Tax Law

Read Conflict of Laws updates, alerts, news, and analysis from leading lawyers and law firms:

News & Analysis as of May 21, 2013

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PA Supreme Court Invalidates Local “Flat Tax” on Businesses

by Sharon R. Paxton | McNees Wallace & Nurick LLC on 2/19/2013

In Shelly Funeral Home, Inc. v. Warrington Township, 30 MAP 2010 (December 18, 2012), the Pennsylvania Supreme Court reversed a 2010 decision of the Commonwealth Court and held that a business privilege “flat tax” ordinance...more

Valuation of Common Areas for Property Tax Purposes

by Snell & Wilmer L.L.P. on 10/15/2012

Originally published in the September/October 2012 30th Anniversary Issue of The Journal of State Taxation. James M. Susa focuses on the tax valuation of common areas within a planned community, noting that, while most...more

FBAR Deadline Approaches - Risks Increase

by Sanford Millar on 6/18/2012

AS the June 30 deadline for filing a Report of Foreign Bank Account (FBAR) approaches the risks of non-compliance increase. A recent Petition to the U.S. Supreme Court illustrates the problem. The case, M.H. v. U.S arises...more

Investment Management Legal + Regulatory Update: February 2012

by Morrison & Foerster LLP on 2/10/2012

In this issue: Senate Bill Would Raise Taxes on Derivatives Trades; Senate Hearings Question Fund Investments in Commodity-related Investments; SEC Grants No-action Relief for Potential Section 10(f) Violations; FINRA...more

Appeals Court Breathes New Life Into Overstated Basis Issue

by Charles (Chuck) Rubin on 1/29/2011

On several occasions, we have written about cases where courts have held that the six-year extended statute of limitations for a 25% omission of gross income from an income tax return will not apply when the unreported...more