Underdog game: prizes!
This year’s charity pro football underdog game is in the history books, and prize checks have gone out to our winners’ chosen charities. They are:First prize: Shoeshine Boy – $400 – LAFD Foundation Emergency Wildfire FundSecond prize: Air – $125 – Sandy High School Boys’ Golf TeamThird prize (tie): Annie B. – $50 – Toni’s…
Your ERISA Watch – Week of February 5, 2025
This week, Punxsutawney Phil predicted six more weeks of winter, and I’ve heard it said that this January was the longest year on record. It seems ERISA winter is continuing for at least some plan participants, as several noteworthy decisions were issued this week which were unfavorable to ERISA plaintiffs. In Cutrone v. Allstate and…
Federal Funding “Pause”: Five-Alarm-Fire, Doused for Now
- “This last week has been the longest year of my life.” – internet meme 1/27/25
Well ahead of Inauguration Day, the incoming Administration announced its strategy: a “shock and awe” blitz.
Many of us remember “Shock and Awe 1.0” from January 2017: The “bizarre, rapid-fire presidential policy making” when “every day there’s a new,…
IRS Roundup January 13 – 17, 2025
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 13, 2025 – January 17, 2025. TAX CONTROVERSY-RELATED DEVELOPMENTS January 15, 2025: The US Department of the Treasury (Treasury) and the IRS published final regulations, providing guidance on the resolution of federal tax controversies by…
Trumpy Joe gets a job
Ha. Ha ha. Ha ha ha ha ha. HA HA HA HA HAAAHAAAAA!I refuse to get sucked into Mudface Caligula’s crapshow. But I can’t not report that the two-time loser from Clark County now has an above-board paycheck, sorta. Another fine Republican hero. I feel so much safer.
Italy’s Tax Agency Rules that Beneficiary’s Power to Appoint, Revoke, and Replace Trustee Makes Trust Fiscally Interposed
With its ruling n. 258 published on December 16 (Risposta n. 258_2024), the Italian Tax Agency ruled on the tax classification and treatment of three trusts created in the United States under the laws of the State of Texas. The settlor was an American citizen who passed away. The trustee is a Texas-based…
Employee Retention Credit Claim Resolution Has No End in Sight
Matthew D. Lee, Brian C. Bernhardt, and Jonathan M. Wasser co-authored the Bloomberg Tax article, “Employee Retention Credit Claim Resolution Has No End in Sight” on January 29, 2025. View the full article here.
Improving Tax Systems
Over the years, we see numerous federal and state tax law changes such as adding or modifying a credit, deduction or exclusion. We sometimes see rate cuts and increased deductions, such as most individuals experienced for 2018 through 2025 with the Tax Cuts and Jobs Act of 2017 changes that lowered the individual rates, almost…
2025 Western Conference on Tax Exempt Organizations
The 28th Annual Western Conference on Tax-Exempt Organizations (WCTEO), my #1 go-to conference every year for the past 19 years, will be held in Los Angeles on Thursday, February 27, and Friday, February 28. You can join a waitlist for the sold-out conference by emailing nonprofits@law.ucla.edu.
The UCLA School of Law Lowell Milken Center for…