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  • Article

    If You Act Before Year-End, IRS Respects Do-Overs Unwinding Taxes

    Have you ever wanted a second chance, the opportunity of a true do-over? When it comes to taxes, you can amend your tax returns, but that isn't the same as starting over.
    United StatesTax
    Wood LLP
    Wood LLP
  • Article

    California Rakes In $269.3 Million In Cannabis Taxes From Q3 Of 2023

    State tax coffers in California keep climbing. The California Department of Tax and Fee Administration (CDTFA) has reported cannabis...
    United StatesTax
    Wood LLP
    Wood LLP
  • Article

    Rudy Giuliani Can Write Off $148 Million Verdict While Plaintiffs Pay Tax On 100%

    Rudy Giuliani was ordered to pay nearly $150 million in damages for defamation to former Georgia election workers Ruby Freeman and Shaye Moss.
    United StatesTax
    Wood LLP
    Wood LLP
  • Article

    Hunter Biden Criminal Tax Charges Contain Universal Tax Lessons

    Hunter Biden has been charged with nine counts of failing to file and pay taxes, tax evasion, and filing false tax returns.
    United StatesTax
    Wood LLP
    Wood LLP
  • Article

    IRS Extends Tennessee Storm & Tornado Victim Taxes To June 17, 2024

    These taxpayers now have until June 17, 2024, to file various federal individual and business tax returns and make tax payments.
    United StatesTax
    Wood LLP
    Wood LLP
  • Article

    Structured Products: Sales Practice Issues

    A look at sales practice issues.
    United StatesFinance and Banking
    Sidley Austin LLP
    Sidley Austin LLP
  • Article

    Lawyers Are Structuring Fees Despite IRS Attack

    If they observe the formalities, contingent-fee lawyers can defer their legal fees, have them invested pretax, and have them paid and taxed later. They must implement those arrangements...
    United StatesTax
    Wood LLP
    Wood LLP
  • Article

    Ohtani's $700 Million LA Dodgers Contract Avoids 14.4% California Tax

    The news that baseball star Shohei Ohtani got a record $700 million contract is still mind boggling. So too is the clever slider that he appears...
    United StatesTax
    Wood LLP
    Wood LLP
  • Article

    IRS Disallows 20,000 ERC Tax Refund Claims As Enforcement Tightens

    As part of continuing efforts to combat dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service is sending an initial...
    United StatesTax
    Wood LLP
    Wood LLP
  • Article

    European Commission Inquiry Into Business Insurance Sector

    The European Commission is conducting an antitrust inquiry into the business insurance sector in the EU. The results could have far-reaching consequences for insurers and purchasers of insurance in Europe.
    United StatesInsurance
    Sidley Austin LLP
    Sidley Austin LLP
  • Article

    Swiss Banque Pictet Admits Conspiring With Americans To Hide Funds

    Swiss private bank Banque Pictet et Cie SA has admitted that it conspired with U.S. taxpayers and others to hide more than $5.6 billion in 1,637 secret bank accounts...
    GlobalTax
    Wood LLP
    Wood LLP
  • Article

    German Competition Authority Imposes Cartel Fines In Insurance Sector

    The German competition authority (Bundeskartellamt) has found that seven insurance companies participated in a price-fixing cartel and imposed fines totaling more than €20 million against the companies and their directors.
    United StatesAntitrust/Competition Law
    Sidley Austin LLP
    Sidley Austin LLP
  • Article

    Climate Change Litigation – Recent Developments

    In the absence of mandatory federal limits on greenhouse gas emissions, states and advocacy groups have turned their attention to the courts to achieve their goals. Three recent decisions provide an indication of what is to come.
    United StatesEnergy and Natural Resources
    Sidley Austin LLP
    Sidley Austin LLP
  • Article

    SEC Appoints New OCIE Deputy Director

    The SEC named Kristin Snyder as Deputy Director of the Office of Compliance Inspection and Examinations ("OCIE").
    United StatesCorporate/Commercial Law
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    Clean Air Act Title V Operating Permits - Recent Development

    The United States Court of Appeals for the Second Circuit recently issued an opinion that could have far-reaching impacts on the Title V air permit operating program and the enforcement of clean air laws and regulations in general.
    United StatesEnvironment
    Sidley Austin LLP
    Sidley Austin LLP
  • Article

    European Court of Justice Confirms Validity of Controversial EU Food Supplements Rules — Restrictions Apply From 1 August 2005

    The European Court of Justice (ECJ) recently ruled that a controversial Directive on food supplements remains valid.
    United StatesInternational Law
    Sidley Austin LLP
    Sidley Austin LLP
  • Article

    OFAC Issues Interim Final Rule Describing Sound Compliance Program

    The Interim Rule provides a general explanation of the procedures that OFAC will follow with respect to economic sanctions violations.
    United StatesFinance and Banking
    Sidley Austin LLP
    Sidley Austin LLP
  • Article

    New EU Legislation On Clinical Trials

    The European Commission has recently adopted a new Directive of importance to companies conducting clinical trials in the EU
    United StatesCorporate/Commercial Law
    Sidley Austin LLP
    Sidley Austin LLP
  • Article

    Comcast Hit with Privacy Lawsuit for Tracking Web Surfing Habits of Internet Subscribers

    United StatesPrivacy
    Reed Smith Hall Dickler
    Reed Smith Hall Dickler
  • Article

    Gaming Industry Warned It Could Face Gambling Addiction Class Actions

    United StatesMedia, Telecoms, IT, Entertainment
    Reed Smith Hall Dickler
    Reed Smith Hall Dickler

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