IRS Aims to Stop Abusive Schemes from Gaining Traction
The IRS is seeking to prevent new, potentially abusive transactions from gaining traction with taxpayers. Early this year, the agency launched a group, called the Joint Strategic Emerging Issues Team,...
1 Sep 202214min
Companies Urged to Start Preparing for Global Tax Deal
Tax directors around the world are grappling with a two-pillar global tax agreement that will require multinational companies to change where and how much tax they pay. As details of how these complex...
25 Aug 202210min
Navigating Accounting Firm Mergers and Shakeups
The accounting world has been shaken up with several high-profile mergers and acquisitions among firms in recent years, reflecting the growing needs of clients. Abe Schlisselfeld of Marks Paneth LLP h...
11 Aug 202210min
Becoming Tax Court Chief Judge in the Time of Covid
Kathleen Kerrigan is stepping into her new role as the US Tax Court's chief judge with an overarching goal to help the court in living with the Covid-19 pandemic. Kerrigan says her work will include m...
4 Aug 202213min
States Eye Reforms Aimed at Shell Corporation Secrecy
The United States ranks first globally for financial secrecy, according to the latest report by the Tax Justice Network and US authorities are trying to do something about it. The Pandora Papers show ...
28 Jul 202222min
The Implications of Ending the US-Hungary Tax Treaty
The July 8 news that the US was canceling a bilateral tax treaty with Hungary that has been in place since 1979 took a lot of people by surprise. While Treasury pointed to conditions in the treaty it ...
21 Jul 202216min
Land Conservation Tax Break Under Increasing Scrutiny
Tax-advantaged land deals known as syndicated conservation easements are under increasingly heavy scrutiny from the IRS and Congress. The transactions involve a tax break under tax code Section 170(h)...
14 Jul 202215min
Biden's Economic Plan Races the Clock on Capitol Hill
The Biden administration and Democratic lawmakers are quickly running out of time to move a revamped tax, climate, and health care package before the midterm elections. Biden's broad "Build Back Bette...
7 Jul 202216min
