in the Tax Court in Green Valley Investors LLC v. Commissioner, 159 T.C. 5 (2022), the IRS released Announcement 2022-28...

The Clerk of the House and the Secretary of the Senate recently issued additional guidance regarding Lobbying Disclosure Act ("LDA") reporting requirements and the conditions under which a lobbyist's registration may be terminated.

A landmark Supreme Court decision decided last week calls into question the constitutionality of local (District of Columbia, Maryland, and Virginia) fiduciary income tax regimes.