Our Federal Tax Group examines a U.S. Supreme Court ruling that could give taxpayers greater leeway to challenge IRS regulatory schemes before the IRS takes enforcement action. CIS Services v. IRS narrows the reach of the Anti-Injunction ActThree … [Continue reading] about Taxpayers Can Strike First: Supreme Court Allows Pre-Enforcement Challenges to Certain IRS Regulatory Actions
Check Your Timing: Tax Traps for the Unwary in Acquisition Agreements
Even one day of unanticipated tax liabilities can have meaningful consequences. Our Federal Tax Group turns your attention to the little-regarded – but still important – straddle-period provisions in acquisition agreements. The “interim closing of … [Continue reading] about Check Your Timing: Tax Traps for the Unwary in Acquisition Agreements
Bracing for the Next Wave of Delaware Unclaimed Property Reform: Review of SB 103 and SB 104
Our Unclaimed Property Team examines a pair of fast-tracked Delaware bills that would reform a swath of the state’s escheat laws in response to ongoing litigation and other disputes over audits and voluntary disclosure agreements. Defining, … [Continue reading] about Bracing for the Next Wave of Delaware Unclaimed Property Reform: Review of SB 103 and SB 104
IRS APMA’s Results May Suggest COVID-19 Immunity
Our International Tax Group analyzes the report on the IRS’s Advance Pricing and Mutual Agreement Program and identifies important insights and trends for advance pricing agreements. Effects of the COVID-19 pandemic on APMA operations and … [Continue reading] about IRS APMA’s Results May Suggest COVID-19 Immunity
New York’s FY 2022 Budget Bill Crosses Finish Line
New York State’s budget bill is on the governor’s desk. Our State & Local Tax Group provides the most significant highlights for you and your business. Higher tax rates for the wealthy, lower tax rates for the middle classCorporations will see … [Continue reading] about New York’s FY 2022 Budget Bill Crosses Finish Line