For the first time, the Internal Revenue Service (IRS) has included certain small captive insurance companies (CICs) in its annual list of "Dirty Dozen Tax Scams."

On February 14, 2013, court filings revealed that an American citizen pled guilty to crimes involving failures to report the existence of two bank accounts maintained in Israel and the income from those accounts to the Internal Revenue Service.

The constitutionality of the Affordable Care Act (ACA) is being challenged before the Supreme Court for a third time this fall in the case of California v. Texas...

On July 30, 2013, the District of Columbia retroactively repealed the provision that would have subjected most tax-exempt bonds owned by D.C. residents to D.C. income tax.

On May 3, the Internal Revenue Service announced that it will be hiring between 600 and 700 new federal tax enforcement personnel.

On November 20, 2021, the Tax Court ruled in favor of our client facing penalties related to disallowed charitable contribution deductions for conservation easements.

On March 18, 2010, the Foreign Account Tax Compliance Act ("FATCA"), Subtitle A of Title V of Public Law 111-147, was enacted into law. The provisions of FATCA are intended, as the title indicates, to promote compliance with U.S. law requiring U.S. persons to report income from offshore accounts.

Last Friday, the Treasury Department's Financial Crimes Enforcement Network ("FinCEN") published interim final rules substantially narrowing beneficial ownership information ("BOI") reporting obligations under the Corporate Transparency Act ("CTA").

The Internal Revenue Service (IRS) has placed certain Malta-based pension plan arrangements on its annual "Dirty Dozen" list of "tax scams."

On November 1, 2016, the Internal Revenue Service ("IRS") issued Notice 2016-66, identifying certain transactions relating to "micro-captive" insurance companies as "transactions of interest."

Proposed regulations promulgated on December 8, 2021 by the Financial Crimes Enforcement Network ("FinCEN"), a bureau of the Department of the Treasury, bring the beneficial ownership reporting rules of the Corporate Transparency Act1 (the "CTA") one step closer to life.

Earlier this week, in Bullock v. Internal Revenue Service, a U.S. District Court—at least temporarily--reinstated the donor disclosure requirement that the IRS eliminated for many 501(c) organizations last year.

Earlier this month, an indictment was unsealed in the Southern District of Texas charging Congressman Henry Cuellar and his wife, Imelda, with participating in schemes involving bribery...

In February 2025, U.S. Attorney General Pamela Bondi issued a wide-ranging formal Memorandum that appeared to pause most FARA enforcement actions.

Jonathan Black authored the article "D.C. Circuit's First Farhy Opinion Requires Reconsideration" published in Tax Notes on May 21, 2024.

On August 4, 2016, the Treasury Department issued its first temporary regulations under the new partnership audit and collection regime found in the Bipartisan Budget Act of 2015.

Countries agreed to push back a deadline to sign a multilateral treaty that's part of the international tax pact until mid-2024...

On December 4, the United States dramatically increased the consequences of tax non-compliance when President Obama signed into law the Fixing America's Surface Transportation Act (the "FAST Act").

The regulatory framework surrounding cryptocurrencies continues to take shape. Earlier this week, Treasury and the IRS issued Announcement 2024-4...

In Revenue Ruling 2019-24, the IRS analyzes the tax ramifications of "hard forks" in cryptocurrencies.