Tax

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Tax law is one of the most complex areas of the law.  The recent legislation, the Tax Cuts and Jobs Acts (TCJA), the first major change to tax law since 1986, had many implications for business owners, as well as private individuals for tax filing purposes. Almost every decision a business makes may have tax consequences, and the National Law Review has legal analysis of the new TCJA legislation as well as updates on the IRS interpretations and guidance documents.

State Tax Laws (SALT)

Additionally, the National Law Review has coverage of many state tax laws, as well as states' responses to the TCJA.   These SALT issues are carefully analyzed by the legal experts who write for the National Law Review.  Along with state income tax rules, there is also information on how states are handling aspects of the gig economy, as well as state responses to changes with the individual mandate under the Affordable Care Act.

GILTI Tax, Estate, Base Erosion Anti-Abuse Tax

From new tax implications under GILTI tax (Global Intangible Low Taxed Income) to deductions under the IRC for gifts and estate transfers, visitors can find the latest stories in relation to both business and personal tax laws. Visitors can read about the implications the TCJA has on multinational companies, how the BEAT tax (Base Erosion Anti-Abuse Tax) is calculated, or the effects estate taxes will have when deciding who to leave property to in a will.

Tax Deductions & Credits

With the evolving tax situations, there are many questions related to which tax credits and deductions are still on the table.  The National Law Review offers analysis of changing tax regulations, interpreting legislation to answer questions related to tax credits like the Family and Medical Leave Tax Credit as well as Historic Tax Credit, and renewable energy tax credits.

The National Law Review also covers stories and news about nonprofit and for-profit organizations, and how the current tax legislation affects these companies. Among the topics covered on the site are transfer taxes, estate taxes, tangible and property tax law, bankruptcy, restructuring, and tax implications on real estate. From news about tax implications on multinational organizations involved in international deals and relations to tax implications under ACA (Affordable Care Act) and HSA (health savings accounts), visitors will always find the latest tax law covered on the National Law Review site.

Updates on Federal Agencies Related to Tax

The National Law Review provides news and coverage on federal taxing agencies including the Internal Revenue Service (IRS), Department of Treasury, and state and local government agencies, which dictate tax laws. For coverage on state, national, federal, and international taxes, and how TCJA affects these taxes, the National Law Review provides the latest, in-depth news coverage for its visitors.

National Law Review Tax Law TwitterFor hourly updates on the latest IRS and tax law news, be sure to follow our Tax Law X (formerly Twitter) feed, and sign up for complimentary e-news bulletins.

Recent Tax, Internal Revenue Service & Treasury Legal News

Title
Custom text Organization Sort descending
Mar
10
2021
New COVID-19 Stimulus Bill Includes Significant Pension Reforms and Expands Scope of 162(m) Compensation Deduction Limit Proskauer Rose LLP
Feb
1
2016
IRS Significantly Liberalizes Permitted Mid-Year Changes to Safe Harbor Plans Proskauer Rose LLP
May
17
2021
Hong Kong’s Carried Interest Tax Concession – Zero % Tax! Proskauer Rose LLP
Feb
7
2016
Significant Changes to U.S. Taxation of REITs and Investments by Non-U.S. Investors in Real Property under the PATH Act Proskauer Rose LLP
Jul
5
2021
130 Countries Join The OECD’s Framework for International Tax Reform Proskauer Rose LLP
Apr
28
2016
IRS Confirms California “Waiting Time Penalties” Are Not Wages For Federal Income Tax Purposes Proskauer Rose LLP
Dec
7
2021
IRS Releases Guidance on Requirements for Limited Liability Companies to Qualify as Tax-Exempt Entities Proskauer Rose LLP
Aug
4
2016
2016 Draft Forms & Instructions Released: Affordable Care Act Reporting Update Proskauer Rose LLP
May
13
2022
A New(ish) Chemical Excise Tax Effective July 2022 Proskauer Rose LLP
Jan
6
2017
Courts Split on Definition of a “Return” for Tax Discharge Proskauer Rose LLP
Oct
21
2022
IRS Announces 2023 Increases to Health FSA and Transportation Fringe Benefit Limits Proskauer Rose LLP
Apr
27
2017
Trump Administration Announces Outline of Its Tax Proposal Proskauer Rose LLP
Nov
6
2017
New Rules for Tax-Exempt Organizations in the Tax Cuts and Jobs Act Proskauer Rose LLP
Dec
21
2017
Tax Reform: Impact at the State Level Proskauer Rose LLP
Dec
28
2017
IRS Issues Taxpayer Advisory on Prepayment of 2018 Property Taxes Proskauer Rose LLP
Jan
10
2018
New Tax Law (H.R. 1): Key Highlights for Private Investment Funds Proskauer Rose LLP
Feb
21
2018
The New Estate Tax Law – Here Today, Gone Tomorrow Proskauer Rose LLP
Mar
26
2018
IRS Provides Guidance on Searching for Missing 403(b) Participants Proskauer Rose LLP
Oct
8
2018
[Podcast]: Nuts and Bolts on a Management Buyout – Part 1 Proskauer Rose LLP
Sep
8
2023
OFCCP Announces New Round of Contractors Selected for Audits – Was Your Company Selected? Proskauer Rose LLP
Jan
2
2024
Tax Court Holds That an Offshore Fund is Engaged in a U.S. Trade or Business Proskauer Rose LLP
Mar
8
2019
IRS Reopens Opportunity to Cash Out Retirees in Pay Status—At Least For Now Proskauer Rose LLP
Mar
27
2024
Summary of the Biden Administration’s Fiscal Year 2025 Green Book Tax Proposals Proskauer Rose LLP
Jul
4
2019
State Tax on Trust Income Based Solely on In-State Residence of Beneficiaries Found Unconstitutional Proskauer Rose LLP
Oct
22
2019
Democratic Tax Policy Proposals Proskauer Rose LLP
Nov
11
2019
New York State Codifies the Johnson Amendment Proskauer Rose LLP
Mar
18
2014
New York State Department of Taxation and Finance Advisory Opinion (TSB-A-14(6)S) Concludes that Substitution of Property by the Settlor of an Irrevocable Grantor Trust is Subject to New York Sales Tax Proskauer Rose LLP
Dec
11
2019
IRS Officials Discuss Promotional Airdrops, Pre-2018 Crypto-for-Crypto Exchanges, and Other Issues Not Addressed in Recent Tax Guidance Proskauer Rose LLP
 

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