LawFlash/Client Alert | Tax-Exempt Organizations LawFlash
Celia Roady, Matthew Elkin, Edward Chaney, Kimberly Eney, Alexander Reid
New examples describe additional charitable purposes and investment structures for PRIs.
LawFlash/Client Alert | Tax LawFlash
William Colgin, Jr., William Gorrod, William Clayton
Finalized regulation provides guidance on sales factor sourcing affecting filing requirements and apportionment exposure.
LawFlash/Client Alert | Tax LawFlash
William Colgin, Jr., William Gorrod
Taxpayers may come into compliance with Texas state and local taxes without penalties or interest during the amnesty period of June 12, 2012 through August 17, 2012.
LawFlash/Client Alert | Tax LawFlash
E.S. Kate Habershon
The budget includes a number of business-friendly measures, but also targets perceived tax avoidance.
LawFlash/Client Alert | Tax LawFlash
Tax Practice
Highly anticipated proposed Treasury regulations provide comprehensive guidance on FATCA implementation.
LawFlash/Client Alert | Tax LawFlash
Tax Practice
Certain individuals having only signature authority over foreign financial accounts have until June 30, 2013, to file the FBAR.
LawFlash/Client Alert | Tax LawFlash
Gabriel Quihuis
Proposed and temporary Treasury regulations expand upon, and perhaps duplicate, other required information reporting with respect to foreign financial assets held by certain U.S. taxpayers.
LawFlash/Client Alert | Tax LawFlash
Olivier Couraud
La Loi de Finances Rectificative pour 2011 et la Loi de Finances Initiale pour 2012 confirment la politique de rigueur mise en œuvre par le Gouvernement depuis 2011, au travers d'une fiscalité accrue pour les entreprises et les particuliers. [The Amending Finance Law for 2011 and the Initial Finance Law for 2012 confirm the austerity measures for enterprises and individuals that the French Government set up in 2011.]
LawFlash/Client Alert | Tax-Exempt Organizations LawFlash
Celia Roady, Matthew Elkin, Edward Chaney, Kimberly Eney
Revisions to the District of Columbia Nonprofit Corporation Act affect the governance and internal operations of certain D.C. nonprofits.
Outside Publication | Article
William Gorrod
LawFlash/Client Alert | Tax LawFlash
Robert Martinelli, David Fuller
The Internal Revenue Service (IRS) has released details regarding its new Voluntary Classification Settlement Program (VCSP) in Announcement 2011-64. [1] The VCSP provides taxpayers a new opp... more
LawFlash/Client Alert | Tax LawFlash
William Zimmerman, Gabriel Quihuis
The Internal Revenue Service (IRS) recently issued its second and third notices concerning the implementation of the Foreign Account Tax Compliance Act (FATCA). Notice 2011-34 (the Second Notice) was issued on April 8, 2011 and... more
Outside Publication | Article
William Gorrod
LawFlash/Client Alert | Tax LawFlash
Tax Practice
On June 16, the Internal Revenue Service (IRS) issued Notice 2011-54 , which provides that U.S. persons having signature authority over, but no financial interest in, foreign financial accounts in 2009 or earlier calendar yea... more
LawFlash/Client Alert | Tax LawFlash
Paul Gordon, Casey August
In a decision issued February 9, the U.S. Tax Court ruled, in part, that the partners of a law firm established as a limited liability partnership (LLP) under state law were subject to Self-Employment Contributions Act (SECA) ta... more
LawFlash/Client Alert | Tax LawFlash
Tax Practice
The Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury Department issued Notice 2011-1 (the Notice) on May 31, providing a filing extension until June 30, 2012 for certain U.S. persons with signature authority ov... more
LawFlash/Client Alert | Tax LawFlash
Charles Lubar, Olivier Couraud
On 11 May, the French Government introduced before the National Assembly an Amending Finance Bill (n°3046) for 2011 (the Bill) that proposes a significant reform of taxes on wealth and estates. Pursuant to the Bill, the tax... more
LawFlash/Client Alert | Tax LawFlash
E.S. Kate Habershon
On 23 March, UK Chancellor of the Exchequer George Osborne released his second budget. Unlike his first budget in 2010, which was a "rescue" budget containing a number of cuts, this budget is a "plan for growth" and is aimed at... more
LawFlash/Client Alert | Tax LawFlash
Tax Practice
The Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury Department issued final regulations (RIN 1506-AB08) on February 24 regarding the requirements for certain U.S. persons to file Form TD F 90-22.1, Report of F... more
Outside Publication | Article
William Zimmerman
LawFlash/Client Alert | Tax LawFlash
Tax Practice
On February 8, the Internal Revenue Service (IRS) announced a new penalty framework allowing taxpayers to voluntarily disclose previously unreported offshore accounts and entities. The program generally provides for exemption f... more
LawFlash/Client Alert | Tax LawFlash
Gabriel Quihuis
Signed into law on December 17, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the Act) extends the temporary favorable tax treatment of gain resulting from the sale of qualified sm... more
LawFlash/Client Alert | Tax LawFlash
Tax Practice
On December 22, President Obama signed into law the Regulated Investment Company Modernization Act of 2010 (the Act). The Act includes almost all of the provisions of the version of the legislation passed by the U.S. House o... more
LawFlash/Client Alert | Tax LawFlash
Tax Practice
According to the National Retail Federation’s 2010 holiday survey, total gift card spending for 2010 is estimated to reach $25 billion. [1] According to the survey, gift cards will be ... more
LawFlash/Client Alert | Tax LawFlash
Tax Practice
On December 17, President Obama signed into law H.R. 4853, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the 2010 Tax Relief Act). The 2010 Tax Relief Act extends the Bush-era individua... more