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 SalesAnother Civil Penalty Falls under Jarkesy – What’s Next?
On April 17th, the Fifth Circuit Court of Appeals held that an FCC penalty violates the Seventh Amendment based on the Supreme Court’s landmark ruling in SEC v.
Continue Reading Another Civil Penalty Falls under Jarkesy – What’s Next?Harvard University’s Tax-Exempt Status in Jeopardy: What It Could Mean for Your Organization
Nonprofit schools and other entities should be prepared to defend their tax-exempt status in the event of an IRS audit after President Trump called for revoking Harvard University’s tax-exempt status.
Continue Reading Harvard University’s Tax-Exempt Status in Jeopardy: What It Could Mean for Your Organization
IRS Turns to New ‘John Doe’ Summonses in Continuing Quest to Combat Offshore Tax Evasion
In recent months the Internal Revenue Service (IRS) has started issuing “John Doe” summonses to overseas trust companies and their related entities and vendors to identify clients and obtain their
Continue Reading IRS Turns to New ‘John Doe’ Summonses in Continuing Quest to Combat Offshore Tax EvasionEmployee Retention Credit Claim Resolution Has No End in Sight
Matthew D. Lee, Brian C. Bernhardt, and Jonathan M. Wasser co-authored the Bloomberg Tax article, “Employee Retention Credit Claim Resolution Has No End in Sight” on January 29, 2025. View
Continue Reading Employee Retention Credit Claim Resolution Has No End in Sight