On April 3, 2023, the U.S. Tax Court ruled in Farhy v. Commissioner[1] that the IRS lacks statutory authority to assess Form 5471 penalties under I.R.C. § 6038(b)(1) or
Continue Reading IRS Lacks Statutory Authority to Assess International Information Return Penalties: U.S. Tax Court
In the second episode of GT’s state and local tax podcast – GeTtin’ SALTy – host Nikki Dobay talks to Jared Walczak, Vice President of State Projects at the Tax
Continue Reading GeTtin’ SALTy Episode 2 | A Conversation with Jared Walczak, VP of State Projects at the Tax Foundation
In the inaugural episode of GT’s state and local tax podcast – GeTtin’ SALTy – host Nikki Dobay is joined by Morgan Scarborough, VP of Tax Policy at MultiState Associates
Continue Reading GeTtin’ SALTy Episode 1 | Q1 SALT Legislative Update: A Conversation with Morgan Scarborough of MultiState Associates
On March 1, 2023, the House Revenue Committee will hold an informational hearing on three taxpayer-friendly bills:
![shutterstock_1209468139[1]](https://www.gtlaw-legacyadvisors.com/files/2022/02/shutterstock_12094681391.jpg)
California’s youngest tax agency, the Office of Tax Appeals (OTA), may be in for some significant changes based on proposed amendments (Proposed Amendments) to Title 18, Chapter 4.1 of the
Continue Reading California Office of Tax Appeals – Significant Changes May Be on the Horizon
Nikki E. Dobay, a shareholder in GT’s State & Local Tax (SALT) Practice, is quoted in a Tax Notes article titled “Business Groups Urge Oregon Lawmakers to End
Continue Reading Nikki Dobay Quoted in Tax Notes Article, ‘Business Groups Urge Oregon Lawmakers to End Throwback Rule’
Please join Greenberg Traurig and Clayton Utz March 7 at 4:30 p.m. EST for a special webcast conversation with Rebecca Saint, Deputy Commissioner, Public Groups & International, Australian Tax
Continue Reading March 7 Webinar | A Conversation with the IRS and ATO
IRS Notice 2023-11 provides temporary relief for foreign financial institutions to provide U.S. taxpayer identification numbers for preexisting accounts.
Continue Reading IRS Temporary Relief for Foreign Financial Institutions Required to Report U.S. Taxpayer Identification Numbers Under FATCA: Potential Implications for ‘Accidental Americans’
The U.S. Department of the Treasury announced initial wage and apprenticeship guidance under the Inflation Reduction Act of 2022 (IRA) that applies to taxpayers in order to increase available credit
Continue Reading Treasury Announces Initial Guidance on the Inflation Reduction Act’s Labor Requirements for Renewable Energy Tax Credits and Incentives
In Green Valley Investors, LLC, Et Al., Bobby A. Branch, Tax Matters Partner, v. Commissioner, the Tax Court on Nov. 9 abated Internal Revenue Code (I.R.C.) § 6662A penalties
Continue Reading U.S. Tax Court Invalidates Conservation Easement Notice, Abates Reportable Transaction Penalty for Failure to Comply with Administrative Procedure Act