Norfolk, Va. — The law firm of Crenshaw, Ware & Martin, P.L.C. is proud to announce that Darius K. Davenport has become a partner in the firm. Mr. Davenport joined the firm in 2012 and leads its Cybersecurity and Data Privacy Practice Group. He also handles complex litigation with an emphasis on Public Sector Law […]
On the last day of 2018, the IRS issued Notice 2019-09 clarifying how the new 21 percent tax on “excess” compensation impacts nonprofits. The tax is effective for compensation paid in tax years beginning after December 31, 2017.[1] For most nonprofits, the biggest impact will be the need to keep track of whether they […]
On November 29, 2018, the IRS released updated Voluntary Disclosure Practice (VCP) procedures applicable to both offshore and domestic voluntary disclosures. The new VCP supersedes in part the IRS’s longstanding voluntary disclosure practice and fills the gap left in the absence of the Offshore Voluntary Disclosure Program (OVDP), which ended on September 28, 2018 (see […]
Recent tax law changes amplify the benefits of two different charitable giving ideas: (1) “bunching” charitable giving to maximize deductions and (2) making a charitable IRA rollover. First, donor-advised funds offer the opportunity to “bunch” charitable deductions into a single year to better take advantage of the higher standard deduction available under the 2017 Tax […]
Recent tax law changes amplify the benefits of two different charitable giving ideas: (1) “bunching” charitable giving to maximize deductions and (2) making a charitable IRA rollover. First, donor-advised funds offer the opportunity to “bunch” charitable deductions into a single year to better take advantage of the higher standard deduction available under the 2017 Tax […]
Summer 2018 proved to be an active time in the implementation cycle of the new partnership audit regime, created under the Bipartisan Budget Act of 2015 (“BBA”). As this is the first tax year in which the new regime will apply to partnership audits, the Internal Revenue Service (“IRS”) issued a plethora of proposed […]
Dear Friends of the Firm, As a courtesy and for ease of reference, Caplin & Drysdale is sending this communication with links to recent articles and news, as well as upcoming events. Alerts & Published Articles When Opportunity Knocks: Qualified Opportunity Zone Proposed Regulations Released Caplin & Drysdale Client Alert October 22, 2018 EXPERT ANALYSIS: […]
October 23, 2018 On Friday, October 19, 2018, the IRS released proposed Treasury Regulations under sections 1400Z-1 and 1400Z-2 and Revenue Ruling 2018-29 to clarify several ambiguities relating to investments in qualified opportunity zones (“QOZs”): designated areas in low income communities. Interested investors in and organizers of qualified opportunity funds (“QOFs”) have anxiously awaited this […]
Please take five minutes to read our October 22, 2018, newsletter, to learn about: Antitrust Laws Designed to Foster Competition Support Safety Claims With Scientific Proof We hope you’ll enjoy all our articles. Cordially, William H. Shawn Co-Managing Partner Full Article Save Article Email Firm General Litigation Antitrust Laws Designed to Foster Competition Antitrust […]
WASHINGTON, D.C. – October 11, 2018: Caplin & Drysdale announced today that Clark Armitage — a Member working primarily in the transfer pricing space — was named President of the Firm. “Throughout his years with the firm, Clark has been both a team player and a thoughtful leader,” remarked his predecessor, Beth Kaufman. “He is […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Michael P. Kuhn of FisherBroyles, LLP. Michael has joined IR as our exclusive Corporate Law Member in Virginia. Mr. Kuhn’s experience includes counseling corporations, partnerships and limited liability companies on legal matters arising under both U.S. and International law. Having practiced in […]
Join Our Alert Distribution List Caplin & Drysdale’s Newest Member Victor Jaramillo Serves Tax Controversy Needs of Global Community October 3, 2018 Clients value and rely on Mr. Jaramillo’s in-depth knowledge of U.S. tax law and his innovative approach to solving complex tax issues. His areas of focus for corporate clients include all forms […]