Federal

  • February 17, 2026

    Tipster Info Not Valuable In $31M Tax Case, DC Circ. Told

    A woman who accused a corporation and its majority shareholder of tax violations is not entitled to a whistleblower award, the U.S. government told the D.C. Circuit, arguing that her tip did not drive the $31 million assessment against the taxpayers.

  • February 17, 2026

    OECD Updates Tool For Amount B And Issues Guidance

    The Organization for Economic Cooperation and Development released an updated tool Tuesday for making calculations under its transfer pricing method known as Amount B and issued guidance on frequently asked questions.

  • February 17, 2026

    Applicable Federal Rate To Rise In March

    Applicable federal rates for income tax purposes will increase nearly across the board in March, the Internal Revenue Service said Tuesday.

  • February 17, 2026

    11th Circ. Urged To Affirm No Tax Refund For Fund Exec's Jet

    A Florida federal court correctly denied a $1.9 million tax refund to a hedge fund manager who claimed a business deduction for wear and tear on his jet, the U.S. told the Eleventh Circuit, saying he made his argument for the tax break too late.

  • February 13, 2026

    Senate Dems Say IRS-ICE Privacy Warnings Proved Correct

    The Internal Revenue Service's recent admission that a faulty system improperly shared taxpayer records with U.S. Immigration and Customs Enforcement vindicates long-standing warnings about privacy and data protection risks, Senate Democrats said.

  • February 13, 2026

    Suspect In Labor Scheme Probed By IRS Must Stay In Custody

    A self-proclaimed religious leader accused of orchestrating a sweeping forced-labor scheme investigated by the Internal Revenue Service must stay behind bars while he awaits trial, a Michigan federal judge decided Friday after privately reviewing more than 150 pages of victims' statements.

  • February 13, 2026

    Oil Co. Presses IRS For $3.2M In Refunds From Merger

    The Internal Revenue Service has failed to act on an oil and natural gas company's requests for nearly $3.2 million in tax refunds tied to losses from a 2020 merger, despite the company giving the agency all requested information, it told a Texas federal court.

  • February 13, 2026

    Ethics Groups Seek Pause On Trump's $10B Tax Leak Suit

    Ethics groups asked a Florida federal court to pause President Donald Trump's $10 billion suit against the Internal Revenue Service and block any money settlement until he finishes his term, saying his pursuit of damages for his leaked tax returns raises constitutional and ethical concerns.

  • February 13, 2026

    FinCEN Eases Beneficial Owner ID Rules For Banks

    The U.S. Treasury Department's Financial Crimes Enforcement Network announced Friday that banks are excepted from certain aspects of the agency's customer due diligence rules, including the requirement to repeatedly identify the beneficial owners of existing corporate account holders.

  • February 13, 2026

    Fuel Credit Regs Clear Clouds Over Middleman Sales

    The U.S. Treasury Department's move to allow domestic clean fuel producers selling to intermediaries to qualify for the production tax credit under newly released proposed rules recognizes the industry's commercial realities and clears up uncertainty that had been hindering the market, practitioners said.

  • February 13, 2026

    Taxation With Representation: Homburger, Lenz & Staehelin

    In this week's Taxation With Representation, offshore drilling contractor Transocean Ltd. acquires rival Valaris Ltd., historic British fund manager Schroders agrees to a cash takeover by U.S. asset manager Nuveen, and a consortium that includes U.S. private equity firm Advent International LP and FedEx Corp. buy Polish parcel locker company InPost.

  • February 13, 2026

    Weekly Internal Revenue Bulletin

    The Internal Revenue Service's weekly bulletin, released Friday, included updated interest rates for underpayments and overpayments of tax for the quarter starting April 1.

  • February 12, 2026

    Affairs, Spending Come Out In Goldstein Cross-Examination

    SCOTUSblog founder Thomas Goldstein was confronted Thursday with allegations of extramarital affairs, lavish spending and lies on asset disclosures, all in front of the jury in his ongoing tax fraud trial.

