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New York Law Journal

Sentencing Commission Addresses Inconsistent Definitions of “Loss”

This article discusses the inconsistent definition of loss as defined by the Sentencing Commission.
10 minute read

Daily Business Review

Florida Hurricane Relief—IRS Offers Extended Deadlines and Tax Benefits

Adding to previously announced relief for taxpayers affected by Hurricanes Helene and Debby, the IRS has extended tax filing and certain payment deadlines to May 1, 2025, for taxpayers affected by Hurricane Milton throughout Florida.
4 minute read

The Legal Intelligencer

The Importance of Plaintiffs Not Letting Defendants Dictate Settlement Tax Strategies

When plaintiffs ignore or defer to defendants on settlement language classifying settlement proceeds, plaintiffs lose the opportunity to influence their tax liability.
9 minute read

New York Law Journal

Sales Chasing in a Reassessment Jurisdiction

This article discusses property case law and taxes. "The practice – in which a tax assessor singles out a property for an increase in its assessed value following a sale while neglecting similar treatment for comparable properties that did not recently transfer – goes by a variety of other descriptive names..."
8 minute read

New York Law Journal

Alter Ego: Protecting Your Corporation's Tax Status

Creditors of corporate entities will, at various times, pursue the controlling shareholders to satisfy an undercapitalized corporation's indebtedness. Following along these lines, when it comes to income taxation, it is always important to be able to identify the proper taxpayer.
8 minute read

Daily Report Online

Clients, Not Counsel, Have Most To Gain from Georgia Tax Court, Lawyer Predicts

The proposed court would ease filing of appeals of state tax decisions but won't immediately increase demand for tax lawyers' services, one attorney says.
6 minute read

New York Law Journal

Funding Life-Income Charitable Gifts With IRAs

"Your clients can use up to $53,000 of their IRA's Required Minimum Distributions (RMDs) to make life-income charitable gifts."
4 minute read

Corporate Counsel

Ex-Moody's GC Gets 8 Months in Prison for Not Filing Tax Returns on $54M in Income

Former Moody's GC John Goggins "regrets and accepts full responsibility" for failing to file his returns and "is grateful to the court for considering the comprehensive measures of accountability and restitution he has taken in connection with his misdemeanor offenses."
2 minute read

The Legal Intelligencer

Recent Supreme Court Decisions May Affect Tax Practice

This article discusses the potential impact of two recent U.S. Supreme Court decisions—Loper Bright Enterprises v. Raimondo and Corner Post v. Board of Governors of the Federal Reserve System—on tax planning and controversy practice.
6 minute read

New York Law Journal

IRS Issues Regulations on Conservation Easement Reporting

In December 2022, the IRS issued proposed regulations designating certain syndicated conservation easements as listed transactions. In their financing column, Ezra Dyckman and Charles Nelson offer their thoughts on how the regulations, finalized by the IRS on Oct. 8, 2024, "seem to go beyond congressional intent and create the added confusion of having two similar but not identical sets of rules."  
5 minute read

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