Member Articles

The Inflation Reduction Act of 2022, which President Biden signed into law on August 16, 2022, reinstates Superfund excise taxes on crude oil and imported petroleum products for the first time since 1995. The changes are ...

The IRS has issued guidance to taxpayers regarding claiming the alternative fuel tax credits for the first three quarters of 2022. IRS Notice 2022-39 provides as follows: Alternative Fuel Credit. A one-time claim must ...

The IRS has published Superfund tax rates for 121 taxable substances subject to the tax under section 4671 of the Internal Revenue Code. A list of taxable substances is included below and accessible through IRS release ...

Last week, Senators Kirsten Gillibrand and Cynthia Lummis introduced a landmark bipartisan bill in the Senate that establishes a comprehensive regulatory framework for digital assets. The Responsible Financial Innovation ...

Rising real estate prices have made property development an increasingly attractive opportunity for owners of undeveloped “raw” land. Property owners involved in development, however, can face very different tax cons ...

The IRS has issued Notice 2022-15, setting down certain conditions under which a taxpayer will be relieved of underpayment penalties under IRC Section 6656 for failing to make required deposits of the Superfund Tax, whic ...