  • February 12, 2026

    IRS Guidance Offers Relief In Energy Credits' Sourcing Limits

    The IRS issued interim guidance Thursday providing two safe harbor options for clean energy facilities or manufacturers of energy components to determine the extent to which they received material assistance from an entity tied to a foreign government that the U.S. deems adversarial.

  • February 12, 2026

    House OKs Eliminating Taxes On Nonlethal Weapons

    A bipartisan measure to remove federal taxes on some nonlethal weapons and exempt them from firearm control laws passed the House of Representatives on Thursday, sparking debate among lawmakers over police access to advanced weaponry.

  • February 12, 2026

    Canadian Living In Wash. Says FBAR Penalty Required Jury

    A Canadian man living in the U.S. was unconstitutionally fined more than $700,000 for failing to report his foreign bank accounts, he told a Washington federal court, arguing that the amount is excessive and that its assessment violates his right to a jury trial.

  • February 12, 2026

    Dinsmore Adds IRS Senior Counsel As Tax Partner In DC

    An attorney who spent more than a decade working as an attorney and reviewer at the Internal Revenue Service has joined Dinsmore & Shohl LLP's Washington, D.C., tax group, the firm announced this week.

  • February 11, 2026

    Goldstein Says He Lost Millions On Poker In 2016

    SCOTUSblog founder Thomas Goldstein told the Maryland federal jury in his tax fraud trial Wednesday that he lost nearly $3 million playing poker in 2016, directly contradicting charges that he underreported his gambling winnings, and pinned the blame for tax filing errors on his own miscalculations and shoddy work from his accountants.

  • February 11, 2026

    Senate Joins House In Overturning DC Tax Changes

    A Washington, D.C., local law that uncouples elements of the city's tax code from federal tax law would be repealed under a resolution passed in the U.S. Senate on Wednesday.

  • February 11, 2026

    House OKs Ending Canada Tariffs After GOP Block Fails

    The U.S. House of Representatives approved a resolution Wednesday evening that would end President Donald Trump's tariffs on Canadian imports, a day after Republican lawmakers were unable to pass a measure blocking that kind of effort.

  • February 11, 2026

    US Budget Deficit Projected To Hit $3.1T By 2036

    The U.S. budget deficit is tracking toward $3.1 trillion by 2036 after the first year of President Donald Trump's administration, the Congressional Budget Office said Wednesday, saying the costs of last year's reconciliation bill are expected to only be somewhat balanced out by Trump's tariff regime.

  • February 11, 2026

    Tax Court Allows IRS To Collect From Nurse Anesthetist

    The Internal Revenue Service can continue collecting taxes and penalties for frivolous tax submissions from a nurse anesthetist who improperly reported that she earned no income for five years, the U.S. Tax Court said in an opinion released Wednesday.

  • February 11, 2026

    Tax Biz Owner Owes Taxes, Fraud Penalties, Tax Court Says

    The owner of a tax return business who held degrees in business and accounting is on the hook for $73,000 in taxes and fraud penalties after the U.S. Tax Court found he claimed inflated deductions for business and other expenses.

  • February 11, 2026

    'It Takes Time To Write': Jackson On High Court's Tariff Ruling

    U.S. Supreme Court Justice Ketanji Brown Jackson has provided an unusual update on the court's decision over President Donald Trump's authority to impose emergency tariffs, saying in a TV interview that the justices are still working on what is one of their most anticipated rulings this term. 

  • February 11, 2026

    Tax Group Of The Year: Sullivan & Cromwell

    Sullivan & Cromwell LLP's tax practice showed the depth of its experience this past year, advising on multijurisdictional tax litigations to playing a key role counseling RedBird Capital Partners in a deal that merged Paramount and Skydance, helping it earn a place among the 2025 Law360 Tax Groups of the Year.

Expert Analysis

  • Trade Policy Shifts Raise Hurdles For Gov't And Cos. Alike

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    The persistent tension between the Trump administration's fast-moving and aggressive trade policies and the compliance-heavy nature of the trade industry creates implementation challenges for both the business community and the government, says Sara Schoenfeld at Kamerman.

