Featured Stories

5 Employee Benefits Takeaways On The GOP Tax Bill

Congressional Republicans' sweeping tax and policy bill, which President Donald Trump sought and then signed, cont... (more story)

Nashville Owners Must Face The Music As Tax Burden Surges

Property owners in Nashville are facing greater tax burdens in light of a recent jump in property valuations. Burr... (more story)

Trump Order On Solar, Wind Credits Puts Industry On Heels

President Donald Trump threw a curveball to the energy industry by ordering the U.S. Department of the Treasury to... (more story)

Federal More

6th Circ. Denies Ohio Dentist's Life Insurance Tax Deductions

An Ohio dentist cannot deduct his life insurance premiums that he intended to potentially donate to a zoo, the Sixth Circuit ruled, saying the arrangement was taxable under 2003 regulations governing policies ... (more story)

Feds Want Cheesesteak Shop Owner's Tax Sentence Restored

Prosecutors urged a Pennsylvania federal judge to reimpose a nearly two-year sentence on a Philadelphia cheesesteak shop owner who was convicted of paying employees off the books, a request that comes two mont... (more story)

IRS Leaker Fairly Sentenced To 5 Years, Gov't Tells DC Circ.

The judge who sentenced an IRS contractor for leaking thousands of wealthy people's tax returns to the media, including those of President Donald Trump, kept an open mind when she decided to deliver the maximu... (more story)

Texas Judge Partially Voids DOL's ERISA Rollover Rule

A Texas federal judge partially invalidated an investment advice regulation from President Donald Trump's first administration involving employee retirement savings and rollover transactions, ruling the U.S. D... (more story)

Trump Slaps Brazil With 50% Tariff, Cites Bolsonaro Trial

President Donald Trump said Wednesday that Brazilian goods sent to the U.S. can expect a 50% tariff starting in August, saying that the increased levy was in part due to Brazil's charges against its former pre... (more story)

Honduran Woman Gets 21 Months In Prison For Payroll Fraud

A Florida federal judge sentenced a Honduran woman to nearly two years in prison after she pled guilty to charges in a scheme to pay construction workers off the books to avoid paying payroll taxes and workers... (more story)

Metals Co. Owner Sentenced To Prison For $1.2M Tax Fraud

The owner of a metal-coating business was sentenced to a year and a day in prison by a California federal court and must pay $1.2 million in restitution to the IRS after he admitted he failed to pay over taxes... (more story)

State & Local More

Pa. Sens. Unveil Bipartisan Plan To Legalize Marijuana

Pennsylvania lawmakers on Thursday unveiled a new bipartisan legislative proposal to legalize and regulate the sale of recreational marijuana in the Keystone State, after a previous proposal to legalize the sa... (more story)

Georgia Banking Brief: All The Notable Legal Updates In Q2

The second quarter brought a number of significant legislative and regulatory changes for Georgia banking, including an extension of the intangibles tax exemption for short-term notes, modernization of routine... (more story)

Pacific Life Calls $11M Florida Income Tax Unconstitutional

Pacific Life Insurance Co. asked a Florida court to void a $10.7 million income tax assessment on its sale of interest in an aircraft financing and leasing group, saying the state's tax agency incorrectly clas... (more story)

Colorado Activists Pitch Fee-Limiting Ballot Measures

Colorado would modify its Taxpayer's Bill of Rights to require voter approval of certain fee increases that fund similar purposes under a group of proposed ballot initiatives submitted to the state Legislative Council.

Fund Servicer Contests Fla. Income Allocation In $10M Case

A company that services mutual funds asked a Florida state court to negate a $10 million income tax assessment, arguing that the state applied the wrong sourcing rules and taxed receipts that shouldn't be sour... (more story)

Calif. Court Says Utility Property Can Be Taxed At Higher Rate

AT&T unit Pacific Bell and other telecommunication companies can be taxed at a different property tax rate because the state statute and legal precedent allows utilities to be taxed at different rates, a Calif... (more story)

5 Years Ago, The McGirt Ruling Reshaped Tribal Jurisdiction

It was widely held for decades that Oklahoma had domain over criminal matters on tribal lands, but five years ago, the U.S. Supreme Court turned that regime on its head, finding 19th century federal treaties w... (more story)

Baker McKenzie Rehires Int'l Tax Pro As Principal Economist

Baker McKenzie's former director of economics, who spent more than 15 years as an IRS assistant director in a division that focuses on cross-border tax issues, has rejoined the firm after working with EY.

Kansas Extends STAR Bonds To Continue Chiefs, Royals Talks

Kansas lawmakers have approved a one-year extension of the state's Sales Tax and Revenue bonds while the Missouri-based Kansas City Chiefs and Kansas City Royals continue talks with officials about migrating to Kansas.

International More

14 Arrested Over Suspected Phishing-Tied Tax Fraud Scheme

Fourteen people have been arrested as part of an international investigation into a large-scale tax fraud operation that used personal data stolen in phishing attacks, the U.K. tax authority announced on Thursday.

Firm Denies Giving Ex-Pandora Chief Negligent Tax Advice

A law firm has denied giving former Pandora boss Peter Andersen negligent tax advice that saddled him and the jeweler with a £3.3 million ($4.5 million) tax bill because of Andersen's pension trust.

EU Prosecutors Detain 8 Individuals In €68M VAT Fraud Probe

European Union prosecutors revealed Thursday that they have detained eight people in Spain for their alleged involvement in a €68 million ($80 million) value-added tax fraud linked to alcohol imported from oth... (more story)

Trump Declares 50% Copper Tariff, Floats 200% Pharma Tariff

President Donald Trump announced Tuesday that he will impose a new 50% tariff on copper imported into the U.S., while also raising the possibility of imposing a 200% tariff on pharmaceuticals.

ABA Opinion Makes It A Bit Easier To Drop A 'Hot Potato'

The American Bar Association's recent ethics opinion clarifies when attorneys may terminate clients without good cause, though courts may still disqualify a lawyer who drops a client like a hot potato, so send... (more story)

Wis. Rep. Pushes 2 Bills To Counter EU's Tech, ESG Rules

A Republican U.S. House representative recently introduced two pieces of legislation over European Union regulations the congressman has deemed to be burdensome to U.S. companies, according to a recent announc... (more story)

Can Companies Add Tariffs Back To Earnings Calculations?

With the recent and continually evolving tariffs announced by the Trump administration, John Ryan at King & Spalding takes a detailed look at whether those new tariffs can be added back in calculating earnings... (more story)