On May 2, 2024, the IRS released its 2024 update to its strategic operating plan highlighting the impact of the Inflation Reduction Act (“IRA”). In

In an important decision for assessable international penalties, last week the D.C. Circuit reversed a Tax Court decision holding that the IRS could not assess

On February 29, 2024, the Internal Revenue Service (“IRS”) announced a new effort targeting high-income non-filers who have failed to file federal income tax returns.

The IRS announced on February 21 that it will start an audit campaign investigating potential personal use of business aircraft. The campaign will begin with

As of January 1, 2024, the Financial Crimes Enforcement Network (“FinCEN”) is now accepting Beneficial Ownership Information Reports. Under the Corporate Transparency Act, certain domestic

On October 19, 2023, the IRS alerted taxpayers of the Employee Retention Credit (“ERC”) withdrawal process. The IRS created the program to assist taxpayers who