Having a divisive Congress back in session could produce some nasty side effects for the nation’s still struggling economy. >>
NEW YORK – The Haynes and Boone, LLP New York office continues its rapid growth with the addition of
Sam Lichtman who will serve as of counsel in the
Tax Practice Group. >>
DALLAS – Fifty Haynes and Boone, LLP lawyers have been recognized by
Chambers USA: America’s Leading Lawyers for Business 2011 in its annual law firm rankings. >>
On January 9, 2012, the IRS issued a news release announcing that the IRS is opening a third Offshore Voluntary Disclosure Program for taxpayers who come forward (including taxpayers who have come forward since the 2011 disclosure program closed last September) to report previously undisclosed foreign accounts and assets. >>
On or before January 17, 2012, domestic and foreign corporations will be required to report to both the IRS and their shareholders (on Form 8937) any corporate transaction which occurred in 2011 (including mergers, acquisitions, spin-offs, stock splits, redemptions and distributions) that affected a shareholder’s U.S. tax basis in the stock of the corporation. >>