Following the 11th Circuit's ruling in Green Rock LLC v. IRS this past summer, the IRS has decided to cease its defense of post-American Jobs ...

Congress enacted Internal Revenue Code Section 6751(b) to protect taxpayers from the IRS using penalties as a bargaining ...

Reporting on ISO/ESPP Transactions - As originally discussed in our December 16, 2010 blog article, the IRS issued ...

January is a good time to consider tax planning. Amid the yearly onslaught of inflation-adjusted tax figures, here are three ...

President Biden signed two bills intended to ease the burden of reporting under the Affordable Care Act (“ACA”) for health ...

Our Employee Benefits & Executive Compensation Group highlights changes that will make it less burdensome in 2025 for plan sponsors to file ...

GSTN in an new advisory said now GST SPL-02 form has been made available on the GST portal. GST SPL-02 form can be used to ...

On Monday, December 23, 2024, President Biden signed into law two bills, H.R. 3797 (the “Paperwork Reduction Act”) and H.R. 3801 (the “Employer Reporting Improvement Act”), which will positively ...

In Notice 2024-73, the Internal Revenue Service (“IRS”) issued guidance on the application of certain non-discrimination ...

Form 61A serves as a tool for the Income Tax Department to monitor and track these substantial transactions. Transactions That May Trigger Income Tax Notices Several high-value transactions may draw ...

The payments, totaling some $2.4 billion, will vary, but the maximum is $1,400 per individual. The mailing follows an IRS review of data showing many eligible taxpayers who filed a return did not ...

Skadden attorneys assess Treasury notice on OECD guidance Companies must balance compliance burdens with simplicity The Treasury Department’s recent notice on the OECD’s Amount B guidance aims to ease ...