The U.S. tax system requires taxpayers to report their income and expenses on an annual accounting basis (e.g., a calendar year). Because taxpayers may have profits in some years but losses in others, this reporting requirement can sometimes cause financial
Gray Reed & McGraw LLP
Gray Reed & McGraw is a Texas-based, full-service law firm with over 120 lawyers in Dallas and Houston. Since 1985, our firm philosophy has been to provide high-quality legal services in a streamlined manner, to provide sophisticated and complex legal advice that is reasonably priced, and to provide big-firm results with small-firm efficiency. For 30 years, we have dedicated ourselves to achieving success for our clients, as they define success – whether that is winning a critical lawsuit, closing a key deal, consulting to save taxes, or just giving good business advice to avoid disputes.
Gray Reed & McGraw LLP Blogs
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IRS Targets Front-End Services In DeFi Reporting Final Regulations
Final regulations on informational reporting obligations for custodial brokers were published in the Federal Register on July 9, 2024 with an ominous note that the information reporting requirements for non-custodial brokers (i.e. Decentralized Finance or DeFi) would be forthcoming. The…
IRS Targets Front-End Services In DeFi Reporting Final Regulations
Final regulations on informational reporting obligations for custodial brokers were published in the Federal Register on July 9, 2024 with an ominous note that the information reporting requirements for non-custodial brokers (i.e. Decentralized Finance or DeFi) would be forthcoming. The…
Wind Farms: NIMBY Unless You Ask Permission
For the Osage Indian Tribe, it’s more like “IMBY if you pay me”. In the latest interation of United States and Osage Minerals Council v. Osage Wind LLC et al the US District Court for the Eastern District of Oklahoma…
The New Year Will Define Rules For Taxation Oversight And Enforcement
An old German proverb states that “to change and to change for the better are two different things.” As 2024 ends, the legal and business communities who must navigate government scrutiny are seeing the signs of change in the regulatory…
The New Year Will Define Rules For Taxation Oversight And Enforcement
An old German proverb states that “to change and to change for the better are two different things.” As 2024 ends, the legal and business communities who must navigate government scrutiny are seeing the signs of change in the regulatory…
The New Year Will Define Rules For Taxation Oversight And Enforcement
An old German proverb states that “to change and to change for the better are two different things.” As 2024 ends, the legal and business communities who must navigate government scrutiny are seeing the signs of change in the regulatory…
Lien and Bond Claims in January 2025: Dates to Remember
Use this guide as a reference when filing lien and bond claim notices for the month of January. If you have any questions about the lien and bond claim process, don’t hesitate to reach out to any member of the …
The $1 Qualified Offer: A Powerful Tool For Taxpayers In IRS Disputes
Given the size of the government, it is no surprise that the IRS often has an advantage over taxpayers in tax controversy matters. Indeed, the agency has an army of specialized attorneys on its payroll to defend tax actions in…
Do Montanans’ Rights Include a Fossil-Fuel-Free Environment?
It looks like they do. In Held et al v. State of Montana the Montana Supreme Court declared the “MEPA Limitation” unconstitutional. The plaintiffs were 16 youths, ages 2 to 18 at the time of filing.
The MEPA Limitation
The…