Federal
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June 28, 2025
GOP Senators Pursue Vote On Wide-Ranging Budget Bill
The Senate was gearing up Saturday to vote on a sweeping Republican budget resolution that would permanently renew expiring tax rates and business breaks, dismantle dozens of clean energy incentives and slash healthcare spending.
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June 27, 2025
Crypto Co. CEO Sued Over Alleged Sex Assault, Retaliation
The CEO of blockchain platform Mask Network has been hit with a suit in New Jersey federal court from a former employee at his affiliated payroll company alleging he sexually assaulted her during a work trip, fired her after she raised concerns about millions in unreported cryptocurrency transactions, and withdrew sponsorship of her U.S. green card.
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June 27, 2025
Senate Parliamentarian Cuts Key Tax Provisions In Budget
The Senate parliamentarian blocked key tax, healthcare and other provisions in the GOP's $3.8 trillion budget plan from qualifying for filibuster-proof votes on the Senate floor Friday, prompting Senate lawmakers to huddle with her behind closed doors into the evening.
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June 27, 2025
Trump Ends Canada Trade Talks Over Digital Services Tax
The U.S. is ending trade negotiations with Canada because of the country's digital services tax, President Donald Trump said Friday, days before tech giants are due to file their first returns for the 3% charge on revenues they earn from Canadians.
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June 27, 2025
Nelson Mullins Looks To Beat The Opportunity Zone Curve
As Congress debates President Donald Trump's budget bill, which would extend the opportunity zone program started in his Tax Cuts and Jobs Act of 2017, Nelson Mullins has ramped up the firm's practice in anticipation of a steady flow of investment work there, one of the group's leaders told Law360 Real Estate Authority.
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June 27, 2025
DOJ To Amplify Tax, Immigration Investigations, Official Says
The U.S. Department of Justice will take on more investigations involving the intersection of immigration, employment and tax law violations as part of the White House's push to increase enforcement in those areas, a DOJ official said Friday.
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June 27, 2025
US, China Finalize Part Of Trade Agreement
The U.S. and China recently finalized an agreement to remove certain American trade barriers in exchange for jumpstarting critical Chinese export approvals, according to remarks made by Chinese government officials Friday.
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June 27, 2025
IRS Cybersecurity Program Fumbles Federal Standards
The cybersecurity program at the Internal Revenue Service does not meet federal standards, the Treasury Inspector General for Tax Administration said in a report released Friday that also flagged problems in the agency's handling of privacy of taxpayer data.
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June 27, 2025
Vertical Farm Co. Owner Cops To Tax Evasion, Fraud Scheme
The owner of a business that helped people set up vertical farms admitted to skipping his income taxes and taking money from customers, including an autism charity, without holding up his end of the deal, according to filings in a Pennsylvania federal court.
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June 27, 2025
Taxation With Representation: Weil, Freshfields, Sidley Austin
In this week's Taxation With Representation, Spectris backs a takeover offer from Advent, C&S Wholesale Grocers acquires SpartanNash, NBA team owners approve the sale of the Minnesota Timberwolves and Lynx to a consortium led by former limited partners Marc Lore and Alex Rodriguez, and Illumina Inc. acquires SomaLogic from Standard BioTools.
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June 27, 2025
3 DOL Policy Shifts On Benefits Attys' Radar
Since President Donald Trump's administration took over in January, the U.S. Department of Labor has changed its tack on several issues related to employee benefits. Here, Law360 looks at three moves that caught lawyers' attention.
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June 27, 2025
DOJ Tax Division To Split Criminal, Civil Units, Official Says
The U.S. Department of Justice aims to finalize a reorganization plan for its Tax Division by summer's end that would separate the criminal and civil tax functions and relocate them to the department's main branches, a department official said Friday.
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June 27, 2025
Weekly Internal Revenue Bulletin
The Internal Revenue Service's weekly bulletin, issued Friday, included a one-year extension for brokers of digital assets to comply with new tax reporting requirements before facing penalties.
