Late last year, many social media and internet giants announced plans to overhaul their advertising policies for political content.

All nonprofit entities, other than 501(c)(3) organizations, that are registered with the New York Attorney General's Charities Bureau must file an EDS with the Bureau.

The case has particular relevance in circumstances in which a cyberattack may have been conducted or sponsored by a foreign government.

On February 26, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) released proposed regulations intended to clarify the filing requirements for FBARs (a/k/a Report of Foreign Bank and Financial Accounts, Form TD F 90-22.1).

The Proposed Regulations are directly relevant to the taxation of investment managers of private equity funds, venture capital funds, hedge funds, and family offices.

On December 18, 2013, New York Governor Andrew Cuomo signed the Nonprofit Revitalization Act of 2013 into law.

A confluence of events makes May 2020 a very attractive month for funding grantor retained annuity trusts, better known as "GRATs."

The IRS does not require any taxpayer to develop a transfer pricing study.

The backlog of unprocessed applications for tax-exempt status has reached an unprecedented level – the IRS website currently states that applications received in April 2012 are, as of August 2013, just being assigned for evaluation.

U.S. Department of Justice official John C. Demers, who heads the Department's National Security Division, announced yesterday that Brandon Van Grack will now lead the team that enforces the Foreign Agents Registration Act.

The OECD "Unified Approach" is marching – or perhaps stumbling – forward. The OECD Secretariat proposed the Unified Approach in October 2019 to address the tax challenges arising from the digitalization of the economy.

The IRS on August 24 released Notice 2022-36, Penalty Relief for Certain Taxpayers Filing Returns for Taxable Years 2019 and 2020 (the "Notice").

The Final Regulations provide many welcome clarifications to the proposed regulations published on August 14, 2020

On Dec. 21, the IRS announced a much-anticipated voluntary disclosure program for employers that believe they may have erroneously claimed a pandemic-era employee retention credit, or ERC.

The IRS has issued definitive advice on the sourcing of capital gains to a bona fide resident of Puerto Rico (a "BFR") who own S corporation stock or interests in partnerships.

In an historic Constitutional development, a divided Supreme Court last Thursday invalidated the decades-old federal prohibition against independent expenditures by corporations in federal political campaigns, holding that corporations have the same First Amendment speech rights as individuals.

On February 20, 2009, the Internal Revenue Service (the "IRS" or "Service") released a Technical Advice Memorandum with serious implications for affiliated nonprofit organizations that engage in political advocacy online.

The IRS began its Hospital Compliance Project in May 2006 by first selecting 544 nonprofit hospitals through a review of the Forms 990.

Analyzing the OECD's Pillar Two proposal that all countries impose a 15% minimum tax on corporate income is like playing a multidimensional chess game.

The IRS issued final regulations requiring foreign-owned, single-member LLCs to disclose to the IRS their beneficial owners by obtaining a U.S. "TIN and in many circumstances, filing annual returns.