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June 23, 2026
AI Not Ripe For Int'l Tax Discussions, US Official Says
Broadening discussions on international tax rules for the digital economy to include artificial intelligence would be a mistake, a U.S. official said Tuesday, adding that governments at the OECD continue to struggle with business models that have been around for decades.
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June 23, 2026
Investors Say Franklin's Putnam Unit Overvalued Funds
Franklin Templeton's Putnam Funds failed to disclose accounting practices that led to inflated net asset value calculations and saddled investors with higher costs, according to a proposed $100 million class action filed in Massachusetts state court.
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June 23, 2026
Judge Who Denied Goldstein Retrial Says It Wasn't Close Case
A Maryland federal judge has elaborated on her decision to deny SCOTUSblog founder Tom Goldstein's bid for an acquittal or new trial, saying that the evidence presented at trial either supersedes or invalidates his claims of issues with jury instructions and insufficient or excluded evidence.
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June 23, 2026
Foreign Gov't Investment Tax Rule Is Unrealistic, ABA Says
The American Bar Association's tax section urged the U.S. Treasury Department to revise guidance regarding foreign sovereign wealth fund investment in the U.S., contending that an existing bright-line rule to determine passive investors fails to reflect market realities.
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June 23, 2026
Justices Say Mich. Tax Sale Allowed Under Constitution
A Michigan county did not violate the U.S. Constitution when it took the title of a home over a tax debt, then sold the home at a low price and refunded only that amount to the homeowner, the U.S. Supreme Court ruled Tuesday, agreeing with the Sixth Circuit on merits but remanding the case back to that court to address procedural questions.
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June 22, 2026
Tax Certainty Generates Virtuous Cycles, Tax Exec Says
Companies will be willing to invest more in jurisdictions where they are certain of their tax treatment, generating more jobs and growth, a tax official from Anheuser-Busch InBev SA/NV said at a conference Monday in discussing mechanisms for preventing tax disputes.
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June 22, 2026
US Fields Questions On Temporary Global Tariff At WTO
A World Trade Organization committee held a meeting Monday to exchange views on President Donald Trump's temporary global tariff set to expire in July, according to a news release.
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June 22, 2026
IRS Should Improve Inquiry Referral Process, TIGTA Says
The Internal Revenue Service should improve its taxpayer inquiry referral process to require customer service representatives to document information about taxpayer cases, the Treasury Inspector General for Tax Administration said in a report released Monday.
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June 22, 2026
Justices Turn Away Push For Jury Trials In Tax Penalty Cases
The U.S. Supreme Court won't consider whether the Internal Revenue Service violated several taxpayers' rights to jury trials when it imposed $30 million in tax fraud-related penalties, the justices said Monday, upholding an appellate court's order rejecting their bids for U.S. Tax Court trials.
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June 22, 2026
US Has 'Strong Interest' In Ongoing Pillar 2 Work, Official Says
A U.S. Treasury Department official signaled plans Monday to keep participating in technical talks for implementing a worldwide corporate 15% minimum tax agreement known as Pillar Two, saying the regime will still impact U.S. companies despite a side-by-side safe harbor.
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June 22, 2026
Tax Court Gives Spousal Relief To Wife In Abuse-Tainted Case
A New York woman is not liable for tax deficiencies stemming from a 2016 joint return she cosigned with her abusive husband, who had understated income from a business in which they both held ownership interests, the U.S. Tax Court ruled Monday.
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June 22, 2026
Justices Won't Review Dispute Over Tax Fraud Deadline
The U.S. Supreme Court declined on Monday to review a woman's challenge against the Internal Revenue Service over the period in which the agency can assess taxes on a taxpayer when a fraudulent third party triggers the liability.
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June 22, 2026
Irish Payments Show IP Returning To US, Tax Pro Says
Ireland's payments to the U.S. for intellectual property showed a dramatic increase between 2020 and 2026, indicating that IP development returned to the U.S. after the implementation of the 2017 Tax Cuts and Jobs Act, the head of a Washington-based think tank said Monday.
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June 22, 2026
No Need For Promises That $1.8B Fund Is Dead, DOJ Says
The U.S. Department of Justice refused to file a declaration stating it won't create a $1.8 billion settlement fund as part of the deal to close President Donald Trump's tax leak suit against the Internal Revenue Service, telling a Virginia federal judge it is "unnecessary."
