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Jonathan Talley

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Jonathan Talley is an associate in the Global Tax Practice Group in the Chicago office. He advises clients on a variety of national and multinational tax issues.
In North America

United States: Tax Court clarifies Section 6751(b) in penalty approval cases

by and 1 Min Read

In brief The US Tax Court recently decided two cases further interpreting section 6751(b) procedural requirements requiring supervisory approval for assessing penalties. Section 6751(b)(1) provides that “no penalty under [the Internal Revenue Code] shall be assessed unless the initial determination of such assessment is personally approved (in writing) by the…

In North America

United States: Understanding the 2020 election results and their impacts on tax policy

by , , and 1 Min Read

As a Presidential candidate, former Vice President Joe Biden announced a detailed and ambitious set of tax policy proposals. President-elect Joe Biden’s tax policy plans, like rolling back several provisions of President Trump’s 2017 Tax Cuts and Jobs Act, are potentially derailed given the Republican will control at least 50 Senate seats and possibly 52.