Mondaq USA: Tax > Tax Authorities
Proskauer Rose LLP
On March 15, 2019, the U.S. Court of Appeals for the Seventh Circuit held in Gaylor v. Mnuchin that the tax exemption for "ministers of the gospel" (defined below) under Section 107(2)
Moritt, Hock & Hamroff LLP
Rev. Rul. 57-464 and Rev. Rul. 57-492 have recently been suspended pending completion of a study by the Treasury Department and Internal Revenue Service concerning the five-year,
Kramer Levin Naftalis & Frankel LLP
As part of the 2020 budget, the New York State Senate and Assembly enacted new revenue legislation, which included an increase to New York State's transfer tax and mansion tax on transfers
Ruchelman PLLC
Code §59A was enacted to impose tax on U.S. corporations with substantial gross receipts when base erosion payments to related entities ...
Ruchelman PLLC
The U.S. Federal deficit is expected to reach $1 trillion in 2019. Meanwhile, a hedge fund billionaire recently purchased a New York City condominium ...
Dickinson Wright PLLC
On March 28, 2019, U.S. Senate Finance Committee Chairman Chuck Grassley (R-IA) and Senator Ron Wyden (D-OR) introduced new tax legislation referred to as the Taxpayer First Act of 2019.
Ropes & Gray LLP
In an alarming development for some private equity funds, the Court of Justice of the European Union (the CJEU) has issued two judgments in the combined N Luxembourg 1 (Case C-115/16),
Day Pitney LLP
On March 27, the IRS announced that taxpayers can no longer request an employer identification number unless the "responsible party" named on the application has a Social Security number.
Ostrow Reisin Berk & Abrams
Any interest in excess of those amounts is limited to 30% of adjusted taxable income.
Ostrow Reisin Berk & Abrams
Here are four major changes that are likely to save taxes for domestic manufacturers.
Duff and Phelps
Now, it's time to step back, take a deep breath and assess just where things stand on a state-by-state basis.
Arnold & Porter
The Tax Cuts and Jobs Act (TCJA), signed into law on December 22, 2017, was the most significant change in the federal tax law since 1986. Although the TCJA ...
Womble Bond Dickinson
The 2017 Tax Cut and Jobs Act ("TCJA") introduced a number of provisions that fundamentally change the way that the US taxes income from the foreign operations of US groups
Gibson, Dunn & Crutcher
Today, the Supreme Court held 7-2 that payments for lost wages due to on-the-job injuries are a form of taxable "compensation" under the Railroad Retirement Tax Act ("RRTA").
Stoll Keenon Ogden PLLC
On March 13, 2019 the 2019 Kentucky General Assembly adopted H.B. 354, legislation originally billed as necessary to make corrections to the substantial tax changes ...
Hunton Andrews Kurth LLP
As part of the 1982 Tax Equity and Fiscal Responsibility Act (TEFRA), Congress implemented new rules pertaining to the issuance of tax-exempt private activity bonds.
Butler Snow LLP
Most non-US persons who are properly advised regarding US real estate ownership will structure their holdings to include some combination of US LLCs,
Duane Morris LLP
The IRS kicked off its annual Dirty Dozen list of the most prevalent, and dangerous, tax scams by warning taxpayers to remain vigilant of these ongoing schemes during tax season and throughout the year.
Proskauer Rose LLP
As we have previously discussed, the 2017 tax reform act created a new excise tax under section 4960 of the Internal Revenue Code that will affect many tax-exempt employers.
Duff and Phelps
On March 1, 2019, the APMA program announced the introduction of a new Excel-based model which taxpayers that are seeking an APA may be required to complete as part of the APA process.
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Proskauer Rose LLP
The passthrough deduction provides a maximum effective rate of 29.6%.
Fenwick & West LLP
Released on November 30, 2018, the foreign tax credit proposed regulations provide a comprehensive new framework for calculating the foreign tax credit in light of several changes made by the Tax Cuts
Ropes & Gray LLP
On December 21, 2018, IRS and Treasury issued final regulations implementing the partnership audit regime (T.D. 9844).
Duff and Phelps
On March 12, 2019, the European Union updated the EU Blacklist of Non-Cooperative Jurisdictions in Taxation Matters and added 10 new jurisdictions to the list, including Aruba, Barbados, Belize, Bermuda, ...
Mayer Brown
The deduction for interest has been under some pressure lately. In particular, the Tax Cuts and Jobs Act (P.L. 115-97) recently amended Section 163(j) of the Internal Revenue Code of 1986 ...
Intertrust
If you're a fund manager of a partnership investing in the United States, you need to prepare for new audit rules enacted by the IRS.
Akin Gump Strauss Hauer & Feld LLP
The Organisation for Economic Co-operation and Development (OECD) will kick off tomorrow a public consultation on its most recent foray into the tax challenges arising from the digitalization
Caplin & Drysdale
The criminal charges of more than 50 individuals, including parents and college athletic coaches, arising from an alleged fraudulent scheme to secure choice slots for their children at elite colleges, has rocked the world of college admissions.
Arnold & Porter
The Tax Cuts and Jobs Act (TCJA), signed into law on December 22, 2017, was the most significant change in the federal tax law since 1986. Although the TCJA ...
Butler Snow LLP
Most non-US persons who are properly advised regarding US real estate ownership will structure their holdings to include some combination of US LLCs,
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