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June 22, 2026
High Court Won't Wade Into Fight Over CBA Leave Provision
The U.S. Supreme Court on Monday turned down a Minnesota teachers union local's bid for review of an Eighth Circuit decision that revived a taxpayer challenge to a collective bargaining agreement's policy letting workers take paid time off to work for their union.
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June 18, 2026
Comedian Carlos Mencia Charged In Calif. Tax Evasion Case
Comedian Carlos Mencia is facing felony tax evasion charges after California prosecutors say he failed to report $8.7 million in personal and corporate income, the Los Angeles County District Attorney's Office announced Thursday.
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June 18, 2026
IRS Sets Transitional Rules For Opportunity Zone Perks
The IRS has released transitional guidance for tax benefits tied to opportunity zone investments, providing rules such as when to defer the tax on the capital gains, while the agency works on formal proposed regulations aligning with the 2025 budget law's changes to the incentives.
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June 18, 2026
Meta Says IRS Seeks 'Do-Over' Of Facebook Case
The IRS, in increasing Meta's income under the periodic adjustment rule for years 2017-2019, is seeking a "do-over" of the Facebook case decided in 2025, valuing the same intangibles the U.S. Tax Court already valued under a different method, Meta argued.
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June 18, 2026
Weekly Internal Revenue Bulletin
The Internal Revenue Service's weekly bulletin, issued Thursday, included plans to issue proposed guidance on the expanded 21% excise tax on excess compensation at tax-exempt organizations.
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June 18, 2026
Medtronic Ruling Supports IRS In Amgen Case, Tax Court Told
The IRS urged the U.S. Tax Court to back the agency's decision to allocate drugmaker Amgen's profits from the company's Puerto Rican subsidiary, arguing that the Eighth Circuit's ruling in Medtronic's case supports its pricing method.
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June 18, 2026
IRS Should Analyze Chatbot Applications, TIGTA Says
The IRS should develop a process to gauge the accuracy of its automated collection service chat applications, the Treasury Inspector General for Tax Administration said in a report released Thursday.
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June 18, 2026
Trump Accounts Not Subject To ERISA, DOL Says
Trump accounts, the new tax-advantaged brokerage accounts for newborns, will generally not be considered employee pension benefit plans and will not be subject to federal benefits laws, according to guidance issued Thursday by the U.S. Department of Labor.
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June 17, 2026
DOJ's Pot Shift Leaves Key Questions For Cannabis Industry
The Trump administration's recent moves to relax federal restrictions on marijuana through the administrative process will have unclear ramifications for all industry players unless Congress steps in to rewrite cannabis law, attorneys heard Wednesday.
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June 17, 2026
Tax Court Won't Rethink Basis Ruling Against Partnership
A U.S. Tax Court judge said Wednesday that he won't reconsider his ruling that a company electing to be treated as a disregarded entity and attempting to pay for interest in a partnership with a promissory note from its parent can't claim a basis in the partnership.
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June 17, 2026
Tax Court Trims In-Home Care Owner's $10.3M Bill
The owner of a New Orleans business that provides in-home care services convinced a U.S. Tax Court judge Wednesday to trim some of an over $10.3 million tax deficiency she accrued due to not filing returns for three years.
Expert Analysis
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4 Ways GCs Can Manage Growing Service Of Process Volume
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.
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The Law Firm Merger Diaries: Forming Measurable Ties
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.
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3 Key Takeaways From Planned Rescheduling Of Cannabis
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.
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OFAC Sanctions Will Intensify Amid Global Tensions In 2026
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.
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5 E-Discovery Predictions For 2026 And Beyond
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.
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Judges On AI: How Courts Can Boost Access To Justice
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.
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Examining Privilege In Dual-Purpose Workplace Investigations
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.
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Hot Topics For Family Offices In 2026
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.
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The Case For Emulating, Not Dividing, The Ninth Circuit
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.
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How Changes At The IRS Will Affect Tax Controversy In 2026
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.
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5 Tariff And Trade Developments To Watch In 2026
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.
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4 Developments That Defined The 2025 Ethics Landscape
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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How Fractional GCs Can Manage Risks Of Engagement
As more organizations eliminate their in-house legal departments in favor of outsourcing legal work, fractional general counsel roles offer practitioners an engaging and flexible way to practice at a high level, but they can also present legal, ethical and operational risks that must be proactively managed, say attorneys at Boies Schiller.