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...

Yesterday, the Federal Election Commission announced updated contribution limits for the 2013-2014 election cycle.

A federal district court judge in California has granted the IRS's "John Doe" Summons request seeking to obtain the names and records of California taxpayers who, from 2005 to 2010, transferred property to their children or grandchildren for less than full consideration.

"Large corporate under-payments" exceeding $100,000 are subject to a "hot interest" rate that is 2 percent higher than the normal rate for underpayments

The IRS intends to issue certifications and decertifications of seriously delinquent tax debts systematically on a weekly basis.

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.

What has been ignored is the tax impact and consequences on the players and their families.

Recent actions by IRS agents to invoke section 6700 ("Promoting Abusive Tax Shelters, Etc.") portends a new area of concern for professionals who render tax advice.

On August 1, 2020, North Carolina announced its first formal voluntary disclosure initiative aimed specifically at resolving corporate transfer pricing liabilities.

Switzerland will now more liberally permit disclosure of bank account information to the U.S. government without advance notice to the account owner.

In a statement issued on March 30th, the U.S. Treasury Department announced that it will soon be issuing proposed regulations that will require foreign-owned, single-member LLCs to disclose to the IRS their beneficial owners.

The production of Coinbase client information to the IRS is the result of an IRS "John Doe" summons that was served on Coinbase in 2016.

The IRS issued draft instructions and sets of FAQs for completing the forms associated with two information reporting requirements under the PPACA.

Shifting Resources in the National Security Division. To free resources to address more pressing priorities, and end risks of further weaponization...

On December 18, 2015, President Obama signed into law the Protecting Americans from Tax Hikes Act of 2015. The legislation made permanent or extended many of the tax provisions that had previously been extended two years at a time.

On March 13, 2018, the Internal Revenue Service (IRS) announced that it will end the Offshore Voluntary Disclosure Program (OVDP) on September 28, 2018

Beginning with the FBAR (FinCEN Report 114) for the 2016 year, the filing deadline for the FBAR will be April 15th with a six-month extension until October 15th available upon request.

Recently issued Notice 2020-75 provides that Treasury and the IRS intend to issue proposed regulations to clarify the longstanding question of whether the SALT Cap applies to passthrough entities or S-corporations.

Between 1984 and 1996, the government of the United Kingdom, under the control of the Conservative Party, privatized ownership of more than 50 state-owned companies by making public offerings of their stock.