The Internal Revenue Service announced today that it will waive the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of
Continue Reading Internal Revenue Service Announces It Will Waive 2018 Estimated Tax Penalties for Many Taxpayers
The States of New York, Connecticut, Maryland, and New Jersey filed a federal court lawsuit this week challenging the constitutionality of the new $10,000 cap on the federal tax deduction
Continue Reading Four States File Lawsuit Seeking to Invalidate New Federal Cap on State and Local Tax Deduction
Today the Internal Revenue Service notified taxpayers that it will soon be issuing regulations addressing the deductibility of state and local tax payments for federal income tax purposes. The IRS
Continue Reading IRS Cautions Taxpayers Regarding Efforts to Bypass New State and Local Tax Deduction Caps
Our colleagues Stanley Barsky, Michael S. Bookbinder, and Eric J. Michaels have published an article for Law360 addressing provisions of the Tax Cuts and Jobs Act that significantly
Continue Reading Tax Reform’s Likely Impact On Domestic M&A
Our colleague Tiana R. Seymore has authored a client alert addressing several provisions in the Tax Cuts and Jobs Act which directly impact the workplace, including one that gives some
Continue Reading New Tax Bill Means Changes for Employers: What You Need To Know
Our colleague Debra T. Hirsch has authored a client alert addressing estate and gift tax planning issues impacted by the Tax Cuts and Jobs Act, which took effect yesterday. You
Continue Reading Changes to Estate and Gift Taxes in the New Tax Law