Federal

  • September 10, 2025

    The Tax Angle: New Extenders, Housing Credits

    From a look at the new tax extenders included in the Republican Party's budget reconciliation law and the law's expanded housing tax credit, here's a peek into a reporter's notebook on a few developing tax stories.

  • September 10, 2025

    Too Many Credits Taken For Electric Car, Tax Court Says

    A California couple who claimed a one-time tax credit for their electric car for several years owe $7,500 in taxes for one of the years when they were not entitled to it, the U.S. Tax Court said in a ruling Wednesday.

  • September 10, 2025

    Wanted Doctor Owes Taxes, Fraud Penalties, Tax Court Says

    A physician wanted for arrest in Arizona on tax evasion charges owes more than $300,000 in taxes plus civil fraud penalties after he failed to respond to a government suit seeking a judgment on the debt, the U.S. Tax Court ruled Wednesday.

  • September 10, 2025

    Widow Must Repay IRS Refund Interest, US Tells 4th Circ.

    An 80-year-old widow whose husband was imprisoned after hiding more than $20 million from the IRS should have to pay the agency millions of dollars for interest it mistakenly refunded the couple but which they never repaid, the U.S. government told the Fourth Circuit on Wednesday.

  • September 10, 2025

    Schenck Price Adds Int'l Tax Pro In NJ From Solo Shop

    Schenck Price Smith & King LLP expanded its international tax group this week with the addition of an expert in tax planning for both inbound and outbound companies, institutional investors and investment funds.

  • September 10, 2025

    Prison Term Delayed For Former CEO Who Didn't Pay Taxes

    A former software executive slated to start his prison sentence for failing to pay employment taxes was allowed by a North Carolina federal judge Wednesday to push the date back a second time to have medical operations, including one the government described as elective.

  • September 10, 2025

    Texas Chem Site's Ex-Director Faces $1.8M Tax Liability Suit

    The former director of a Texas chemical storage facility owes nearly $1.8 million in taxes, the U.S. government told a Florida federal court, alleging that he is personally liable for the tax debt tied to the 2004 sale of the company's assets.

  • September 10, 2025

    Kirkland Adds Fintech Regulatory Partner From McDermott

    Kirkland & Ellis LLP has enhanced its fintech regulatory compliance capabilities in New York with the addition of an experienced corporate partner who joins the firm from McDermott Will & Schulte.

  • September 09, 2025

    Trump's Latest Tariff EO Offers Some Relief, But No Certainty

    President Donald Trump's latest tariff executive order essentially creates an exclusion process for many goods not readily available in the U.S. if the exporter countries enter trade agreements with the U.S., a strategic shift cautiously welcomed by importers even as they still seek certainty for their supply chains.

  • September 09, 2025

    IRS Ordered To Notify Court Of ICE Info-Sharing Requests

    A D.C. federal judge in a series of orders Friday and Tuesday said the IRS must notify the court within 24 hours of receiving a request from immigration authorities for taxpayer information and hand over administrative records while the court considers a request to stop the intergovernmental data sharing.

  • September 09, 2025

    Tariffs Will Push 875K Americans Into Poverty, Yale Says

    President Donald Trump's tariffs are expected to push up to 875,000 people into poverty this year based on the U.S. Census Bureau's system of measurement, Yale University researchers reported Tuesday, noting that the total is equivalent to 0.3% of the population.

  • September 09, 2025

    BDO Seeks To Ditch Bulk Of Ex-Partner's $75M Bias Suit

    Accounting firm BDO sought to fend off most of the claims in a $75 million discrimination suit brought by a former tax partner who took leave when her son had a stroke, telling a New York federal court she was not an employee protected by the laws she says the firm violated.

  • September 09, 2025

    Lobbyist Calls On IRS To Ax Microcaptive Tax Abuse Rule

    The U.S. Treasury Department should rescind an Internal Revenue Service rule aimed at cracking down on tax abuse with microcaptive insurance arrangements because it exceeds the agency's authority, a registered lobbyist from Barnes & Thornburg LLP said in a letter released Tuesday.

