The death of New York’s Richard Ravitch, a legendary civic and economic expert and problem solver, prompted the New York Times’ Ginia Bellafante to recall the city’s brush with bankruptcy in the 1970s. Noting Ravitch’s role in bringing unions into the city’s financial rescue, Bellafante wonders “could such an alliance…

It is important for all taxpayers to be at least aware of the power of the IRS, in an effort to incentivize compliance. This is due to the IRS possessing many arrows in its quiver to enforce US taxpayers’ payment of a deficiency. The IRS possesses an assessment statute of…

A Nigerian national who targeted elderly U.S. victims has been sentenced to nearly seven years in prison for his role in the scheme. Emmanuel Samuel, 39, was charged as part of a group of fraudsters that sent personalized letters to elderly victims in the U.S. Earlier this year, Samuel, along…

The Internal Revenue Service (IRS) governs some of the most complex laws in the world. Beyond the complexity, the pace of change in the tax code is hard to keep up with year after year. This month, the latest round of proposed tax changes have implications for individuals and business…

What are some good dividend stocks to buy? The right answer depends on your financial goals. With dividend stocks, there’s usually a trade-off between yield and reliability. Said another way, the dividend-payers that generate maximum income for your investment dollar aren’t always the most dependable. And the most dependable dividend…

Taxes are complex, and the line between creative tax planning and tax evasion isn’t always clear. How aggressive are you being? Are you claiming something the IRS may view as over the top? Do you have exposure for past years, and would amending your past tax returns make the situation…

The Supreme Court has added a new tax case to its docket for the 2023-24 term: Moore v. United States. As a result, the Court will consider whether a relatively new tax—the “mandatory repatriation tax”—created under a provision of the 2017 Tax Cuts and Jobs Act is unconstitutional under the…

Antawn Jamal Sanders has probably set a record although he is not likely pleased. How close can you get to having a Tax Court petition be timely, but still have it be late? Mr. Sanders missed by 11 seconds, maybe 9 seconds depending on how you look at it. Or…

U.N. Secretary-General António Guterres is expected to release a much-anticipated report on international tax cooperation within a few weeks. As the international tax community waits — and speculates — on what that report might say, the secretary-general recently offered a small hint. At the end of May he released a…

Falling into the Senior Accounting Officer regime for the first time The Senior Accounting Officer (SAO) regime forms a key part of any large UK business’s tax governance and risk management framework. While SAO is ultimately a compliance requirement – and penalties may be imposed on both SAOs and companies…