Resources

In a case involving the sale of bunker fuel, the Texas Supreme Court recently addressed the meaning of a sourcing statute for Texas franchise tax. [1] The taxpayer argued that revenues from the sale of its bunker fuel...

Federal tax law has long required taxpayers to report their receipt of foreign gifts and inheritances and certain transactions with foreign trusts on IRS Form 3520.  Although the IRS aggressively enforces this...

The Treasury Department is having a hard time getting beneficial ownership reporting off the ground, with the U.S. District Court for the Eastern District of Texas most recently vacating a reporting rule just as it was set to...

Firm partners Jeffrey M. Glassman and Matthew L. Roberts, through their respective leadership positions in the State Bar of Texas Tax Section, recently submitted comments to the Internal Revenue Service...

From the time the IRS disallows a taxpayer’s refund claim, the taxpayer has only two years to file a lawsuit in federal court. Similarly, the IRS has only two years to pay a refund after a disallowance. Accordingly, many...