Tax Planning, Disclosure Requirements, Tax Liability

Executive Use of Corporate Aircraft: Navigating Tax, SEC Disclosure and Other Key Considerations

Proskauer - Employee Benefits & Executive... on 5/29/2025

Companies are increasingly allowing their chief executive officers and, in certain circumstances, other executives to use corporate jets (which may be chartered flights or fractionally or fully owned aircraft) for personal...more

SEC Disclosure and Taxation of Executive Security Benefits: Legal Requirements and Key Considerations

Morgan Lewis on 1/24/2025

Many companies are reevaluating their corporate security practices and considering enhancements to the security protections they provide to their executives and other senior leaders. Companies exploring such security...more

Finalized Treasury Regulations Require Disclosure of Certain Micro-captive Transactions

Cadwalader, Wickersham & Taft LLP on 1/22/2025

On January 14, 2025, Treasury and the IRS published final regulations (the “Regulations”) that identify certain micro-captive insurance transactions, as well as transactions substantially similar thereto, as either listed...more

Correction to APA Non-Compliance | IRS Issues Proposed Regulations for Syndicated Conservation Easements

Freeman Law on 12/9/2022

On December 6th, the IRS proposed regulations (and comment period for same) that would require participants and promoters of syndicated conservation easement transactions to make certain disclosures relating conservation...more

Extended Tax Filing Deadline | Commonly Overlooked Tax Disclosures

Freeman Law on 10/14/2022

This year the extended tax filing deadline for U.S. citizens or residents, sole proprietorships, C corporations, and single-owner LLCs is Monday, October 17, 2022. Through the course of the tax year companies often engage in...more

The Art of the Tax Disclosure: How to Avoid Tax Penalties By Disclosing a Return Position

Freeman Law on 8/16/2021

There are at least three questions when it comes to IRS tax disclosures: (1) Should a taxpayer disclose; (2) How should a taxpayer disclose; and (3) How much detail should be disclosed? Should a taxpayer simply append a...more

Common Reporting Standard (CRS) Reporting Avoidance Game Is Over

Foodman CPAs & Advisors on 4/6/2018

The Common Reporting Standard (CRS) is a reality for over one hundred Jurisdictions during 2018. The Organization for Economic Co-operation and Development (OECD) has stated that there are potential and perceived loopholes...more

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