Federal

  • April 03, 2026

    Man Denies Owing Gov't $19M In Biofuel Tax Credit Fraud

    A businessman told a Utah federal court that he shouldn't need to pay over $19 million for a forfeited loan from a company central to a $511 million biofuel tax credit fraud because the government's calculations are unjust and a government asset tricked him into withholding payment.

  • April 03, 2026

    Law360 Announces The Members Of Its 2026 Editorial Boards

    Law360 is pleased to announce the formation of its 2026 Editorial Advisory Boards.

  • April 03, 2026

    Feds Fight Atty's Bond Request Amid $22M Tax Fraud Appeal

    A North Carolina federal court should reject a lawyer's bid to remain free on bail while she appeals her conviction for helping perpetrate a $22 million tax fraud scheme because she didn't show that her appeal is likely to change her conviction, federal prosecutors said.

  • April 03, 2026

    Sanctioned Ex-Broker Pushes To Keep IRS Records Suit Alive

    The IRS should not be allowed to withhold records of its investigation into an ex-broker sanctioned by the Financial Industry Regulatory Authority for hiding $1.7 million in tax liens, he told a North Carolina federal court Friday, urging it to let his case against the tax agency proceed.

  • April 03, 2026

    Taxation With Representation: Cleary, Hogan Lovells, Wachtell

    In this week's Taxation With Representation, spice maker McCormick acquires Unilever's foods business, wholesale restaurant food distributor Sysco buys Jetro Restaurant Depot, and private equity giant KKR closes a fund focused on investments in North America.

  • April 03, 2026

    Weekly Internal Revenue Bulletin

    The Internal Revenue Service's weekly bulletin, released Friday, included the agency's request for suggestions on what to prioritize in an upcoming guidance plan.

  • April 03, 2026

    Clean Energy Tax Credits Could Gain Ground In Tax Planning

    Discounted pricing and risk-limiting contracts are driving large companies to buy clean energy tax credits to lower their IRS bills, a move experts said could become standard in corporate tax planning.

  • April 02, 2026

    Judge Keeps IRS, Booz Allen In Lawsuit Over Tax Data Leak

    A class action against the federal government and contractor Booz Allen Hamilton seeking to hold them accountable for the unauthorized disclosure of a trove of wealthy people's tax returns by a worker on the job with the IRS can move forward, a Maryland federal judge said.

  • April 02, 2026

    Trump Orders 100% Pharma Tariff, Modifies Metals Duties

    Later this year, the U.S. will impose 100% tariffs on imported pharmaceuticals, but drug companies could qualify for reduced tariff rates as low as zero if they agree to invest domestically and enter most-favored-nation drug-pricing agreements with the government, according to an executive order President Donald Trump signed Thursday.

  • April 02, 2026

    Property Co. Not Liable To Investors In $40M Fraud Suit

    A group of investors were told by a Tennessee federal judge that they cannot claim that a property holding company is liable for debts to investors under state statute in a suit accusing a purported green energy outfit and its executives of using promises of extravagant returns to induce investments.

  • April 02, 2026

    US Tariffs Hiked Consumer Prices By 0.5% To 1%, Report Says

    The U.S. government's tariffs imposed last year likely raised consumer prices by 0.5% to 1%, the Yale Budget Lab said Thursday in a report that revised down its initial estimates.

  • April 02, 2026

    5th Circ. Urged To Rethink Tax Break For Limited Partners

    The Internal Revenue Service asked the Fifth Circuit to reconsider its decision allowing business partners with limited liability under state law to be excluded from the federal self-employment tax, saying it threatens the funding of Social Security and Medicare.

  • April 02, 2026

    $3.6T Of Untaxed Personal Wealth Held Offshore, Oxfam Says

    About $3.6 trillion in untaxed household wealth was held offshore in 2024, exceeding the poorer half of humanity's combined wealth by about $1 trillion, Oxfam International reported Thursday.

