Taxes

It’s October, so we’re thinking about… tax season? Even though that doesn’t feel like it should be right, it is. The next tax season is just a few months away, which means it’s the perfect time to start thinking about how to prepare. For taxpayers, that should mean reaching out to tax and financial professionals

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, they attempt to avoid potential

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 Stewart, editor in chief of

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 the point of each commercial

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 cannot render decisions on important