July 2019
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 fraud related to the pandemic-era CARES Act stimulus packages.
The panel will cover:
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 overturning the so-called DeFi Broker rule. Originally finalized by the Treasury Department in December 2024,
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 slashed by $2.488 billion, with only three sentences devoted to explaining why. While noting that
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, the buyer makes scheduled payments to the seller over time, and the seller recognizes capital
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 of IRS employees had been either approved for the deferred resignation program (DRP) or were
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 between smart strategy and legal misstep has never been thinner. Fox Rothschild partners Saverio S.
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 IRS criminal investigator, Gary Shapely, as the new IRS chief. At the end of last
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 jury trial in civil cases when the claim is legal in nature. Last summer, the
Nonprofit schools and other entities should be prepared to defend their tax-exempt status in the event of an IRS audit after President Trump called for revoking Harvard University’s tax-exempt status.
While it remains to be seen whether the IRS will rescind the university’s tax-exempt status, nonprofit schools should be prepared for an audit, as losing that
Yesterday, while millions of Americans were busy finalizing their tax returns, the President named a former IRS criminal investigator as the tax agency’s new leader. Gary Shapley, a former IRS special agent who gained prominence by publicly criticizing the pace of the Justice Department’s investigation of Hunter Biden, will be the fourth individual to lead
