IEEPA Tariff Refunds: What Is the Government Actually Doing? A federal court just asked U.S. Customs some very pointed questions. The answers should matter to every importer who paid IEEPA duties. A Quick Refresher On February 20, 2026, the U.S. Supreme Court issued a landmark ruling in Learning Resources, Inc. v. Trump, striking down tariffs […]
On February 24, 2026, GC Consultants hosted a professional seminar at Assolombarda — the leading association representing businesses in the Milan area — as part of its commitment to keeping the Italian business community informed on U.S. tax developments. Giuseppe Brusa, CPA and Mina Gwargious, EA, joined Maurizio Bottoni, Dottore Commercialista, to present the latest […]
Significant Development in U.S. Trade Policy Before Supreme Cout Ruling Update on SCOTUS Decision Regarding IEEPA Tariffs and Recommended Actions for Importers The legality of the reciprocal and fentanylrelated tariffs imposed under the International Emergency Economic Powers Act (IEEPA) has been under review by the Supreme Court of the United States (SCOTUS). Many importers have […]
Navigating the New U.S. Tax Landscape: Insights for Italian Companies U.S. tax rules are changing — and the implications for Italian companies investing in America are significant. Join Giuseppe Brusa and Mina Gwargious of G.C. Consultants for a free webinar covering depreciation elections, R&D expenses, multi-state tax differences, and transfer pricing compliance. Live Q&A included. […]
ALERT What CPAs can expect over the next 6-7 months Renown tax attorney and highly sought after CPA instructor Bradley Burnett, J.D., LL. M., was recently asked about what the coming six to seven months would look like for CPAs. Mr. Burnett pointed out quandaries for the field, as well as a warning: “With IRS […]
New California Tax Legislation: What You Need to Know Do you have a company or conduct business in California? Then this new change potentially affects you! Net Operating Losses (NOLs) Suspension: California has enacted legislation suspending the use of net operating losses (NOLs) for taxpayers with net business income of $1 million or more for […]
WASHINGTON––Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act. In that interim final rule, FinCEN revises the definition of “reporting […]
The proposed budget for the 2024 fiscal year has been released by President Biden. Many of the proposed changes would affect employers and employees. EY recently published a document highlighting some key points in the President’s proposal. If you would prefer to take a deeper look at the budget, you can check the White House’s […]
File FBARs with your returns? The latest determination from the Supreme Court put a limit on the penalties for taxpayers with foreign accounts who non-willlfully failed to file their FBARs. In the article below, written by Sarah Constantine Jonathan E. Green Cara M. Koss James P. Joseph Rebecca L. D. Gordon and Alex S. Tepler, […]
If you are the owner of an early stage start-up, or considering up a start-up in New York, then the article below provided by attorney Gisella Levi Caroti, of Herzfeld-Rubin may be of some interest to you: New York State Offers Matching Investment Funds for Qualified Early-Stage Start-Ups On January 5, 2023, New York Governor […]