If you’ve received an IRS audit notice for 2025, it’s understandable to feel a bit overwhelmed. However, it’s important not to panic. There are key steps you can take to ensure you’re prepared and can handle the situation effectively.
John Milikowsky, Founder of Milikowsky Tax Law, breaks down three essential actions to take right away
Understanding Trademarks and its Registration Procedure
Historic background
Since the human race commenced in merchant activities, we have seen the use of marks and signs in order to distinguish products and trading goods. We have evidence that 6.000 years ago in ancient Egypt, marks and stonecutters signs were used to differentiate various works performed by the Egyptian labourers. Archaeologists have also
March Madness Is Usually All About College Basketball, But It Turns Out That the Corporate Transparency Act Is Taking Center Stage This Month
It was about 5:30 p.m. PT last Friday, March 21, 2025, and I was about to sign off from my computer after a long week and turn my attention to college basketball, when I received an email from FinCEN. The message was that FinCEN had issued an interim final rule relative to the Corporate Transparency
Transferring the Family Business To A Private Foundation? Are You Sure About That?
Do This But Not That
Charitable organizations are dependent, in no small part, upon the financial support of many successful business owners. The generosity of these individuals and their organizations may be a manifestation of several factors including, for example, their gratitude to the communities in which they have thrived, a willingness to share their
California considers single sales factor for banks and financials
The California Franchise Tax Board’s method of taxing banks and financial institutions is consistently complex, and a bit messy. This complexity would worsen under the January budget proposal of California Governor Gavin Newsom to tax banks (and savings and loans) using single-sales-factor apportionment.
In this installment of A Pinch of SALT, published by Tax Notes State,
I Bought a Superyacht. What’s Next?
The fascination of owning a superyacht is undeniable; luxury, freedom, and prestige. However, the legal intricacies that accompany this acquisition are often overlooked in the excitement. Ensuring compliance with international laws, choosing the right jurisdiction, structuring ownership efficiently, and looking through taxation complexities are all crucial aspects that determine how smooth or turbulent your voyage
SALT trivia – March 19, 2025
Calling all trivia fans! Don’t miss out on a chance to show off your SALT knowledge!
We will award a prize for the smartest (and fastest) participant.
This week’s question: Which state’s governor recently proposed eliminating its sales tax on groceries?
E-mail your response to SALTonline@eversheds-sutherland.com.
The prize for the first response to today’s question
Legal Alert: San Francisco’s proposed regulation imitates California’s proposed regulation
In November 2024, voters approved Proposition M which provided for an overhaul of San Francisco’s gross receipts tax. (See our prior coverage here.) Proposition M changed the allocation and apportionment rules for most industries, generally requiring that three quarters of a taxpayer’s total receipts are allocated to the city on a market basis and
Who’s on First? Insured’s & Insurer’s Burden on Causation
Proof of Accidental Direct Physical Loss Shifts Burden to Insurer on an All Risk Policy
Post 5024
See the full video at https://rumble.com/v6qtw4u-whos-on-first-insureds-and-insurers-burden-on-causation.html and at https://youtu.be/Cecp7iFBWKo
Insured Must Prove Actual Loss Causing Peril to Claim on Named Peril Policy
In Mark Alan Barger, Jr.; Margie Barger v. State Farm Fire and Casualty Company, No. 24-60178, United
Cayman Islands: A Prime Destination for Virtual Asset Service Providers (VASPs)
Virtual Asset Service Providers (VASPs), as outlined by the Financial Action Task Force (FATF), are entities that engage in virtual asset-related services. Their functions include facilitating conversions between virtual assets and fiat currencies, enabling transactions between different virtual assets, managing or securing virtual assets for clients, supporting the issuance or distribution of virtual assets, and