  • Firms Must Embrace Alternative Billing Models Or Fall Behind

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    As artificial intelligence tools eliminate inefficiencies and the Big Four accounting firms enter the legal market, law firms that pivot from the entrenched billable hour model to outcomes-based pricing will see a distinct competitive advantage, says attorney William Brewer.

  • How Attorneys Can Master The Art Of On-Camera Presence

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    As attorneys are increasingly presented with on-camera opportunities, they can adapt their traditional legal skills for video contexts — such as virtual client meetings, marketing content or media interviews — by understanding the medium and making intentional adjustments, says Kerry Barrett.

  • Adapting To Private Practice: From Fed. Prosecutor To BigLaw

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    Making the jump from government to private practice is no small feat, but, based on my experience transitioning to a business-driven environment after 15 years as an assistant U.S. attorney, it can be incredibly rewarding and help you become a more versatile lawyer, says Michael Beckwith at Dickinson Wright.

  • Justices' False Statement Ruling Curbs Half-Truth Liability

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    The U.S. Supreme Court’s recent Thompson v. U.S. decision clarified that a federal statute used to prosecute false statements made to bank regulators only criminalizes outright falsehoods, narrowing prosecutors’ reach and providing defense counsel a stronger basis to challenge indictments of merely misleading statements, says Tamara de Silva at De Silva Law Offices.

  • Perfecting Security Interests In Renewable Energy Tax Credits

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    The ability to transfer renewable energy tax credits has created new opportunities for developers, investors and lenders, but it also raises important questions regarding when and how the security interests in these credits are perfected — questions that must be answered definitively to protect credit claims and transactions, says Harry Teichman at Stinson.

  • Firms Still Have Lateral Market Advantage, But Risks Persist

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    Partner and associate mobility data from the fourth quarter of 2024 shows that we’re in a new, stable era of lateral hiring where firms have the edge, but leaders should proceed cautiously, looking beyond expected revenue and compensation analyses for potential risks, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.

  • Making The Opportunity Zones Program Great At Last

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    As the opportunity zone program approaches its expiration, the Republican-led government could take specific steps to extend and improve the program, address its structural flaws, encourage broader participation and enable it to live up to its promised outcomes, say attorneys at Pillsbury.

  • We Must Allow Judges To Use Their Independent Judgment

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    As two recent cases show, the ability of judges to access their independent judgment crucially enables courts to exercise the discretion needed to reach the right outcome based on the unique facts within the law, says John Siffert at Lankler Siffert & Wohl.

  • Preparing For Tariffs On Canadian Power In The Northeast

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    The on-again, off-again risk of import and export tariffs on energy transactions between the U.S. and Canada may have repercussions for U.S. energy stakeholders in the ISO New England and New York Independent System Operator electricity markets — but there are options that could help reduce cost impacts, say attorneys at Husch Blackwell.

  • Making The Case For Rest In The Legal Profession

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    For too long, a culture of overwork has plagued the legal profession, but research shows that attorneys need rest to perform optimally and sustainably, so legal organizations and individuals must implement strategies that allow for restoration, says Marissa Alert at MDA Wellness, Carol Ross-Burnett at CRB Global, and Denise Robinson at The Still Center.

  • Mitigating Tariff Risks For Healthcare In US And Canada

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    Healthcare stakeholders should take steps to evaluate the impact of cross-border tariffs, as the historically strong ties between Canada and the U.S. demonstrate the potential for real disruption and harm to the healthcare industry in both countries, say attorneys at Norton Rose.

  • 4 Ways Women Attorneys Can Build A Legal Legacy

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    This Women’s History Month, women attorneys should consider what small, day-to-day actions they can take to help leave a lasting impact for future generations, even if it means mentoring one person or taking 10 minutes to make a plan, says Jackie Prester, a former shareholder at Baker Donelson.

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