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Taxation of financial institutions
  • Steptoe & Johnson LLP
  • USA
  • July 22 2016

Intermediation between liquid deposits and illiquid investments. Pooling of investments and investment diversity. Types of Bank Organizations


Newly Proposed Regulations Under Section 457(f) Impact Deferred Compensation Arrangements of Tax-Exempt and Governmental Entities
  • Steptoe & Johnson LLP
  • USA
  • July 14 2016

The Internal Revenue Service (IRS) has issued the long-awaited proposed regulations governing deferred compensation for tax-exempt and governmental


Congress Passes Missing Child IRS Disclosure Legislation
  • Steptoe & Johnson LLP
  • USA
  • June 17 2016

On June 16, the Senate approved legislation allowing the IRS to disclose tax return information to state and local law enforcement officials


Exempt Organizations Advisory - House Democrats Release Letter Defending the IRS's Ability to Issue Guidance on 501(c)(4) Organizations
  • Steptoe & Johnson LLP
  • USA
  • June 10 2016

Democratic Caucus Chairman Xavier Becerra (D-CA)along with 42 House Democratsreleased a letter, dated June 8, which expresses concern regarding the


U.S. Attorney Announces Successful Return of Rare “Inverted Jenny” Postage Stamp
  • Steptoe & Johnson LLP
  • USA
  • June 6 2016

Last week, the U.S. Attorney’s Office for the Southern District of New York announced that one of the world’s rarest postage stamps has been returned


Senator Wyden Introduces Bill Directing Presidential Nominees to Release Tax Returns
  • Steptoe & Johnson LLP
  • USA
  • May 25 2016

Today, Senate Finance Committee Ranking Member Ron Wyden (D-OR) introduced a bill titled "The Presidential Tax Transparency Act" that would require


Limited US Sanctions Relief after Historic Myanmar Elections
  • Steptoe & Johnson LLP
  • USA
  • May 19 2016

On May 17, 2016, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) announced its long-awaited changes to US sanctions on


Tax Policy Subcommittee Holds Members Day Hearing
  • Steptoe & Johnson LLP
  • USA
  • May 12 2016

Forty-Eight members of the House of Representatives testified before the Ways and Means Tax Policy Subcommittee at a hearing on tax reform proposals


Supreme Court Vacates Nevada’s $1 Million Award Against California FTB
  • Steptoe & Johnson LLP
  • USA
  • April 19 2016

In a 6-2 ruling, the US Supreme Court vacated Nevada's award of $1 million in damages for fraud to Gilbert P. Hyatt in his dispute with the


Judge Woods Dismisses Gender Discrimination Suit Against Columbia for Supporting “Mattress Project” of Student Who Accused Plaintiff of Sexual Assault
  • Steptoe & Johnson LLP
  • USA
  • March 14 2016

In an opinion Friday, Judge Woods dismissed a gender discrimination suit brought by a male Columbia student who was found “not responsible” for an