  • April 01, 2026

    Facebook Users Lose Cert. Bid In Tax-Data Collection Fight

    A California federal judge has refused to certify proposed classes of consumers accusing Meta Platforms Inc. of illegally collecting sensitive financial data from tax preparation websites, finding that the currently proposed classes are "significantly" broad and would likely invite statute-of-limitations defenses that would require "extensive individual inquiries" into each class member.

  • April 01, 2026

    Ex-Diplomat Says Rep. Rivera's Liaison Was Out For Himself

    A retired diplomat Wednesday described former Florida congressman David Rivera's Venezuelan contact Raúl Gorrín as a wealthy businessman "distrusted by everybody," telling jurors in the criminal trial against Rivera that Gorrín was willing to work with the Venezuelan regime when financially beneficial.

  • April 01, 2026

    The Tax Angle: Justices' Birthright Case Has Revenue Stakes

    The U.S. Supreme Court's coming decision on whether to uphold birthright citizenship could reverberate far beyond immigration policy, with ripple effects seen in the size of the U.S. tax base, federal and state tax collections, labor markets and major benefits programs.

  • April 01, 2026

    4 Million Trump Accounts Established, IRS Says

    More than 4 million children have been signed up for the new type of individual retirement account known as a Trump account, with more than a quarter of them eligible to receive $1,000 contributions through a pilot program, the Internal Revenue Service said.

  • April 01, 2026

    Court Blocks IRS Deal On Church Endorsements

    A Texas federal court rejected a deal between the IRS and church groups that sought to allow churches to engage in political speech without losing their tax-exempt status, saying the court lacked jurisdiction because the deal sprung from a case that tried to restrain tax collection.

  • April 01, 2026

    NYSBA Urges Broader Doc. Rules In Treasury's Sourcing Regs

    The U.S. Treasury Department should provide more flexibility for documentation requirements in upcoming guidance for determining the source of payments in certain securities lending transactions, the New York State Bar Association's Tax Section said.

  • March 31, 2026

    Lobbyist Blocked Rivera After Tying Him To $50M Oil Deal

    Republican lobbyist Brian Ballard was "exceptionally angry" and blocked former Florida Congressman David Rivera's number after Rivera insinuated Ballard was tied to a $50 million consulting agreement Rivera signed with the U.S. affiliate of Venezuela's state-owned company, Ballard testified Tuesday in federal court.

  • March 31, 2026

    DOL's Push To Curb 401(k) Suits Could Face Court Challenges

    The U.S. Department of Labor's recent proposal to give retirement plan fiduciaries legal cover to select a broader range of investments aims to reduce ERISA litigation, but attorneys on both sides of the bar say they expect the rule to face legal challenges if finalized as proposed.

  • March 31, 2026

    $50M Estate Tax Suit Is Late, Plastics Heir Tells Court

    A Connecticut federal court should reject the U.S. government's request for a ruling that its $50 million estate tax suit against the heirs of a plastics company owner is timely, one of the heirs argued, saying a decades-old proof of claim didn't pause the clock on collection.

  • March 31, 2026

    Tariff Refunds On Liquidated Goods To Come, Customs Says

    U.S. Customs and Border Protection will enable refunds for imports already liquidated that were subject to tariffs struck down by the U.S. Supreme Court, but that functionality still requires more time to develop, according to an official's declaration filed Tuesday in the U.S. Court of International Trade.

  • March 31, 2026

    APAs Continue To Drop From 2023 Record, IRS Says

    The Internal Revenue Service finalized fewer advance pricing agreements for U.S. multinational corporations in 2025 following peak levels seen in previous years, according to a report from the agency.

  • March 31, 2026

    IRS Can Collect $371M From Convicted Ex-Atty, 7th Circ. Says

    The Internal Revenue Service can assess and collect restitution against a former attorney who served prison time in connection with $7 billion in tax fraud, making the amount immediately due and payable, the Seventh Circuit ruled, saying it was the first circuit court to address the issue.

