The United States has tax treaties with nearly 70 countries to prevent double taxation and curb tax evasion. These treaties, based on Article II, Section 2 of the U.S. Constitution, are reciprocal and...
Real estate activities are highly regulated, and each state has laws governing specific prohibited practices as well as liabilities and penalties for violations. Explore this state law survey covering...
Contractual disputes regarding allegations of fraud are often complex, time-consuming, and expensive to litigate. Parties may amicably negotiate an acquisition agreement without even considering whether...
This practice note covers FDA prior notice requirements for imported food, including scope and exceptions, notification contents and timing, methods of submitting notice, and consequences for failing to...
Do you need guidance on drafting international employment contracts? Read our International Employment Agreements: Key Drafting Tips practice note, by John L. Sander, Michael Watts, and William Ellis,...
As we pass the mid-year point and companies share their 2021 interim results, it’s vital to reevaluate the major tax accounting and auditing issues that individuals and entities may face in 2021. How these accounting and auditing issues tie into the developing guidance by the IRS and Treasury on the obligation of cryptocurrency brokers and exchanges to report data on an investor’s gains and losses is a key component of this discussion. Given the importance of effectively taxing cryptocurrency transactions and the difficulties inherent in taxing these types of transactions, taking into account the reluctance of the parties to report these transactions, the taxation of virtual currencies will remain on the IRS’s plate for the duration of 2021 and years to come.
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