Renewing the public's confidence that taxes are collected without political motive remained the main theme on the second day of John Koskinen's confirmation hearing to run the Internal Revenue Service.
My advice to an aspiring female attorney is never to think of herself as a female attorney, says Danielle Lesser, co-chairwoman of Morrison Cohen LLP's business litigation department.
A universal tax incentive for buying health insurance and tax-free health savings accounts are among a list of ideas that 33 House Republicans want to bring to President Barack Obama as alternatives to Affordable Care Act provisions, the congressmen announced Tuesday.
When I learned that one of my male counterparts had received a larger compensation bump than I did only because he “had a wife and kids to support,” I didn't sit in frustration — I decided to get myself a place at the table. I became a practice group head and was in every meeting where compensation was discussed, says Angela Agrusa, a partner with Liner Grode Stein Yankelevitz Sunshine Regenstreif & Taylor LLP.
The U.S. Supreme Court on Monday passed on an appeal brought by heirs of Constellation Brand Inc. founder Marvin Sands who sought to nix hefty penalties tied to their participation in a series of transactions the government claims were designed to avoid paying taxes on over $125 million in capital gains income.
The Seminole Tribe of Florida told the Eleventh Circuit on Tuesday that a lawsuit it brought over state fuel taxes should be reinstated in federal court, despite the state's argument that a lower court's decision to dismiss the case was well-supported.
A New Jersey firm on Monday asked a federal judge to grant it summary judgment in its case against a former client who brought a whistleblower suit against Novartis AG alleging tax improprieties, saying the client refused to pay for services after failing to secure an award.
Office Depot Inc. — which recently merged with OfficeMax Inc. — will place its new corporate headquarters in Florida, it said Tuesday, ending months of speculation and handing a blow to Illinois, which had toyed with tax break proposals to attract the retail giant.
The expiration of three tax relief laws and the imposition of the Affordable Care Act's tax hike means the upper and lower quintiles of U.S. earners saw a 4.2 percent and 1.6 percent bump in respective 2013 tax liability, according to a Congressional Budget Office study released Wednesday.
Ireland, France and Italy gave illegal state aid to alumina producers when they allowed mineral oils to be exempted from excise duty, the European Court of Justice ruled on Tuesday.
The Internal Revenue Service asked a Florida federal judge Monday to scrap an orthodontist's suit against the federal government, arguing expenses he allegedly incurred because of the delay of the Affordable Care Act's so-called employer mandate were self-imposed.
Swiss banks Valiant Holding AG, Berner Kantonalbank AG and Vontobel Holding AG agreed Monday to participate in a voluntary disclosure program with Swiss officials and the U.S. Department of Justice that targets lenders suspected of sheltering American tax evaders.
Steptoe & Johnson LLP has boosted its tax department by luring former U.S. Department of Justice senior tax litigation counsel Robert J. Kovacev to join its Washington, D.C., office as a partner, the firm said Tuesday.
The Second Circuit on Tuesday upheld the dismissal of a lawsuit challenging the $13 million annual state tax levy imposed on Vermont's largest nuclear plant operator, saying the Tax Injunction Act does not allow the federal courts to meddle in state tax matters.
The Internal Revenue Service will be on the warpath in search of revenue in 2014. Even without fresh tax legislation we can feel things tightening up — it’s happened with many state comptrollers. We think it will happen similarly with the IRS, either through regulatory or legislative means, says Brian Dethrow, a partner with Jackson Walker LLP specializing in tax and business planning.
A New York commission on tax reform report released Tuesday calls on lawmakers to reduce the tax burden on homeowners and businesses and increase state economic competitiveness by freezing property taxes for two years and lowering the corporate tax rate to its lowest level since 1968.
Restoring the public's trust in the Internal Revenue Service will be John Koskinen's chief goal if chosen to lead the agency, he told lawmakers at his confirmation hearing Tuesday, which ended prematurely due to a technicality.
If Congress pays to extend all temporary tax provisions that are set to expire in 2013 and 2014, it will slash the nation’s projected debt ratio increase by one-third, according to a report released Monday by the Center on Budget and Policy Priorities.
Many years ago, during a drafting session and in front of 20 people, a senior partner called me “dearie” and asked me to get him coffee with cream and sugar. The next day, when he got up to get some water, I asked him if he would, please, get me a Diet Coke, says Kerry Berchem, co-head of Akin Gump Strauss Hauer & Feld LLP's corporate practice and a member of the firm's management committee.
Female partners need to advise the younger attorneys on what it really means to be a partner — the rewards, the burdens, and how to juggle it all, says Cynthia Bast, leader of Locke Lord LLP's affordable housing section and co-chairwoman of the firm's board of directors.