Expert Analysis

  • Cannabis Industry Faces An Inflection Point This Year

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    Cannabis industry developments last year — from the passage of a new wholesale tax in Michigan, to an executive order accelerating the federal rescheduling process — presage a more mature phase of legalization this year, with hardening expectations and enforcement to come, says Alex Leonowicz at Howard & Howard.

  • 4 Ways GCs Can Manage Growing Service Of Process Volume

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    As automation and arbitration increase the volume of legal filings, in-house counsel must build scalable service of process systems that strengthen corporate governance and manage risk in real time, says Paul Mathews at Corporation Service Co.

  • The Law Firm Merger Diaries: Forming Measurable Ties

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    Relationship-building should begin as early as possible in a law firm merger, as intentional pathways to bringing people together drive collaboration, positive client response, engagements and growth, says Amie Colby at Troutman.

  • 3 Key Takeaways From Planned Rescheduling Of Cannabis

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    An executive order reviving cannabis rescheduling represents a monumental change for the industry and, while the substance will remain illegal at the federal level, introduces several benefits, including improving state-legal cannabis operators' tax treatment, lowering the industry's legal risk profile, and leaving state-regulated markets largely intact, say attorneys at Dentons.

  • OFAC Sanctions Will Intensify Amid Global Tensions In 2026

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    The Office of Foreign Assets Control will ramp up its targeting of companies in the private equity, venture capital, real estate and legal markets in 2026, in keeping with the aggressive foreign policy approach embraced by the Trump administration in 2025, say attorneys at Holland & Knight.

  • 5 E-Discovery Predictions For 2026 And Beyond

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    2026 will likely be shaped by issues ranging from artificial intelligence regulatory turbulence to potential evidence rule changes, and e-discovery professionals will need to understand how to effectively guide the responsible and defensible adoption of emerging tools, while also ensuring effective safeguards, say attorneys at Littler.

  • Judges On AI: How Courts Can Boost Access To Justice

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    Arizona Court of Appeals Judge Samuel A. Thumma writes that generative artificial intelligence tools offer a profound opportunity to enhance access to justice and engender public confidence in courts’ use of technology, and judges can seize this opportunity in five key ways.

  • Examining Privilege In Dual-Purpose Workplace Investigations

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    The Sixth Circuit's recent holding in FirstEnergy's bribery probe ruling that attorney-client privilege applied to a dual-purpose workplace investigation because its primary purpose was obtaining legal advice highlights the uncertainty companies face as federal circuit courts remain split on the appropriate test, say attorneys at Proskauer.

  • Hot Topics For Family Offices In 2026

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    For family offices, the throughline of 2026 is disciplined readiness, as navigating impact from the One Big Beautiful Bill Act and platform maturation will be necessary to preserve flexibility and enhance client outcomes, say attorneys at Morgan Lewis.

  • The Case For Emulating, Not Dividing, The Ninth Circuit

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    Champions for improved judicial administration should reject the unfounded criticisms driving recent Senate proposals to divide the Ninth Circuit and instead seek to replicate the court's unique strengths and successes, says Ninth Circuit Judge J. Clifford Wallace.

  • How Changes At The IRS Will Affect Tax Controversy In 2026

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    Taxpayers will need to adjust approaches to dealing with the IRS in 2026, as the agency is likely to shift its audit strategies and increases reliance on technology following the significant reductions in funding and personnel last year, say attorneys at Crowell & Moring.

  • 5 Tariff And Trade Developments To Watch In 2026

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    A new trade landscape emerged in 2025, the contours of which will be further defined by developments that will merit close attention this year, including a key ruling from the U.S. Supreme Court and a review of the U.S.-Mexico-Canada Agreement, says Ted Posner at Baker Botts.

  • 4 Developments That Defined The 2025 Ethics Landscape

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    The legal profession spent 2025 at the edge of its ethical comfort zone as courts, firms and regulators confronted how fast-moving technologies and new business models collide with long-standing professional duties, signaling that the profession is entering a period of sustained disruption that will continue into 2026, says Hilary Gerzhoy at HWG Law.

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