Tax Law News and Insights

Is your tax-exempt organization working on major construction or renovations on your property? Or considering purchasing new energy-efficient cars for your organization? If so, there is some good news for you. The Inflation Reduction Act of 2022 ("the Act"), signed by President Biden on August 16, 2022, includes a wide...

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Can You Go to Jail for Not Paying Your IRS Taxes? Taxpayers routinely ask me if they can go to jail for not paying their federal income taxes. Admittedly, the bar is not that high for felony tax evasion—the government must only prove three elements: (i) willfulness; (ii) the existence of...

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In recent years, tax authorities across the globe have adopted a number of OECD-led initiatives aimed at curbing the ability of multinational enterprises to engage in so-called Base Erosion and Profit Shifting (BEPS) (i.e., the artificial shifting of profits, for tax purposes, to low or no-tax jurisdictions). The OECD has achieved considerable...

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