Federal

  • April 14, 2025

    Treasury, DOGE Scrap 9 IRS Guidance Docs As Unnecessary

    The White House's Department of Government Efficiency cut nine IRS guidance documents Monday that it said were unnecessary because they were obsolete, outdated or covered by other rules and regulations, including one related to a topic addressed by the Tax Cuts and Jobs Act.

  • April 14, 2025

    DOJ Resists Airing Full ICE Pact On Taxpayer Data Sharing

    The U.S. government objected Monday to releasing an unredacted copy of a tax-information-sharing agreement between the IRS and immigration enforcement agencies sought by groups seeking to block the disclosure, telling a D.C. federal court that it would reveal sensitive information and law enforcement techniques.

  • April 14, 2025

    IRS Delays Tax Deadlines For Tenn., Ark. After Storms

    Taxpayers in Tennessee and Arkansas will have until Nov. 3 to file individual and business tax returns and make payments after the states were hit by severe storms and tornadoes this month, the Internal Revenue Service said Monday.

  • April 14, 2025

    Property Trustees Settle $1M Refund Dispute With IRS

    Trustees of a California property and the IRS agreed to settle a nearly $1 million tax refund dispute over whether the property was being used for business and whether the trust was therefore allowed to carry back operating losses generated in 2017 and 2018.

  • April 14, 2025

    IRS Cancels Hearing On Commercial Green Vehicle Credits

    The Internal Revenue Service on Monday canceled a hearing scheduled for April 28 on proposed rules for obtaining tax credits for commercial green vehicles under provisions of the Inflation Reduction Act.

  • April 11, 2025

    IRS Waives Penalties For Some Late Microcaptive Disclosures

    Certain participants in reportable microcaptive insurance transactions will have penalties waived in cases where they fail to file required disclosure statements due April 14, so long as they file them by July 31, the Internal Revenue Service said Friday.

  • April 11, 2025

    Feds Seek Release Of Informant Who Falsely Accused Bidens

    California federal prosecutors are seeking the release of a former FBI informant who is serving a six-year prison sentence for falsely telling agents that former President Joe Biden and his son Hunter Biden had accepted bribes from a Ukrainian energy company.

  • April 11, 2025

    Family Should Face Charges In $81M Tax Scheme, US Says

    The U.S. government urged a New York federal court not to trim its complaint against the former shareholders of a family holding company accused of participating in an $81 million tax scheme, saying the family illegally avoided paying capital gains on its sale of the company.

  • April 11, 2025

    NFT Owner Admits To Dodging Tax On Crypto Art Sales

    A Pennsylvania man pled guilty to filing false tax returns and underreporting his income by $13.1 million after selling 97 nonfungible token artworks, federal prosecutors said Friday.

  • April 11, 2025

    Trump Tariffs Will Hurt US Worse Than EU, Bloc Official Says

    The wide-ranging tariffs imposed by President Donald Trump's administration, including those that were recently paused for 90 days, will harm the U.S. worse than the European Union, the bloc's economic commissioner said Friday.

  • April 11, 2025

    Nursing Home Owner Gets 3 Years For $39M Tax Fraud

    A New Jersey federal judge sentenced a nursing home operator to three years in prison for a $39 million employment tax fraud scheme involving care centers he owned across the country, a term three times as long as what prosecutors had requested.

  • April 11, 2025

    Taxation With Representation: Norton Rose, Ropes & Gray

    In this week's Taxation With Representation, Capri Holdings sells Versace to Prada, Woodside Energy sells a liquefied natural gas terminal stake to Stonepeak, crypto infrastructure firm Ripple acquires prime brokerage platform Hidden Road, and Bain Capital takes a stake in Lincoln Financial.

  • April 11, 2025

    More Than A Dozen Firms Aided Largest Q1 Real Estate Deals

    Over a dozen law firms helped with the 10 largest real estate merger and acquisition deals in the first quarter, the majority of which were above the $1 billion mark.

  • April 11, 2025

    Weekly Internal Revenue Bulletin

    The Internal Revenue Service's weekly bulletin, issued Friday, included resident populations for determining the state housing credit ceiling for 2025.

