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Read need-to-know updates, commentary, and analysis on Tax issues written by leading professionals.
Herbert Smith Freehills Kramer

Australia’s non-resident CGT changes: a long awaited, but unwelcome, update for foreign investors

The 2024-25 Federal Budget contained a somewhat vague (but relatively modest) announcement of a ‘clarification and broadening’ of the classes of assets in respect of which non-residents would be subject to Australian capital...more

McDermott Will & Schulte

Steuerfreie Prämie 2.0 – was Arbeitgeber zur „Entlastungsprämie“ wissen müssen

Zur Milderung der hohen Energiekosten und zuletzt rasanten Preissteigerung hat der Koalitionsausschuss am 13. April 2026 ein Entlastungspaket beschlossen, dass den Bürgerinnen und Bürgern schnelle Abhilfe gegen höhere...more

Eversheds Sutherland (US) LLP

IRS releases new guidance on opportunity zone nominations

On April 6, 2026, the IRS released Rev. Proc. 2026-14 (Revenue Procedure), providing guidance regarding the nomination of census tracts to be designated as qualified opportunity zones (QOZs) pursuant to the new “OZ 2.0”...more

McDermott Will & Schulte

IRS roundup April 1 – April 9, 2026

The White House proposed significant budget cuts to the Treasury Inspector General for Tax Administration (TIGTA), reducing its funding by nearly 17% for fiscal year 2027 to the lowest level since 2007....more

McDermott Will & Schulte

Incoming from Delaware: Unclaimed Property VDA Program invitation notices have been sent out

The Delaware Office of the Secretary of State (SOS) confirmed that on April 10, 2026, invitation notices were sent to businesses (holders) identified as potentially out of compliance with Delaware’s unclaimed property law....more

Buchalter

Management Services Organizations (MSOs): How Employers Can Safely Manage the Risk of a Hidden Workforce

Buchalter on

Management Services Organizations (MSOs) are increasingly used by professional and service‑type businesses to separate the administrative operations of a business from its core professional services. The model is attractive...more

Lasher

What Happens to Your Retirement Accounts in a Washington Divorce?

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In Washington, retirement accounts are considered assets subject to division at divorce. The purpose of a retirement asset is to provide someone with income after his or her active working years, and to have accumulated such...more

Saiber LLC

It's Not Just Stuff: How to Plan for Personal Property in Your Estate

Saiber LLC on

Family heirlooms, jewelry, artwork, and treasured household items often carry far more emotional value than financial worth. Because of this, when these items are not included in your estate plan, they easily become sources...more

Pillsbury Winthrop Shaw Pittman LLP

Un-Banked Tax 101: The IRS Proposes Regulations Implementing the 1% Remittance Excise Tax

President Trump has famously said that “‘tariffs’ is the most beautiful word to me in the dictionary.” As financial service firms know, the Administration’s tariff policy has not been limited to non-U.S. goods and services....more

WilmerHale

Don’t Let Australia’s R&D Tax Incentive Trigger Unintended US International Tax Cost Sharing Issues

WilmerHale on

For US technology (including AI), pharma and medical device, biotechnology and life science companies, establishing an Australian subsidiary to access the Australian R&D Tax Incentive (RDTI)—including a refundable tax offset...more

Ankura

Trusted Administration of a Landmark Wireless Tax Settlement

Ankura on

A major telecommunications provider was subject to a landmark consumer class action that resulted in nearly $1 billion being recovered from more than 1,500 taxing jurisdictions nationwide. Filed on behalf of a class of nearly...more

ArentFox Schiff

QTIP Trust Liabilities and Estate Tax: Lessons (and More Questions) From the Kalikow Decision

ArentFox Schiff on

On March 4, 2025, the US Court of Appeals for the Second Circuit in Estate of Kalikow v. Comm’r., 135 AFTR 2d 2025-831 (2d Cir. 2025), upheld the US Tax Court’s prior ruling in Estate of Kalikow v. Comm’r., T.C. Memo....more

