In 2021, the IRS started an enforcement campaign to investigate individuals claiming the benefits of Puerto Rico Act 20, Act 22, Act 60 and presumably other Puerto Rico incentives acts.

Congressional Democrats yesterday unveiled the framework of their upcoming legislative response to the recent and controversial U.S. Supreme Court decision in Citizens United, which lifted the long-time ban on corporations' independent spending in federal elections.

The U.S. Securities and Exchange Commission announced today that Goldman Sachs & Co. and one of its former vice presidents have been charged with violating MSRB Rule G-37 and Rule G-17.

We survey recent litigation and settlements addressing these exemptions and discuss their implications for religious organizations that sponsor employee benefit plans.

On her first day in office, new U.S. Attorney General Pamela Bondi issued a wide-ranging formal Memorandum that includes an important section related to FARA.

The U.S. Supreme Court released its long-anticipated opinion in McCutcheon v. Federal Election Commission this morning.

As a result of the court's ruling, RM Broadcasting will now be required to register under FARA.

Count One charges the defendants with conspiracy to violate FARA.

What does DOJ's new year FARA burst tell us?: Two separate U.S. Attorney's offices revealed a flurry of new illicit foreign influence cases within minutes of each other on Tuesday...

Clark Armitage offers his insights in Roundtable: Transfer Pricing for the February 2023 issue of Financier Worldwide Magazine.

Under newly issued guidance, the IRS has made it easier for many tax-exempt organizations to restructure. The IRS will now continue to recognize as exempt, those organizations that:

The IRS estimates that companies underpay approximately $14 billion annually by misclassifying employees as independent contractors.

You've got mail. Starting next week, the Internal Revenue Service will resume sending a "special reminder letter" to millions of Americans...

On April 8, 2020, the IRS released Revenue Procedure 2020-23, which allows certain partnerships to file amended partnership returns and issue amended Schedules K-1 to their partners for taxable years beginning in 2018 and 2019...

The ongoing enforcement effort against abusive tax shelters has taken several turns in the past few months. Taxpayers and practitioners who have shelter issues need to be aware of a number of recent developments

Taxpayers watching the U.S. Supreme Court for the outcome of Moore v. U.S., No. 22-800, can do more than wait. As suggested in the firm's earlier alert (see here)...

More frequently referred to as "whistleblower cases", a number of state governments have adopted a counterpart to the federal False Claim Act (FCA)

On November 29, 2018, the IRS released updated Voluntary Disclosure Practice (VCP) procedures applicable to both offshore and domestic voluntary disclosures

On December 21, 2023, the Internal Revenue Service ("IRS") announced a much anticipated, and soon to be short lived, voluntary disclosure program for employers who believe...

On December 21, 2023, the Internal Revenue Service ("IRS") announced a much anticipated, and soon to be short lived, voluntary disclosure program for employers who believe they may have erroneously...