THE BIG STORY: Nobody likes filing their taxes. But for globe-trotting music stars on cross-border tours, it’s an even bigger problem — and one that can lead to […]
Tax Planning for Carve-Out and Take-Private Transactions: Use of Selective Section 338 and/or 336 Elections | Katten Muchin Rosenman LLP
In carve-out transactions, especially in take-private transactions backed by private equity (PE), tax friction costs can often make or break a deal. By the same token, creative tax […]
Shakira’s Tax Case & the Math of International Touring: Analysis
In 2011, Shakira spent 163 days in Spain between stops on her blockbuster Sale el Sol world tour. That tally ended up being crucial in the star’s long […]
New Bill Proposes Annual Withholding Tax on Trusts with Assets Exceeding $50M | Farrell Fritz, P.C.
On May 12, 2026, a Bill entitled the “Fair Trusts for Fiscal Responsibility Act” was introduced in the Senate by Sen. Patty Murray and co-led by Sen. Ron […]
Suffolk County Filing Period for Real Property Tax Grievances Begins May 1, 2026 | Farrell Fritz, P.C.
The Suffolk County deadline for filing a property tax grievance is always the third Tuesday in May – this year, falling on May 19th. The filing period begins […]
Quavo of Migos Hit With $3M Unpaid Tax Claim From IRS
The IRS has come knocking on Quavo’s door for $3 million in allegedly unpaid income taxes dating back to 2021. A tax lien notice filed in January shows […]
Britney Spears Fights IRS Over 2021 Tax Bill
The IRS has accused Britney Spears of underpaying her 2021 taxes — and now the pop star is fighting back. In September, the federal agency sent Spears a […]
IRS Brain Drain Could Undermine Enforcement, Tax Experts Warn
The unprecedented staff reductions at the U.S. Internal Revenue Service could result in significantly less tax revenue, a reduction in taxpayer services and fewer audits, tax experts said […]
SCOTUS refines trustee’s power to claw back tax payments
Listen to this article In a case involving a bankruptcy trustee’s §544(b) action to claw back $145,000 shareholders in a failed Utah company misappropriated to pay their personal […]
Workers’ Attempt to Link H-1B Hiring to Tax Fraud Falls Short With 2nd Circuit
The Second Circuit has refused to rescue U.S. workers’ claims that a New York information technology contractor deprived the federal government of tax revenue by hiring lower-salaried H-1B […]