On Monday, Republicans unveiled their much anticipated Tax Bill (the “Bill”). At 389 pages, the Bill contains a number of provisions. Some are simply extensions of previous provisions that were sunsetting at the end of 2025. Others are new sections
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July 2019
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Threat to Harvard’s Tax Status Reaches All Nonprofits – A Bloomberg Daily Tax Report Column
Fox Rothschild partners Brian Bernhardt and Adam Young authored an article in Bloomberg’s Daily Tax Report examining both the ancillary threats to all nonprofits as a result of the Administration’s threat to revoke Harvard University’s tax-exempt status and what other
False Claims Act Fallout from Pandemic Aid: What You Need to Know – A Fox Rothschild Webinar
Join Fox Rothschild White-Collar Criminal Defense & Regulatory Compliance partners Kevin Raphael, Brian Bernhardt, and Jonathan Wasser for a complimentary webinar addressing how to prepare for a potential Department of Justice investigation using the False Claims Act to enforce all types of fraud, including
Trump and Congress Nullify IRS Reporting Rule for Digital Assets
Crypto platforms are relieved for now of the duty to report user transactions
The federal rule that would have required crypto platforms to report users’ transactions to the IRS has officially been scrapped.
President Trump signed a joint congressional resolution
White House Proposes $2.5 Billion Cut to IRS Budget for FY2026
The Trump administration is continuing its offensive against the Internal Revenue Service by proposing a $2.5 billion cut to the agency’s budget for FY2026. In the White House’s “skinny budget” released on May 2, the IRS’s budget is
DOJ Seeks Injunction Barring Promotion of Monetized Installment Sales
By Kristy Caron, Nicholas Lyskin, and Adon Solomon
An installment sale occurs when property is disposed of and at least one payment is received after the tax year of the disposition. See I.R.C. § 453. Under a standard installment sale,
Auditor Releases “Snapshot” of IRS Workforce Revealing Devastating Extent of Initial Job Cuts
The Treasury Department’s Inspector General for Tax Administration (TIGTA) has released a report showing how the Internal Revenue Service has been dramatically impacted by government-wide efforts to reduce the size of the federal workforce. As of March 2025, 11 percent
Self-Disclosure Calculus Remains Complex Under Trump DOJ
Is it worth turning yourself in? A Minnesota man did and shaved years off his sentence. As DOJ enforcement evolves under the Trump administration, individuals on the edge of exposure must weigh the risks and rewards of self-disclosure. The line
President Names Yet Another Acting IRS Commissioner
Turmoil continues to roil the highest ranks of the Internal Revenue Service, as the President has replaced the acting IRS Commissioner that he appointed just last week. As we previously wrote, on Tax Day, the President named a former
Another Civil Penalty Falls under Jarkesy – What’s Next?
On April 17th, the Fifth Circuit Court of Appeals held that an FCC penalty violates the Seventh Amendment based on the Supreme Court’s landmark ruling in SEC v. Jarkesy.
The Seventh Amendment provides for the right to a