The Tax Cuts and Jobs Act of 2017 (the “Act”), which was enacted into law last December, represents the most significant reform of the U.S. tax code in […]
Don Korb and Andy Solomon on the Passage of Tax Reform
The authors describe the legislative process that resulted in the Tax Cuts and Jobs Act being signed into law on December 22, 2017, emphasizing the speed with which […]
Tax Reform and State and Local Taxation
Pursuant to the federal tax reform enacted in December 2017, individuals are significantly limited in their ability to deduct state and local taxes. As a result, states with […]
U.S. Tax Reform: Tax-Exempt Organizations
The Tax Cuts and Jobs Act of 2017 (the “Act”) includes several tax provisions that will affect tax-exempt organizations and their donors. Each change is effective for tax […]
Shakira Tax Ruling, Live Nation Case, Charlie Brown Lawsuits & More Top Music Law News
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 […]