Caplin & Drysdale, Chartered Document Search Results (21)
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|NYC Proposed Tax Code Changes Would Affect Businesses Large and Small|
Mark D. Allison, Rachel Leigh Partain, Clinton G. Wallace; Caplin & Drysdale, Chartered;
January 23, 2015, previously published on January 13, 2014A proposal by the Mayor of New York City to change the City's corporate tax structure would, for the first time, tax certain businesses that have no physical presence in New York City but that do business in the City or with City residents. If adopted, the changes would take effect retroactively as...
|Increased Campaign Contribution Limits in 2015 Omnibus Appropriations Act|
Rachel E. Goldstein, Kirk L. Jowers, Trevor Potter, Matthew T. Sanderson; Caplin & Drysdale, Chartered;
January 10, 2015, previously published on December 17, 2014President Obama signed an omnibus appropriations bill into law on December 16, 2014 that, among other things, substantially increases the limits on the amounts that individuals and PACs may contribute to national political party committees.
|Switzerland Narrows Advance Notice to Account Holders of Treaty Requests: Americans with Unreported Accounts Impacted|
Mark D. Allison, Mark E. Matthews, Scott D. Michel; Caplin & Drysdale, Chartered;
December 23, 2014, previously published on December 16, 2014Switzerland will now more liberally permit disclosure of bank account information to the U.S. government without advance notice to the account owner. Under prior law, if U.S. authorities requested that a Swiss bank identify an American with an account, the account holder almost always received...
|Political Activities and the Law: Mitigating Risks for Corporations and Nonprofits|
Kirk L. Jowers, Trevor Potter, Matthew T. Sanderson; Caplin & Drysdale, Chartered;
October 15, 2014, previously published on October 15, 2014Over the past few years, the political law landscape has changed dramatically for those engaging in political activities, including for-profit corporations, nonprofit entities, and their principals. Mismanagement of these activities can cause considerable harm to individuals and organizations in...
|OECD Releases Finalized Proposals on Key Tax Base Erosion Concerns|
J. Clark Armitage, Peter A. Barnes, Elan P. Keller, Neal M. Kochman, Patricia Gimbel Lewis; Caplin & Drysdale, Chartered;
September 23, 2014, previously published on September 23, 2014On September 16, 2014, the Organization for Economic Cooperation and Development (OECD) released its 2014 deliverables on the Base Erosion and Profit-Shifting (BEPS) project. The BEPS project, an ambitious and wide-ranging effort by the OECD’s Centre for Tax Policy and Administration (CPTA),...
|IRS Releases Draft Instructions for Reporting Health Coverage Information|
Joanne C. Youn; Caplin & Drysdale, Chartered;
September 12, 2014, previously published on September 12, 2014At the end of August 2014, the IRS issued draft instructions and sets of frequently asked questions for completing the forms associated with two information reporting requirements under the Patient Protection and Affordable Care Act of 2010, as amended (“PPACA”). The first requirement...
|Third Circuit Rules Failure to Appeal Leaves Union and Its Retirees Without a Remedy|
Kevin C. Maclay, Todd E. Phillips, James P. Wehner; Caplin & Drysdale, Chartered;
September 10, 2014On August 28, 2014, the Court of Appeals for the Third Circuit delivered a stern admonition about the risk of failing to appeal when it ruled that a union that had not filed a notice of appeal could not benefit from a successful appeal by another union in the same matter. The decision directly...
|Letter to DOJ Confirms IRS Intent to Resume Church Tax Inquiries
Michael W. Durham, Diara M. Holmes, William M. Klimon, Marcus S. Owens, Douglas N. Varley; Caplin & Drysdale, Chartered;
August 11, 2014, previously published on August 7, 2014In a June 27, 2014 letter to the Department of Justice, the Acting Director of IRS Exempt Organizations Examinations revealed three potentially significant developments with respect to IRS enforcement activity against churches.
|IRS Issues Final Regulations on Material Advisor Penalties|
Mark D. Allison, Rachel Leigh Partain, Christopher S. Rizek, Zhanna A. Ziering; Caplin & Drysdale, Chartered;
August 4, 2014, previously published on August 4, 2014On July 30, 2014, the Internal Revenue Service issued final regulations regarding the imposition of penalties under Internal Revenue Code section 6707 against material advisors who fail to file true, complete or timely disclosure returns with respect to reportable or listed transactions. The...
|IRS Modifies Offshore Voluntary Disclosure Program and Streamlined Filing Compliance Procedures|
Scott D. Michel, Zhanna A. Ziering; Caplin & Drysdale, Chartered;
July 9, 2014, previously published on June 23, 2014On June 18, 2014, the IRS unveiled significant changes to both Offshore Voluntary Disclosure Program (OVDP) and Streamlined Filing Compliance Procedures (SFCP). The changes both relax the penalty structure for non-willful behavior but increase it soon for account holders at certain banks. The...