Tax Law Updates – May 23, 2012

by Akerman Senterfitt on 5/23/2012

The recent U.S. Supreme Court decision in United States v. Home Concrete & Supply, LLC, Sup. Ct. No. 11-139 (Apr. 25, 2012) is a victory for taxpayers on the statute of limitations for federal tax assessments. The Supreme...more

by Niles, Barton & Wilmer, LLP on 5/23/2012

Estate planning should be focused on anticipating possible outcomes and structuring your affairs for the tax-efficient disposition of your assets to your loved ones. However, all too frequently we estate-planning...more

by Baker & McKenzie Australia on 5/22/2012

Australia's transfer pricing rules are undergoing material amendment. According to the Australian Government, the changes are merely supposed to clarify how the rules work, and bring them more in line with the OECD. In...more

by Darrin Mish, Tampa Tax Attorney on 5/22/2012

In a startling report, Indianapolis television station WTHR-TV exposes the scam where millions of illegal aliens obtain tax refunds from the IRS. In brief, these illegals claim child support for allegedly supporting family...more

by McDermott Will & Emery on 5/21/2012

On 10 May 2012, the Court of Justice of the European Union (CJEU) issued its judgment in Santander (joined cases C-338/11 to C-347/11), stating that the French legislation that imposes a withholding tax on French-sourced...more

by Lewis and Roca LLP on 5/21/2012

Yesterday, the U.S. Commerce Department proposed tariffs of at least 31% on solar panels imported from China. The preliminary ruling found that Chinese manufacturers have been illegally "dumping" solar panels on the U.S....more

by Sanford Millar on 5/21/2012

For most U.S. taxpayers who have undeclared foreign financial accounts entering the Offshore Voluntary Disclosure Initiative of 2012 (OVDI) is appropriate. Many people have contacted me and have decided not to enter the OVDI...more

by Charles (Chuck) Rubin on 5/21/2012

Taxpayers are requiring to have a taxpayer identification number to file returns and provide to payors, so that their tax data can be adequately tracked and reported. While most U.S. individuals will use their social security...more