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By Adam R. Young and Brian Bernhardt
On January 13, 2023, the IRS issued Chief Counsel Memorandum 202302012 (the “CCM”) establishing new rules for donations of cryptocurrency. In the CCM, the IRS concluded that taxpayers must obtain a ‘qualified appraisal’ if they claim a charitable contribution deduction of more than…
Continue Reading IRS Cracks Down on Charitable Contributions of CryptocurrencyOmnibus Bill Limits Conservation Easements, but the Long-Requested Safe-Harbor Does Not Apply to Current Cases
On the morning of Dec. 20, 2022, we finally got a look at the language…
Continue Reading Omnibus Bill Limits Conservation Easements, but the Long-Requested Safe-Harbor Does Not Apply to Current CasesIn a major victory before a 17-judge panel of the U.S. Tax Court, a Fox…
Continue Reading Fox Rothschild Tax Litigation Team Topples IRS Conservation Easement RuleThe Presumption of Innocence Podcast: Episode Sixteen
How can you ensure you’ve prepared your case…
Continue Reading An Appealing Conversation: Insights From a Former Court of Appeals JudgeThe Latest
Inspector General Faults Internal Revenue Service for Handling of Pandemic Relief Benefits
By Matthew D. Lee and Jonathan Wasser
Continued Internal Revenue Service processing delays are preventing businesses from receiving pandemic relief benefits, according to the U.S. Treasury Inspector General for Tax Administration…
Continue Reading Inspector General Faults Internal Revenue Service for Handling of Pandemic Relief BenefitsONLY TWO DAYS AWAY! It’s not too late to register for Fox Rothschild’s Inaugural White-Collar Symposium this Thursday in Philadelphia! Panels will address timely topics including Health Care Fraud, COVID-19…
Continue Reading Fox Rothschild’s Inaugural White-Collar Symposium, Thursday, November 3The Federal Government’s Continued Focus on COVID-19 Aid Fraud Leads to New Charges, Convictions and Sentencings
By Marissa Koblitz Kingman and Matthew D. Lee
The Justice Department recently announced new charges, convictions and sentencings in its ongoing initiative to target pandemic-related fraud, emphasizing the government’s commitment…
Continue Reading The Federal Government’s Continued Focus on COVID-19 Aid Fraud Leads to New Charges, Convictions and SentencingsIntroducing the Fox Rothschild White-Collar Symposium.
Join us in Philadelphia on the afternoon of November 3rd to meet with like-minded leaders to discuss the nationwide issues impacting white-collar criminal defense…
Continue Reading Join Us for Fox Rothschild’s Inaugural White-Collar Symposium on November 3Internal Revenue Service Announces Sweeping Penalty Relief for 2019, 2020 Tax Returns
By Matthew D. Lee and Jonathan Wasser
The Internal Revenue Service plans to provide widespread penalty relief for the late filing of certain tax and information returns for the 2019…
Continue Reading Internal Revenue Service Announces Sweeping Penalty Relief for 2019, 2020 Tax ReturnsMatthew D. Lee authored the Bloomberg Tax article, “US Supreme Court to Settle Long-Disputed FBAR Penalty Issue.” View the full article.
Continue Reading US Supreme Court to Settle Long-Disputed FBAR Penalty IssueBrian Bernhardt Featured on The Confident Retirement Podcast, Speaking about his Tax Controversy and Tax Litigation Practice
A former trial attorney for the IRS, Fox Rothschild Counsel Brian Bernhardt has a unique perspective to offer clients facing tax controversies and litigation. In a chat with Kristopher Flammang…
Continue Reading Brian Bernhardt Featured on The Confident Retirement Podcast, Speaking about his Tax Controversy and Tax Litigation PracticeBeginning with the 2022 tax year, Georgia residents may claim a $3,000 tax exemption on their Georgia state income tax return for each qualifying “unborn” child.
On August 1, 2022…
Continue Reading Georgia Residents Eligible for $3,000 Tax Exemption for Each ‘Unborn’ ChildThe U.S. Supreme Court has agreed to resolve a dispute concerning the maximum applicable penalty for non-willful violations of the foreign bank account reporting statute. The Ninth and Fifth circuit…
Continue Reading US Supreme Court to Review Non-willful FBAR Penalty