The United States Internal Revenue Code (IRC) has grown to gargantuan proportions since its inception. It’s convoluted, and compliance is a challenge fraught with worrying about doing something wrong. It’s a legitimate concern. Besides the IRC, there are tax laws on income, estates, capital gains, vice and sin, businesses, employment or payroll, property, import, and gifts. In the IRS’s press...
In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19, the Government brought the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (‘the Ordinance’) on 31-03-2020 which, inter alia, extended various time limits. The Ordinance has since been replaced by the Taxation and Other Laws (Relaxation and...
READ MORE Extension of due date of furnishing of Income Tax Returns and Audit Reports
The Covid-19 pandemic has disrupted almost every aspect of our society, and the IRS has been no exception. For a while, IRS field offices were closed in most areas[1] as agents, and other employees scrambled to transition to work-from-home as much as possible. Many planned audits were put on hold because of the lack of resources necessary during the early...
READ MORE Audits Temporarily on Hold, but High-Net-Worth Tax Audits May be Coming
Global law firm White & Case LLP has promoted 39 lawyers to counsel and 14 lawyers to local partner. “White & Case is a truly global and diverse law firm and these promotions, across 21 offices and 12 global practices, are a clear expression of those fundamental characteristics,” said White & Case Chairman Hugh Verrier. “These lawyers demonstrate exceptional ability and...
READ MORE White & Case Promotes 39 to Counsel and 14 to Local Partner
