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Daily Report Online

It's Your Money and You Need It Now: ERC Refund Anyone?

As the IRS continues its efforts to combat fraud and streamline processing, businesses that have legitimately qualified for the ERC should stay informed about developments and take appropriate actions to secure their refunds.
6 minute read

New York Law Journal

The Excessive Fines Clause Comes for the FBAR Civil Penalty

"But long before Congress adopted this penalty structure, the Eighth Amendment to the Constitution prohibited the federal government from imposing 'excessive fines,'" writes Jeremy H. Temkin.
9 minute read

New York Law Journal

Allocation of Income From Restricted Share Units

"Determining the New York taxation of nonresident employees who receive deferred compensation adds an additional level of complexity," writes David E. Kahen.
7 minute read

New Jersey Law Journal

Is Your Award Taxable? A Look at the Taxation of Judgments and Settlements

"Almost any amount received will be considered income unless there is an exception or exclusion contained with the Internal Revenue Code or case law," writes Schenck Price's Douglas Eisenberg.
9 minute read

The Legal Intelligencer

Heightened IRS Oversight: Preparing High Earners for Scrutiny

Given recent technological advancements, increased accounting complexity, and economic pressures, the threat of criminal tax fraud has become more pronounced. This presents formidable obstacles for individuals and institutions alike.
5 minute read

New Jersey Law Journal

New Jersey Bulk Sales Notification Requirement—the End of Form TTD

"The primary purpose of the Act is to give the state an opportunity to collect state taxes from an important liquidity event," write Gibbons' Peter J. Ulrich, Nicole E. Taplin and Eric B. Udowychenko.
6 minute read

Daily Report Online

Navigating the Current State of Syndicated Conservation Easements: A Guide for Investors

Engaging independent legal counsel, considering Section 6603 deposits and addressing potential Georgia tax liabilities through the Voluntary Disclosure Program are crucial steps in mitigating risks and securing favorable outcomes.
7 minute read

New York Law Journal

NY Top Court Asked to Eliminate Financial Barrier for Corporations to Dispute Tax Bills

Appellate lawyers from Harris Beach say that this pre-payment requirement is unfair to corporations , and they're asking the New York Court of Appeals to accept the case, and then declare the legislative requirement unconstitutional.
3 minute read

The Legal Intelligencer

Understanding the One-Stop-Shop Rule: Navigating S Corporation Terminations and Revocations

What business owners often fail to realize is that the initial S Election kicks off a litany of compliance obligations that S Corporations must continually observe, supplemented by volumes of Treasury Regulations and Revenue Rulings interpreting and, in several instances, expanding these compliance rules.
6 minute read

National Law Journal

Divided 4th Circuit Says Hearings Not Needed Before FCA Whistleblower Suit Dismissals

The majority said a requirement that there be an "opportunity for a hearing" in qui tam dismissal motions was satisfied. Judge A. Marvin Quattlebaum disagreed.
4 minute read

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