Get your popcorn ready because there is nothing more exciting than the intersection of sports and tax! As a former Division II athlete, the current state of college sports and
Continue Reading The Growing Business of Sports: A Tax Playbook ReviewFederal Gift Tax
IRS Provides Additional Extensions for Taxpayers Affected by Terrorist Attacks in Israel
IRS Notice 2024-72, provides relief for individuals and businesses affected by terrorism in Israel.
Continue Reading IRS Provides Additional Extensions for Taxpayers Affected by Terrorist Attacks in Israel
IRS Provides Extensions for Taxpayers Impacted by Hamas Terrorism in Israel
In Notice 2023-71, the IRS provided tax relief for individuals affected by Hamas’ terroristic action in the State of Israel beginning on October 7, 2023. Notably, this relief is not…
Continue Reading IRS Provides Extensions for Taxpayers Impacted by Hamas Terrorism in IsraelIRS Postpones Gift Tax Filing Deadline to July 15, 2020 Due to COVID-19 Pandemic
As a follow-up to its prior announcement that the April 15 income tax filing deadline is extended to July 15 due to the COVID-19 pandemic, the Treasury Department has announced…
Continue Reading IRS Postpones Gift Tax Filing Deadline to July 15, 2020 Due to COVID-19 Pandemic
The Federal Gift (Tax) That Keeps On Giving
Our colleagues Melissa A. Terranova and Eric Sorkin have published a client alert about recently-issued Internal Revenue Service proposed regulations that would allow estates to leverage favorable gift exclusion amounts…
Continue Reading The Federal Gift (Tax) That Keeps On Giving