  • September 09, 2025

    Justices Grant Fast-Track Review For Trump Tariff Suit

    The U.S. Supreme Court will fast-track its consideration of the government's appeal of a Federal Circuit ruling that President Donald Trump's tariffs under the International Emergency Economic Powers Act are unlawful, according to a Tuesday order.

  • September 09, 2025

    Treasury Urged To Make Small Crypto Rewards Tax-Free

    The U.S. Treasury Department and IRS should alter guidance so that gains or losses below $200 from cryptocurrency transactions such as mining rewards aren't required to be reported as taxable income upon receipt, a bitcoin advocacy group said in a letter published Tuesday by the department.

  • September 09, 2025

    Woman Says IRS Error Is Endangering Her Passport, Finances

    A Puerto Rico taxpayer is facing financial uncertainty and possible travel limitations after an unresolved IRS clerical error falsely assessed her employer's tax liabilities against her, she said in a suit filed in federal court in San Juan.

  • September 09, 2025

    DOJ Investigating Energy Co.'s Sales Of Tribal Tax Credits

    An energy company accused of selling fraudulent tax shelters marketed as tribal tax credits is being investigated by the U.S. Department of Justice and the Internal Revenue Service, the top Democrat on the Senate Finance Committee said in a letter obtained by Law360 on Tuesday.

  • September 09, 2025

    Court Urged To Deny Bid To Block Captive Reporting Rules

    A Texas federal court should deny an injunction to a Texas plastics company seeking to stop the IRS from flagging microcaptive insurance plans as potentially abusive tax avoidance schemes, the U.S. argued, saying the public could lose millions of tax dollars on illegitimate transactions.

  • September 09, 2025

    States Urge Justices To Quickly Rule Against Trump's Tariffs

    The U.S. Supreme Court should quickly consider the appeal of the Federal Circuit's ruling that President Donald Trump's emergency tariffs are unlawful and affirm that the International Emergency Economic Powers Act doesn't provide the authority to impose duties, the states challenging the measures told the justices this week.

  • September 08, 2025

    Calif. Says Defunct SVB Owes State Over $76M In Taxes

    The former parent company of Silicon Valley Bank owes the state of California upward of $76 million in taxes on income from a portfolio of securities for years leading up to the bank's failure, a state taxing authority told a New York bankruptcy court.

  • September 08, 2025

    New $25M Vanguard Investor Tax Case Deal Gets Initial OK

    A $25 million settlement of a class action accusing Vanguard of improperly triggering an asset sell-off that saddled investors with steep tax bills received preliminary approval Monday, according to an order in Pennsylvania federal court, after a $40 million deal was rejected in May.

  • September 08, 2025

    Former Skadden Atty Moves Tax Practice To Simpson Thacher

    Simpson Thacher & Bartlett LLP has deepened its transactional resources in the New York office with the recent addition of an attorney who moved his practice from Skadden Arps Slate Meagher & Flom LLP after 15 years.

  • September 08, 2025

    Senior Int'l Tax Official At IRS To Join Baker McKenzie

    A 15-year veteran of the Internal Revenue Service, who recently served as acting commissioner of the Large Business & International Division, will join Baker McKenzie's tax practice in Washington, D.C., later this month, the firm said Monday.

  • September 08, 2025

    Bessent Says US Will Refund Revenue If Justices Nix Tariffs

    If the U.S. Supreme Court decides President Donald Trump lacked authority to impose tariffs under the International Emergency Economic Powers Act, the U.S. government will refund revenue it has collected with tariffs under that law, Treasury Secretary Scott Bessent said.

  • September 08, 2025

    9th Circ. Backs Trump Donor's Tax, Foreign Agent Convictions

    A venture capitalist whose 12-year prison term for evading taxes and making illegal campaign contributions through foreign clients was commuted by President Donald Trump did not plead guilty to the crimes involuntarily, the Ninth Circuit found in affirming his convictions, rejecting his claim that his attorney hid information from him.

