Lewis Greenwald and Eric Rietveld co-authored the article, "New Proposed Section 987 Regulations Need an 'Angel List' Election," published by Tax Notes International on April 29, 2024 ..read more

Lewis Greenwald and Eric Rietveld authored the article, “Significant Civil and Criminal Tax Penalties for Non-Reporting of Cryptocurrency Transactions,” published by Reuters on May 16, 2024 ..read more

Kimberly Herman was the subject of a profile published by Vanguard Law Magazine on May 16, 2024. The article, entitled "Kimberly Herman: Crafting Tailored Solutions for Client Success," details Kim's journey in law, from covering court-related stories for The Boston Globe to becoming a partner and practice group leader at Sullivan. Furthermore, the profile explores Kim's approach to her work, championing client needs and prioritizing building trust and rapport ..read more

Boston, MA – Sullivan & Worcester is pleased to announce that Natasha Varyani has been appointed by Massachusetts Governor Maura Healey to the Tax Expenditure Commission for the Commonwealth of Massachusetts. Natasha was sworn in and took the oath of office on May 8, 2024. The Tax Expenditure Review Commission (TERC) was created under Chapter 207 of the Acts of 2018 to review each tax expenditure every five years and evaluate its purpose, intent, goal and effectiveness. The TERC ..read more

On May 9, 2024, in Warner Chappell Music, Inc. v. Nealy, the U.S. Supreme Court held that the Copyright Act permits a copyright owner to recover damages for infringing acts that occurred more than three years before bringing a claim, so long as the claim is timely filed. Although this decision brings clarity and resolves a circuit split on the damages assessment, the Court left unresolved the more fundamental question ..read more

Eric Rietveld was quoted in the article "Court Unanimously Rules in Favor of IRS Authority to Assess Penalties, Overturning Farhy Case," published by Globe Echo on May 3, 2024. The article describes the DC Circuit Court's ruling that the IRS has the authority to assess foreign information return penalties. Eric believes that the Supreme Court is unlikely to agree to hear an appeal. “I think as it applies to IRS’ enforcement ability with respect to the ..read more

Eric Rietveld was quoted in the article "Circuit Reverses Farhy on Close Examination of Statute, Context," published by Tax Notes [sub. req'd] on May 6, 2024. The article discusses how the D.C. Circuit handed the IRS a significant win, reversing a Tax Court decision holding that the agency couldn’t assess international information return penalties, leaning on context clues in its appellate decision. The Circuit reversed and remanded the Tax Court in its May 3 decision in Farhy v. Commissioner. It held that the ..read more

On April 23, 2024, the Federal Trade Commission (FTC) voted 3-2 to issue a final rule that, once effective, will ban noncompetition (“non-compete”) agreements nationwide. The rule, which becomes effective 120 days after publication in the Federal Register, is almost certain to draw judicial challenges as companies that rely on non-competes are likely to move to block its enforcement. Context and Arguments According to the FTC, an estimated 18% of U.S. workers ..read more

Boston, MA – Richard Jones, partner and leader of Sullivan's Tax Group, has been selected as a 2024 "Go To" Tax Lawyer by Massachusetts Lawyers Weekly (MLW). This award showcases leaders who have shown excellence in the legal community in their area of practice. Attorneys are nominated by their peers and reviewed by a panel from MLW. Rich concentrates on state and local tax (SALT) litigation and transactional planning involving corporate, personal income and sales/use tax matters. He has ..read more

On April 16, 2024, Ameek Ashok Ponda, with assistance from Paul Decker, Sarah Wellings and Connie Lee, submitted a comment letter to the Internal Revenue Service (IRS) regarding his recommendations for the 2024-2025 Priority Guidance Plan, pursuant to Notice 2024-28, I.R.B. 2024-13.  The comment letter incorporates a March 2024 thought piece (updated from time to time) published by Ameek, Paul, Sarah and Connie, titled "Enabling REITs to Deploy Renewable Energy: Toward a ..read more