The Fifth Circuit held that allocations to a partner in a limited partnership qualify for a statutory exception from self-employment tax if the partner has limited liability. Overturning ...
On July 4, 2025, the President signed into law a significant tax-reform package, known as the One Big Beautiful Bill Act. This update describes key provisions of the new law.
On June 16, 2025, the Senate Finance Committee released its version of the tax title of the House-passed One Big Beautiful Bill Act. The Senate text keeps the “revenge tax” provision ...
The House of Representatives passed the One Big Beautiful Bill Act, a much-anticipated suite of proposed tax law changes and revenue offsets, on May 22, 2025. This update describes key pr...
On Monday, President Trump issued a flurry of executive orders on a wide variety of topics, many of which implement changes previewed during his presidential campaign. Three of the execu...
The Trump administration is likely to prioritize tax reform, aligning with Trump’s previous stance on the 2017 Tax Cuts and Jobs Act (TCJA), and taxpayers should be attentive to these c...
In Varian, the first case to consider the validity of a Treasury regulation after Loper Bright (in which the U.S. Supreme Court rejected the longstanding Chevron doctrine), the Tax Court ...
In Loper Bright Enterprises v. Raimondo, the Supreme Court overruled Chevron v. NRDC, holding that Chevron deference to an agency’s permissible interpretation of an ambiguous or silent ...
Recent Supreme Court decisions show a strong and continued rebalancing of power in the administrative state that has been years in the making. This update outlines what it means for the f...
On Tuesday, December 27, 2022, the IRS released a notice that describes proposed regulations that the IRS intends to issue addressing the application of the new corporate alternative mini...
