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Holland & Knight LLP

Treasury Department Releases Section 45Q Carbon Capture Sequestration Interim Guidance

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The U.S. Department of the Treasury and IRS on December 19, 2025, released Notice 2026-1 with respect to the Internal Revenue Code (Code) Section 45Q credit for carbon oxide sequestration in response to the U.S. Environmental...more

Barnea Jaffa Lande & Co.

Landmark Ruling in Israel – Purchase Tax Rebates to Winners of Mehir LeMishtaken Tenders

Judge Orit Weinstein, presiding over the Appeals Committee for Real Estate Taxation in Haifa, recently accepted the appeals filed by Ashdar Ltd. against the Real Estate Taxation Administration’s decision to reject...more

Lasher

2026 Estate Planning Changes

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The start of the new year is an ideal time to review your current estate plan or to create an estate plan for the first time. January brings updated exemption amounts, inflation adjustments, and, in some years, new...more

McNees Wallace & Nurick LLC

Downs Racing, L.P. v. Luzerne County: No hotel tax on complimentary rooms

In an unreported opinion on February 3, 2026, the Commonwealth Court of Pennsylvania held that complimentary hotel rooms provided by a casino are not subject to Luzerne County’s hotel room rental tax because the operator...more

FBT Gibbons LLP

The Delaware Franchise Tax Trap for Section 1045 QSBS Rollovers

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One of the key requirements of Section 1202 is that the business issuing qualified small business stock (QSBS) must be a domestic (US) C corporation....more

Vedder

Treasury Department and IRS Issue Final Regulations Exempting Non-RIC Funds from Stock Repurchase Excise Tax

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As discussed in an article published by attorneys in Vedder’s Tax group, the Inflation Reduction Act of 2022 imposed a 1 percent excise tax on certain repurchases of publicly traded corporate stock made after December 31,...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Why the USPS “Postmark” Rule Change Matters for Your Mail Deadlines

If you’re the kind of person who waits until April 15 to drop off your federal tax return in a blue mailbox, or who trusts a mailed check will always be dated the day you dropped it in the slot, the U.S. Postal Service just...more

Conyers

Regulatory & Risk Advisory Outlook 2026: Cayman Islands

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January 2026 opens with continued momentum across the Cayman Islands’ regulatory landscape. Following a year of material developments—including the commencement of virtual asset licensing,...more

Baker Botts L.L.P.

Treasury and IRS Provide Guidance Regarding Energy Tax Credit Limits on Provision of Material Assistance by Foreign Entities of...

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On February 12, 2026, the Department of the Treasury and the Internal Revenue Service issued Notice 2026-15, providing 95 pages of guidance regarding the definition of “material assistance from a prohibited foreign entity.”...more

Womble Bond Dickinson

IRS Issues New Guidance on Foreign Entity Restrictions Affecting Clean Energy Tax Credits

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The Internal Revenue Service and the Department of the Treasury have issued Notice 2026-15, which provides the first detailed guidance on how recently enacted foreign entity restrictions apply to several cornerstone clean...more

Bricker Graydon Wyatt LLP

We Allowed a 64-Year-Old to Make An Additional Catch Up Contribution. Now What? 

Benefit professionals continue to navigate a regulatory environment made more complicated by SECURE 2.0, and one area ripe for confusion is the rules governing age‑based contribution limits and excess deferrals....more

Ballard Spahr LLP

Oregon Would Tax Oregonians (and Only Oregonians) on All Gain From the Sale of QSBS Under Proposed Bill

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Like its neighbors to the north (Washington), and south (California), Oregon has developed a reputation for being unfriendly to businesses. This reputation has its roots in several areas, but unfavorable tax policy is chief...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

What a 401(k) TPA Does and the Misconceptions That Never Seem to Die

I ’ve been in the 401(k) business long enough to remember when thirdparty administrators were mysterious creatures that lived somewhere between the recordkeeper and the plan sponsor, occasionally emerging to ask for census...more

Ankura

Are Your Financial Reporting Valuations Compromising Your Tax Positions?

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When it comes to completing a company’s often extensive financial reporting requirements, it is easy to lose sight of the impact those valuations may have on the company’s tax positions. However, ensuring that the financial...more

Foster Swift Collins & Smith

SECURE 2.0 Final Catch-Up Changes for Retirement Plans: What You Need to Know

On September 16, 2025, the Internal Revenue Service released final rules implementing SECURE 2.0 changes to catch-up contributions under certain retirement plans, including 401(k) and 403(b) plans. Employers should be aware...more

Foley Hoag LLP - Cannabis and the Law

Virginia Legislature Advances Competing Bills to Launch Adult-Use Marijuana Sales

The Commonwealth of Virginia has inched closer to (finally) launching an adult-use marijuana marketplace nearly 5 years after it legalized adult-use possession and home grow activities. On February 16, 2026, the Virginia...more

Haynes Boone

What to Consider for Import/Export Operations

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With the recent amendments to customs legislation in Mexico, the authorities require taxpayers to demonstrate the substance and traceability of import/export operations, which means that an electronic file must be kept for...more

Lowenstein Sandler LLP

The One Big Beautiful Bill: It’s Big, But How Beautiful Is It?

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In this episode of Splitting Heirs, partners Beth Shapiro Kaufman, National Chair of Private Client Services and Trusts and Estates Chair, and Kristin V. Taylor join host Warren K. Racusin to discuss the One Big Beautiful...more

Conyers

Bermuda Public Companies Update – Winter 2026

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This edition of the Bermuda Public Companies Update summarises significant transactions involving Bermuda companies listed on the New York Stock Exchange (NYSE) and Nasdaq in the second half of 2025....more

Epstein Becker & Green

IRS Issues Guidance Regarding Group Exemption Letters

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On January 16, the IRS released two documents – Notice 2026-8 and Rev. Proc. 2026-8 – which provide updated guidance for organizations regarding group tax exemptions....more

Bricker Graydon Wyatt LLP

Ohio’s Local Tax Incentive Reporting Due March 31 - Compliance Basics for Communities

For villages, cities, counties, and townships with real property tax incentive programs there are both short-term and long-term reporting processes that must be followed to ensure compliance with state law. While reporting...more

Foster Swift Collins & Smith

Understanding 1099 Reporting Obligations: Key FAQs for Corporations and Brokers

Certain payments constituting income require the payor to prepare, furnish, and file certain information statements and returns, both to the payee and to IRS, even when the payor is not the taxpayer whose income is being...more

Allen Barron, Inc.

How to Deal with the IRS on Back Taxes

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Are you concerned about how to deal with the IRS on back taxes? Have you received a communication from the IRS, such as a CP14 “Notice of Tax Due and Demand for Payment”? Take a breath, you have more options and time than...more

Farrell Fritz, P.C.

IRS Releases Frequently Asked Questions (“FAQ”) on Transition to Electronic Payments Under Executive Order 14247

Farrell Fritz, P.C. on

The IRS has published new FAQs explaining how Executive Order 14247, Modernizing Payments To and From America’s Bank Account (the “Order”), will reshape how taxpayers receive refunds and make payments.  The Treasury and IRS...more

Robinson+Cole Data Privacy + Security Insider

Privacy Tip #479 – Federal Judge Says ICE Prohibited from Using IRS Data for Enforcement

On February 5, 2026, a Massachusetts federal judge issued an order staying information-sharing between the IRS and ICE, as well as a preliminary injunction prohibiting Kristi Noem, Secretary of the Department of Homeland...more

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