Yesterday the Tax Court issued its much awaited opinion in Patel v. Commissioner. After the Court disallowed deductions attributable to Patel’s captive insurance arrangement, it ordered briefing on the
Continue Reading Tax Court Economic Substance Ruling is a Mixed Bag for TaxpayersIRS Criminal Investigation Unit to Target Tax-Exempt Entities and Political Donors
On October 15, 2025, the Wall Street Journal (WSJ) reported that the Trump administration plans to install administration-friendly officials in the IRS Criminal Investigative Division (IRS CI) to investigate left-leaning
Continue Reading IRS Criminal Investigation Unit to Target Tax-Exempt Entities and Political DonorsThe Government Shutdown Could Lead to Collections Nightmares for Taxpayers
As everyone (hopefully) knows, the Government has been shut down for over two weeks now. Much has been written about the IRS having to furlough nearly half of its workforce
Continue Reading The Government Shutdown Could Lead to Collections Nightmares for TaxpayersIRS Has Funds to Continue Operations for Five Business Days After Potential Midnight Government Shutdown
Despite the apparent forthcoming government shutdown at midnight tonight, the IRS is prepared to briefly continue its operations according to its “lapsed appropriations” plan. The plan, released yesterday, September 29
Continue Reading IRS Has Funds to Continue Operations for Five Business Days After Potential Midnight Government ShutdownIRS Provides Second Extension for Taxpayers Affected by Terrorist Attacks in Israel
In Notice 2025-53, the IRS provided relief for individuals and businesses affected by terrorism in the State of Israel throughout 2024 and 2025. The new notice extends the relief granted
Continue Reading IRS Provides Second Extension for Taxpayers Affected by Terrorist Attacks in IsraelIRS-ICE Information Sharing: Practical Tax and Immigration Considerations
In April, the IRS and ICE signed a Memorandum of Understanding (MOU) allowing the IRS to share taxpayer information, such as names, addresses, and tax data, with ICE for certain
Continue Reading IRS-ICE Information Sharing: Practical Tax and Immigration ConsiderationsNew House Tax Bill Contains Several Key Provisions
On Monday, Republicans unveiled their much anticipated Tax Bill (the “Bill”). At 389 pages, the Bill contains a number of provisions. Some are simply extensions of previous provisions that were
Continue Reading New House Tax Bill Contains Several Key ProvisionsThreat to Harvard’s Tax Status Reaches All Nonprofits – A Bloomberg Daily Tax Report Column
Fox Rothschild partners Brian Bernhardt and Adam Young authored an article in Bloomberg’s Daily Tax Report examining both the ancillary threats to all nonprofits as a result of the Administration’s
Continue Reading Threat to Harvard’s Tax Status Reaches All Nonprofits – A Bloomberg Daily Tax Report ColumnFalse Claims Act Fallout from Pandemic Aid: What You Need to Know – A Fox Rothschild Webinar
Join Fox Rothschild White-Collar Criminal Defense & Regulatory Compliance partners Kevin Raphael, Brian Bernhardt, and Jonathan Wasser for a complimentary webinar addressing how to prepare for a potential Department of
Continue Reading False Claims Act Fallout from Pandemic Aid: What You Need to Know – A Fox Rothschild Webinar
DOJ Seeks Injunction Barring Promotion of Monetized Installment Sales
By Kristy Caron, Nicholas Lyskin, and Adon Solomon
An installment sale occurs when property is disposed of and at least one payment is received after the tax year of the
Continue Reading DOJ Seeks Injunction Barring Promotion of Monetized Installment Sales