On April 17, 2023, an attorney for Grammy-award winner, Beyoncé Knowles-Carter, filed a Tax Court Petition on the singer's behalf disputing $2.7 Million in increased taxes and penalties.
Don't let tax season catch you off guard. Businesses, both large and small, should proactively engage in tax planning to minimize tax liability and keep up to date with changing tax laws.
Schulte Roth & Zabel LLP
David Griffel and David Wermuth with associate Sarah McNeill authored the Hedge Fund Law Report article, "IRS Wins Round One Over Meaning of ‘Limited Partner' for Self-Employment Income Purposes."
The City of Los Angeles ULA Tax—a new city tax on certain real estate transactions, commonly referred to as the "mansion tax"—may be invalidated through the November 2024 election.
Transfer pricing is a financial and tax accounting practice that determines the prices at which related entities within a multinational corporation transact with each other for goods, services, or...
Foley & Lardner
Brian Lucareli, director of Foley Private Client Services (PCS) and co-chair of the Family Offices group, sits down with Eric Pearson, partner and member of our Tax Controversy practice...
The sale of a business often represents a significant financial milestone for proprietors. However, the accompanying tax obligations can be substantial.
The Federal Research and Development Credit, or R&D Tax Credit allows companies engaged in qualified R&D activity to claim a tax credit for their efforts.
The second session of the 90th General Assembly convened at 10:00 am on January 8th. The first day of the session included opening speeches from leadership in both the majority and minority party...
Greenberg Traurig, LLP
In this episode of GeTtin' SALTy, host Nikki Dobay is joined by Angela Pitale, Senior Tax Policy Advisor with Multistate Associates, to discuss a series of articles...
The practice of transfer pricing involves assigning value to goods, services, and intangible property traded between legally distinct but related entities under a common...
On October 20, 2023, the Internal Revenue Service ("IRS") announced the launch of a three-pronged corporate tax compliance initiative as part of the Inflation Reduction Act of 2022...
Transfer pricing is a financial and tax accounting practice that determines the prices at which related entities within a corporate group transact with each other for goods, services, intangibles...
Winston & Strawn LLP
Due to increased physical and cybersecurity concerns, executives are increasingly provided travel on the company aircraft for both business and personal purposes.
Farrell Fritz, P.C.
Pursuant to the Nassau County Administrative Code, Section 6-30, the Nassau County Department of Assessment ("the Assessor") is requiring the submission of 2023...
As we approach the season of giving, there is even more incentive to give assets to loved ones during your lifetime, beyond the sheer joy of watching them enjoy your generosity.
In today's dynamic retail landscape, collecting sales tax on in-state sales is a critical aspect of doing business.
On October 4th, 2023, Governor Maura Healy signed into law Bill H. 4104, "An Act to improve the Commonwealth's competitiveness, affordability, and equity" (the "Act"). In our recent post...
In today's complex business landscape, navigating sales tax compliance can be a daunting challenge.
Crowell & Moring LLP
On December 19, 2023, the bilateral income tax treaty between the United States and Chile (formally, the Convention between the Government of the United States of America and the Government...