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New York Law Journal

Filings With the Treasury and/or the IRS

Most tax-related informational-type returns are filed with the IRS in coordination with income tax filing deadlines. However, there is at least one major deadline involving foreign assets that now requires filing with the Treasury. Another major reporting development involving the IRS and third-parties includes new filing rules.
6 minute read

National Law Journal

Law Firm Hiring in DC Focuses on High-Demand Antitrust, Investigations Practices

Law firm hiring from the government remains active as demand has grown within litigation and regulatory practices in recent quarters.
3 minute read

Daily Report Online

Reversed—Again: Rare Victory and Supreme Court Ruling Impacts Business Tax

"[T]he lease payments Funvestment makes to Tiny Towne for its lease of the COAMs—which also constitute income to Tiny Towne—are exempt from sales and use taxes under OCGA § 48-8-3 (43)," the Supreme Court of Georgia ruled. "Funvestment is not obligated to pay nor is Tiny Towne obligated to remit any sales and use taxes to the DOR on these lease revenues."
6 minute read

New York Law Journal

What is the Deal? Proper Reporting Requires Analysis

Selling taxpayers often ignore or fail to appreciate the full picture of their sale transaction. This article examines two recent Tax Court cases in which taxpayers incorrectly accounted for the consideration received as sellers of property.
6 minute read

New York Law Journal

Taxpayer Scores Major Victory in Franchise Tax Case

The 'Jefferies Group and Subsidiaries' case involved refund claims of over $10 million. While the Tax Division, among other challenges, objected to numerous positions taken on the corporate returns, the New York State Division of Tax Appeals rejected almost all claims made by the Tax Division.
10 minute read

National Law Journal

Hunter Biden's Attorney Files Suit Against IRS, Challenges Whistleblower Disclosures

The lawsuit seeks a declaration that the IRS was negligent and violated the Privacy Act by disclosing Biden's tax details as well as $1,000 in damages for every unauthorized disclosure
4 minute read

Law.com

Determining Law Firm Employee Classification Through the ABC Test

Law firms have traditionally been large consumers of contract labor for a variety of purposes. These workers are traditionally classified as independent contractors, issued a 1099 and treated as ineligible for employee benefits. In recent years, many states have started to adopt the "ABC" test to determine whether a worker should be classified as an independent contractor or an employee.
7 minute read

New York Law Journal

Tax Court Deadlines: Greater Leeway for Taxpayers?

This column examines an emerging split over the treatment of 26 U.S.C. §6213(a), which provides taxpayers seeking relief from deficiencies found by the IRS with 90 days to file their Tax Court petitions.
10 minute read

New York Law Journal

Post-Pandemic Residency and Tax Planning Trends for NY Residents

There has been an inflection point in the economy as a result of work life returning to a new post-pandemic normal. These changes are, in turn, impacting employees' choice of domicile for trust and estate planning purposes, among other things. In this article, Juliya L. Ismailov explores the far-flung tax consequences of post-pandemic recovery.
7 minute read

New York Law Journal

New York's Latest Legislative Session: What Passed, What Didn't, What's Next

The first year of the 2023-2024 legislative session began Jan. 4, 2023 and ended June 8, 2023. In this article, Sharon L. Klein highlights some of the most significant developments.
15 minute read

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