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Tag Archives: tax law

Manafort, Cohen cases reveal weaknesses in enforcement of tax and election laws

Paul Manafort’s multiyear tax fraud and Michael Cohen’s ability to easily arrange campaign contributions as hush money could have been intercepted sooner based on existing tax and campaign rules. But decisions by policymakers and lawmakers to defang regulation and defund ...

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Trump administration opts for speed over accuracy in implementing new tax law

WASHINGTON – The Trump administration is pushing American businesses to withhold fewer taxes from paychecks by February, aiming to quickly deliver the boost in take-home pay that Republicans promised their tax law would bring. But the rush could expose millions ...

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Commentary: Preparing for the Revenue Act of 2017 … or 2018

One of the cornerstones of then-candidate Donald J. Trump’s promise to “Make America Great Again” was substantial reform of the federal tax system. On April 26, President Trump introduced a single-page plan summarizing his proposals in very brief, sweeping terms. ...

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Keeping Your Balance: Repatriation tax holiday — new friend or old foe?


As we move closer to substantive Congressional discussions regarding tax reform, which assumedly will encompass both individual and corporate tax packages, one area which will inevitably share the spotlight is the potential for another repatriation tax holiday. U.S. based corporations ...

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Keeping Your Balance: Year-end tax planning with an eye to Trump’s proposals


It is that time of year again when we brave the holiday crowds, throw out our backs shoveling snow, and … sharpen our pencils to do some fun year-end tax planning.  While this should be done throughout the year, many ...

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Gov’t watchdog: Tax law too complex

WASHINGTON, D.C. — The nation’s tax law is so thick and complicated that businesses and individuals spend more than 6 billion hours a year complying with filing requirements. That’s the equivalent of 3 million people working full-time, year-round. As a ...

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Court of Appeals — Tax Law: EchoStar Satellite Corp. v. Tax Appeals Tribunal of the State of New York, et al.

New York State Court of Appeals Tax Law Resale Exemption EchoStar Satellite Corp. v. Tax Appeals Tribunal of the State of New York, et al. No. 87 Judge Graffeo Background: On appeal, the issue was whether a satellite television provider’s ...

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Altria v. USA

U.S. Court of Appeals for the Second Circuit Tax Law Substance Over Form Altria v. USA 10-2404-cv Judges Newman, Leval and Pooler Background: The plaintiff-appellant appealed from the denial of its motion for judgment as a matter of law, or ...

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State changes tax law for LLC investors

New York has finally changed a tax law that made investors pay for the sales tax liabilities of the companies they invested in. The law changes how much members of limited liability companies are on the hook for, as long as they have less than a 50 percent ownership interest ...

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