  • April 10, 2025

    Immigration Groups Seek Unredacted Tax Data-Sharing Pact

    Immigration advocates trying to block the Internal Revenue Service from disclosing taxpayers' information to the U.S. Department of Homeland Security and other agencies urged a D.C. federal court on Thursday to require the Justice Department to hand over an unredacted version of a government agreement to share the confidential data.

  • April 10, 2025

    Calif. Rep's Bill Would Shield Farmers From Retaliatory Tariffs

    A California congressman on Thursday introduced a bill in the U.S. House aiming to curb the authority of President Donald Trump to impose new or additional duties on agricultural products from countries that are major agricultural trade partners with the United States.

  • April 10, 2025

    Exec Facing Tax Evasion Charges To Remain In Custody

    An aerospace company founder facing tax evasion and other fraud charges will remain in pretrial detention because he's considered a major flight risk, a D.C. federal court ruled.

  • April 10, 2025

    Reps Intro Bill To Cap Conservation Easement Protections

    Two Republican congresswomen have introduced a bill that would put a 30-year cap on conservation easements entered into by the U.S. Department of the Interior, saying the agreements shouldn't be allowed to hamstring future generations of landowners.

  • April 10, 2025

    Tax Court OKs Nix Of Deduction For Funds Seized After Bribe

    An Ohio man can't claim a loss for the $856,000 seized from his corporation after he pled guilty to his role in a bribery scheme, the U.S. Tax Court said Thursday, affirming the Internal Revenue Service's disallowance because the loss was due to a criminal penalty.

  • April 10, 2025

    Senate Bill Would End Declared Emergency Behind Tariffs

    A bill introduced Thursday in the Senate would end the national emergency declared by President Donald Trump to underpin the global tariff regime he unveiled last week, with Sens. Rand Paul, R-Ky., Ron Wyden, D-Ore., and Chuck Schumer, D-N.Y., among the sponsors.

  • April 10, 2025

    Tax Court Allows Deduction For Arrest Injury Settlement

    Part of a man's $35,000 settlement payment from a Massachusetts town following his claim that he was hurt during his arrest and incarceration on charges of domestic assault is deductible as damages paid for physical injuries, the U.S. Tax Court said Thursday.

  • April 10, 2025

    Trump's Int'l Trade Pick Says Tech Deals Sought In Tariff Talks

    President Donald Trump could look to prioritize and coordinate tech investments with countries approaching the U.S. to strike a deal to avoid higher tariff rates currently suspended, Trump's pick to lead international trade at the U.S. Department of Commerce said Thursday.

  • April 10, 2025

    Trump Treasury Pick Defends Favorable Tax Cut Rating

    President Donald Trump's pick for assistant Treasury secretary for tax policy defended the use of a favorable way to determine how much it would cost to make the 2017 Tax Cuts and Jobs Act permanent, saying Thursday it was consistent with the scoring of other budget bills.

  • April 10, 2025

    IRS-ICE Deal Could Cost $25B In Tax Revenue, Report Says

    The Internal Revenue Service's agreement to share the taxpayer records of certain non-U.S. citizens with immigration enforcement authorities could lead to a $25 billion loss in tax revenue in 2026, according to research from Yale University.

  • April 10, 2025

    Sullivan & Worcester Hires Fried Frank REIT Tax Pro

    Sullivan & Worcester LLP announced Thursday that it has hired a Fried Frank Harris Shriver & Jacobson LLP partner, noting that the attorney comes to the firm with deep real estate investment trust tax expertise.

Expert Analysis

  • 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.

  • The Bar Needs More Clarity On The Discovery Objection Rule

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    Almost 10 years after Federal Rule of Civil Procedure 34 was amended, attorneys still seem confused about what they should include in objections to discovery requests, and until the rules committee provides additional clarity, practitioners must beware the steep costs of noncompliance, says Tristan Ellis at Shanies Law Office.

  • Cos. Should Inventory Issues To Prep For New Congress

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    As the legislative and oversight agendas of the 119th Congress come into sharper focus, corporate counsel should assess and plan for areas of potential oversight risk — from tax policy changes to supply chain integrity — even as much uncertainty remains, say attorneys at WilmerHale.

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