A discussion on the recent announcement that Singapore is modifying its Exchange of Information regime, including issuing a notice that it intended to conclude an "intergovernmental agreement" with the U.S. for implementation of the Foreign Account Tax Compliance Act.

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...

Perhaps you just learned from the IRS that your tax-exempt organization has been selected for examination.

In response to allegations of “pay-to-play” in the award of contracts to manage New York pension funds, the Securities and Exchange Commission (“SEC”) plans to propose at the end of July new restrictions on firms subject to the Investment Advisors Act of 1940.

On July 7, 2011, the IRS announced the suspension of enforcement activity focused on the gift tax implications of gifts to section 501(c)(4) organizations.

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").

Last Friday, a U.S. district court judge in the Western District of Wisconsin ruled that it is unconstitutional for the government to favor religion by not taxing tax ministers on housing allowances provided by their churches

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.

Our previous alert discussed the establishment of the IRS program for pre-approval of prototype and volume submitter 403(b) plan documents.

Marwood Group agreed to pay a $375,000 civil penalty, retain an independent compliance consultant, and implement changes to its policies and procedures.

A New Jersey law passed in June of 2019 that created new disclosure requirements for certain groups seeking to influence elections and government actions in the state was struck down by Judge Brian Martinotti...

Governor O’Malley signed into law new legislation that will gradually increase the Maryland estate tax exemption to match the indexed federal exemption in 2019.

The United States Attorney's office for the Southern District of New York announced last week charges against Gal Luft, a dual U.S.-Israeli Citizen, for willfully failing to register...

The Organization for Economic Cooperation and Development (OECD), of which the United States is a member, has proposed a 15% minimum global tax on business income.

The Federal Election Commission has updated federal contribution limits for the 2023-2024 election cycle. Limits that apply to contributions from individuals to federal candidates and national party committees are indexed for inflation.

A federal jury on November 4 found investor and former Trump associate Thomas Barrack not guilty of criminal charges that included violating the Foreign Agents Registration Act ("FARA") by acting of a foreign agent of the United Arab Emirates.

On March 3, 2022, in a unanimous opinion authored by its Chief Judge, the U.S. Court of Appeals for the Sixth Circuit invalidated an IRS listing notice on the basis that the agency had not complied...

The Internal Revenue Service has made a number of recent moves signaling its resolve to shift its focus to the wealthy and away from working-class taxpayers.