Bracewell LLP

ISO 27914:2026: A New Potential Long‑Term Solution for Section 45Q Permanent Secure Geological Storage

Bracewell LLP on

The Environmental Protection Agency’s (EPA) proposed rollback of the Greenhouse Gas Reporting Program (GHGRP) including 40 CFR part 98 subpart RR (Subpart RR) created uncertainty with respect to the requirements to qualify...more

Foley & Lardner LLP

The System for Securing Tax Debts Contested by Taxpayers Made More Flexible

Foley & Lardner LLP on

On April 9, 2026, a crucial amendment to Mexico’s Federal Tax Code (CFF) was published, restoring taxpayers’ ability to choose the type of tax guarantee that best suits their needs when securing tax liabilities and thereby...more

Haynes Boone

Key California M&A Considerations for Life Sciences Businesses: Part 2

Haynes Boone on

This is the second article in our two-part series addressing a few key issues and considerations that life sciences business owners should consider when dealing with a merger or acquisition in California. Part one covered...more

Kohrman Jackson & Krantz LLP

New Opportunity Zone 2.0 Designation Rules: What States, Communities & Developers Need to Know

This week, Treasury released IRS Revenue Procedure 2026-14 directing States on the process to designate Opportunity Zones in the OZ 2.0 process. The window for designation opens on July 1, 2026, and runs through September 30,...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

IRS Issues Final Regulations for ‘No Tax on Tips’ Occupations

On April 10, 2026, the Internal Revenue Service (IRS) and U.S. Department of the Treasury unveiled a new final rule implementing the “No Tax on Tips” provision of the 2025 One Big Beautiful Bill Act (OBBBA), allowing eligible...more

Ballard Spahr LLP

Washington State 2026 Session: Legislature Repeals and Rolls Back Certain Recently Enacted Taxes

Ballard Spahr LLP on

Following adjournment of the 2026 Washington State legislative session on March 12, 2026, Governor Bob Ferguson signed into law several bills that repealed or rolled back a variety of taxes enacted only one year earlier. This...more

Pullman & Comley - For What It May Be Worth

Don't Miss It: Connecticut's Income & Expense Filing Deadline Is June 1, 2026

If you are a commercial property owner with one or multiple income-producing properties in Connecticut, the deadline to file your 2025 annual income and expense report with your local assessor's office is just over a month...more

Fox Rothschild LLP

The Taxpayer Assistance and Service Act: Title II: American Citizens Abroad

Fox Rothschild LLP on

This article is the second in a series analyzing the proposed Taxpayer Assistance and Service Act (the “TAS Act”), bipartisan legislation introduced by Senators Crapo and Wyden to improve service and administration at the...more

Hone Maxwell

What is a Family Office? Global Definitions in the U.S., Singapore, Hong Kong, and Mexico

Hone Maxwell on

A family office is a private entity that manages wealth, investments, and planning for ultra-high-net-worth families, but the definition and structure vary widely across jurisdictions. In the United States, Singapore, Hong...more

Orrick, Herrington & Sutcliffe LLP

California DFPI faces putative class action challenging debt collection licensing fees

On April 7, two debt collection trade associations and a debt collector filed a putative class action petition against California’s DFPI in the California Superior Court for the County of San Francisco on behalf of a proposed...more

Dentons

2026 Iowa Legislative Session – Week 13

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After relatively short weeks of floor action and light debate calendars in both chambers, there is progress towards pushing the legislature toward adjournment. Last week’s Senate debate calendar contained several high-profile...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Outwit, Outplay, Outlast: What Survivor at 50 Teaches 401(k) Plan Sponsors

I have been watching Survivor since the very beginning. Fifty seasons later the show still works because the rules keep changing but the objective never does. Outwit, outplay, and outlast. Running a retirement plan is not all...more

Maynard Nexsen

2026 Alabama Legislative Update: Regular Session - Week Twelve

Maynard Nexsen on

Solar Moritorium - Legislation imposing a one‑year moratorium on the construction of new solar farms failed to advance this week due to a late‑session procedural hurdle in the Senate. The bill, sponsored by Senator Greg...more

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