When tax-exempt or non-U.S. taxpayers invest in U.S. businesses, unwanted and unintended U.S. tax obligations can follow without careful planning. Blocker corporations have become a common strategy employed...
Obtaining a Phase I environmental site assessment (ESA) is essential to conducting environmental due diligence for commercial real estate transactions. The goal of a Phase I ESA is to evaluate readily...
Artificial intelligence (AI) tools and resources are inundating the news, social media, professional seminars, and inboxes. AI is part of every conversation across industries and professional services...
Do you need guidance in defending against claims brought under the recently overhauled California's Private Attorneys General Act (PAGA)? Read Private Attorneys General Act in California: Defending...
Confidently present your case in chief to the Trademark Trial and Appeal Board (TTAB) with this opening trial brief that an opposer/petitioner (plaintiff) may use in an opposition or cancellation proceeding...
IRS and Treasury released final regulations that establish a new user fee of $67 for persons requesting the issuance of an estate tax closing letter (formerly known as IRS Letter 627). The final regulations adopt, without significant change, proposed regulations issued in late December 2020. 85 Fed. Reg. 86,871 (Dec. 31, 2020). The IRS and Treasury justify charging estates $67 to cover such letters’ costs, because issuing the letters qualifies as a service providing a special benefit to estates. Although obtaining a closing letter from the IRS can be beneficial to an executor of an estate, it is also a legal requirement. The IRS said it would begin charging the fee on October 28, 2021. Closing letter requests must be made using Pay.gov. 86 Fed. Reg. 53,539 (Sept. 28, 2021).
READ NOW »
Related Content
Practical Guidance UpdatesFeaturing the latest updates from your Practical Guidance account.
Experience results today with practical guidance, legal research, and data-driven insights—all in one place.Experience Lexis+