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Latest Taxes News

How To Donate 80,000 Comic Books—And Get A Marvelous Tax Break

Seven decades after he became addicted to Superman, Gary Prebula’s collection of graphic novels and comics has a permanent home…

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Record-Breaking Accomplishments On Jobs And Unemployment Under Biden

The May jobs and unemployment report is out today, and it shows a continuing strong economy. The Biden Administration’s robust…

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Stronger Ties With Top HBCU

Law firm mergers and acquisitions often bring opportunities to grow law firms—but typically not the profession. A recent pairing in…

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UK VAT Partial Exemption- Avoiding Unexpected Costs

The UK VAT rules applicable to VAT exempt supplies continue to be a frequent area of dispute with the UK…

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IRS Document Upload Tool Hits One Million Submissions As Team In Charge Gets Award Nod

The IRS has accepted its one millionth taxpayer submission using the Document Upload Tool. The tool gives taxpayers and tax…

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NYC Congestion Pricing Is Seemingly Dead—In Favor Of Payroll Taxes

In a surprise reversal, Gov. Kathy Hochul announced that planned congestion pricing in Manhattans Congestion Relief Zone will be shelved…

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Supreme Court Rules In Favor Of IRS In Corporate Redemption Tax Case

Closely held corporations often enter into agreements to redeem a shareholder's stock after death to ensure the continuity of the…

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FTX Reaches Bankruptcy Settlement With IRS On $24 Billion Claim

FTX, formerly one of the largest crypto trading exchanges in the world, may be getting a tax break. A proposed…

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$187 Million In Charitable Deductions From A $9.5 Million Purchase

Big Escambia Ventures LLC is the tax matters partner in thirteen partnerships that are currently in Tax Court. Judge Albert…

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State Tax Treatment Of IRA Energy Credits

Alysse McLoughlin and Katie Quinn of Jones Walker discuss state tax implications of the Inflation Reduction Act’s clean energy credits.…

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