Expert Analysis

  • When US Privilege Law Applies To Docs Made Outside The US

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    As globalization manifests itself in disputes over foreign-created documents, a California federal court’s recent trademark decision illustrates nuances of both U.S. privilege frameworks and foreign evidentiary protections that attorneys must increasingly bear in mind, say attorneys at Hunton.

  • Impact Of Corporate Transparency Act Ambiguity On Banks

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    Even though banks generally needn't file beneficial ownership information reports, financial institutions must continue to monitor the status of the Corporate Transparency Act and understand its requirements in case the nationwide injunction that was issued against the CTA earlier this month is overturned, say attorneys at Armstrong Teasdale.

  • 6 Changes I Would Make If I Ran A Law School

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    Reuben Guttman at Guttman Buschner identifies several key issues plaguing law schools and discusses potential solutions, such as opting out of the rankings game and mandating courses in basic writing skills.

  • Firms Still Have The Edge In Lateral Hiring, But Buyer Beware

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    Partner mobility data suggests that the third quarter of this year continued to be a buyer’s market, with the average candidate demanding less compensation for a larger book of business — but moving into the fourth quarter, firms should slow down their hiring process to minimize risks, say officers at Decipher Investigative Intelligence.

  • Congress Should Expand Investment Options For 403(b)s

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    Lawmakers should pass pending legislation to give 403(b) plan participants access to collective investment trusts, leveling the playing field for public sector retirement investors by giving them an investment option their private sector counterparts have had for decades, says Jason Levy at Great Gray Trust Company.

  • Think Like A Lawyer: 1 Type Of Case Complexity Stands Out

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    In contrast to some cases that appear complex due to voluminous evidence or esoteric subject matter, a different kind of complexity involves tangled legal and factual questions, each with a range of possible outcomes, which require a “sliding scale” approach instead of syllogistic reasoning, says Luke Andrews at Poole Huffman.

  • Think Like A Lawyer: Note 3 Simple Types Of Legal Complexity

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    Cases can appear complex for several reasons — due to the number of issues, the volume of factual and evidentiary sources, and the sophistication of those sources — but the same basic technique can help lawyers tame their arguments into a simple and persuasive message, says Luke Andrews at Poole Huffman.

  • Gardening Makes Me A Better Lawyer

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    Beyond its practical and therapeutic benefits, gardening has bolstered important attributes that also apply to my litigation practice, including persistence, patience, grit and authenticity, says Christopher Viceconte at Gibbons.

  • Litigation Inspiration: Reframing Document Review

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    For attorneys — new ones especially — there is much fulfillment to find in document review by reflecting on how important, interesting and pleasant it can be, says Bennett Rawicki at Hilgers Graben.

  • Rank-And-File DOJ Attorneys Will Keep Calm And Carry On

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    Career prosecutors at the U.S. Department of Justice often pride themselves on their ability to remain apolitical in order to ensure consistency and keep the department’s mission afloat, and the incoming Trump administration is unlikely to upend this tradition, says Michael Landman at Bird Marella.

  • What Higher Education Can Expect From A 2nd Trump Admin

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    The election of Donald Trump for a second presidential term has far-reaching ramifications for colleges and universities — come January, institutions can expect a crackdown on DEI, increased scrutiny of campus protests, a rollback of the Biden administration's Title IX rules and more, say attorneys at Jenner & Block.

  • 3 Ways To Train Junior Lawyers In 30 Minutes Or Less

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    Today’s junior lawyers are experiencing a skills gap due to pandemic-era disruptions, but firms can help bring them up to speed by offering high-impact skill building content in bite-sized, interactive training sessions, say Stacey Schwartz at Katten, Diane Costigan at Winston & Strawn and Lauren Tierney at Freshfields.

  • Expect Surging Oil And Gas Industry Under New Trump Admin

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    Throughout his recent campaign, President-elect Donald Trump promised increased oil and natural gas production and reduced reliance on renewables — and his administration will likely bring more oil and gas dealmaking, faster federal permitting and attempts to roll back incentives for green energy, say attorneys at Sidley.

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