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Top News In Sutherland Observations Today - Breaking & Trending Today

Proposed bill aims to postpone TCJA limits on business incentives | Eversheds Sutherland (US) LLP

Businesses have entered 2024 facing the challenge of forecasting future tax obligations and preparing tax filings in a time of uncertainty, not the least of which is created by. ....

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Grace Period: IRS provides penalty relief for certain taxpayers filing late returns for taxable years 2019 and 2020 | Eversheds Sutherland (US) LLP

The Internal Revenue Service (the IRS) has provided penalty relief in Notice 2022-36 for certain taxpayers from failure to file penalties and certain international information return. ....

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Tough Medicine, Part 2: Litigation lessons from Medtronic | Eversheds Sutherland (US) LLP

​​​​​​​The Tax Court issued its second opinion in Medtronic following a remand by the US Court of Appeals for the Eighth Circuit (Medtronic, Inc. v. Comm’r, 900 F.3d 610 (8th Cir.. ....

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US Treasury issues notice to Hungary to formally withdraw from longstanding US-Hungary Income Tax Treaty | Eversheds Sutherland (US) LLP

The US Treasury is moving to formally withdraw from the US-Hungary income tax treaty, which has been in effect since 1979 (the Treaty). For previous reporting by Eversheds Sutherland. ....

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A welcome clean energy surprise: Inflation Reduction Act includes energy tax extensions and expansions | Eversheds Sutherland (US) LLP

In a surprising turn of events, late on July 27, 2022, Senators Manchin (D-WV) and Schumer (D-NY) released the Inflation Reduction Act of 2022. The Act, which runs 725 pages, includes. ....

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