Disputes focused on “syndicated” conservation easement transactions have existed for years, but they are far from repetitive for several reasons. One is that taxpayers organizing partnerships whose options include donating an easement tend to closely follow guidance issued by the Internal Revenue Service (“IRS”), court decisions, and other sources. Then,…

In the first of a two-episode series, Tim Jacobs of Hunton Andrews Kurth discusses the energy credits enacted in the Inflation Reduction Act and the major pieces of guidance released so far. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David…

Tax laws are created by Congress, with the Internal Revenue Service (“IRS”) often required to add details by issuing regulations, Revenue Procedures, Notices, and the like. Sometimes though, input from those two sources is not enough; courts must intervene to address voids in or disagreements about the rules. Unfortunately, courts…

There is a big data revolution quietly brewing inside the U.S. Federal Reserve that’s going to fundamentally change the way corporate tax is reported and collected in this country. It’s called e-invoicing, and it will make it possible for the government to collect detailed transactional data in real-time, automatically at…

In a pivotal scene in the movie On The Basis Of Sex, Judge Doyle, portrayed by Gary Werntz, advises, “The word “woman” does not appear even once in the U.S. Constitution.” Ruth Bader Ginsburg, played by Felicity Jones, coolly responds, “Nor does the world “freedom,” Your Honor.” That exchange is…

“I want to be a dad again at 90, and I don’t need Viagra.” That quote is from U.K. billionaire Bernie Ecclestone, the iconic former boss of the Formula One motor-sport empire. It’s a peculiar lede for an article about international tax, but then Ecclestone is not your average businessman.…

Congress created a big incentive for restaurants and bars to report employees’ tips, which can be good for workers, too—even if many don’t believe it. So why hasn’t it done the same for the largely female-owned beauty industry? By Kelly Phillips Erb, Forbes Staff The holidays are coming and Paige…

Robert Goulder of Tax Notes and Sharon Katz-Pearlman of Greenberg Traurig discuss the ongoing friction between the United Nations and the OECD over the U.N.’s push to play a larger role in international tax policy. This transcript has been edited for length and clarity. Robert Goulder: Hello everyone, I’m Bob…

I just received two emails, which I copy below without identifying their authors. Both authors are keeping careful track, over time, of their projected Social Security benefits as reported on Social Security’s website. Both report projected benefits that are significantly lower than those projected earlier this year. In the first…

The IRS recently made an important announcement on October 19, 2023 regarding the withdrawal process for Employee Retention Credit (ERC) claims. This announcement has left many individuals and businesses wondering whether they should withdraw their claim or not. This decision is especially crucial for those who have used the services…