A recent federal court decision may reopen the door to refunds of COVID-era tax interest and penalties that many taxpayers assumed were lost for good. In Kwong v. United States, No. 23 267 (Fed. Cl. Nov. 25, 2025), the U.S. Court of Federal Claims held that the COVID-19 disaster declaration triggered a mandatory suspension of…
The path to securing wind and solar energy tax credits is now narrower and more complex under recent legislative changes. H.R. 1, P.L. 119-21, also known as the One Big Beautiful Bill Act (OBBBA or OB3), enacted July 4, 2025, amended the expiration dates for a variety of the renewable energy tax credits that were…
On February 20, 2026, the Supreme Court of the United States (U.S.) struck down the tariffs imposed by President Trump’s administration under the International Emergency Economic Powers Act (IEEPA), stating that the statute does not give the president unilateral authority to impose tariffs. The court ruled by a vote of 6–3 that Congress did not…
The exclusive event invited guests to a first-hand look at the Firm’s modern, branded space, thoughtfully designed to showcase regional views of Northern Virginia. Amid networking, guests enjoyed locally sourced cuisine from Simpli. and live music from Emanuel Jackson, a local saxophonist. The event culminated in a ceremonial ribbon cutting, signifying the opening of the…
As the IRS continues shifting toward electronic only payments, taxpayers are gaining convenience — but also facing new pitfalls. Whether you’re making an estimated payment, an extension payment or paying a balance due with a notice, correctly selecting the payment type and tax year is essential to keeping your IRS account accurate and avoiding unnecessary…
As financial reporting season approaches, this short video series takes a closer look at three areas that consistently raise questions for funds and finance teams: valuation caps on SAFE notes, secondary market pricing, and information rights.
Update: The Supreme Court struck down President Donald Trump’s sweeping tariffs imposed under the International Emergency Economic Powers Act (IEEPA). The 6-3 ruling states that it’s unconstitutional for the president to unilaterally set and change tariffs, because those powers belong to Congress. For more on what this ruling means and potential next steps for the…