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June 26, 2025
Agreement Reached To Cut 'Revenge' Tax From Budget Bill
A proposal designed to protect U.S. multinational corporations from paying higher taxes abroad will be stripped from the GOP's budget reconciliation bill pending an agreement with the Group of Seven nations announced Thursday by the U.S. Treasury Department, leaders of House and Senate tax committees said.
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June 26, 2025
Senate Confirms Trump's Pick For Treasury Tax Policy Post
The Senate on Thursday approved President Donald Trump's pick to lead the U.S. Treasury Department's tax policy efforts, who is expected to play a key role in steering the department and carrying out the president's tax agenda.
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June 26, 2025
Tax Court Again Rejects Man's Arguments As Frivolous
A Utah man who claimed his employment income and annuity payments were not taxable must pay the taxes plus an $1,100 fine for repeatedly making frivolous arguments, the U.S. Tax Court ruled Thursday.
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June 26, 2025
Israeli Tax Firm Can't Sue US Over Regs, Gov't Says
A U.S. attorney and his Israeli tax firm can't sue the U.S. Treasury Department over regulations related to taxing overseas income because the underlying law — not the regulations — is the source of their claimed injuries, the U.S. government told a D.C. federal court.
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June 26, 2025
Solar Co. Meyer Burger Can Tap $10M DIP To Fund Ch. 11 Sale
Swiss solar panel maker Meyer Burger's U.S. unit secured a Delaware bankruptcy judge's interim approval Thursday for a $10 million debtor-in-possession loan as it looks to sell two manufacturing sites in Chapter 11.
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June 26, 2025
Developer, IRS Drop Suit Over $18M Loan Deductions
A Florida real estate developer seeking $18 million in tax deductions for loans he said became worthless during the Great Recession agreed to drop his suit against the Internal Revenue Service after reaching a deal with the agency, according to an Eleventh Circuit court filing.
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June 25, 2025
Trade Court Cannot Stop Trump's Tariffs, Gov't Tells Fed. Circ.
The U.S. Court of International Trade hamstrung President Donald Trump in ongoing global trade negotiations when it blocked emergency tariffs he had imposed and deemed them unlawful, the government told the Federal Circuit on Tuesday, urging it to reverse the lower court's ruling.
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June 25, 2025
Treasury Tax Policy Pick Overcomes Key Procedural Hurdle
President Donald Trump's choice to serve as the U.S. Department of the Treasury's assistant secretary for tax policy overcame a procedural hurdle in the Senate on Wednesday when the chamber voted to proceed to a confirmation vote this week.
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June 25, 2025
IRS Advisers Call For Tech Upgrades, Tax Preparer Regs
Improvements to digital payment and filing processes, regulation of tax return preparers and use of advanced technologies are among the areas the IRS and Congress need to focus on to boost the agency's operations, an advisory group said Wednesday.
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June 25, 2025
NJ Accountant Admits To Role In $1.3B Easement Tax Scheme
A New Jersey accountant admitted to promoting fraudulent conservation easement tax shelters to wealthy clients in connection with a $1.3 billion scheme that triggered decades-long prison sentences for two ringleaders, the U.S. Department of Justice said Wednesday.
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June 25, 2025
Pa. Wealth Manager Gets 8 Years For Stealing Client Money
A suburban Philadelphia wealth manager was sentenced Wednesday to just over eight years in prison for using nearly $25 million of his clients' money on properties, country club fees and luxury vacations, his counsel said.
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June 25, 2025
Lobbyist Who Evaded Taxes Gets Prison, $1.7M Restitution
A Miami lobbyist who admitted to evading taxes was sentenced to prison and ordered to pay $1.7 million in restitution to the U.S. after prosecutors said he spent years pretending to sell his house to pay off his debt, according to a Florida federal court.
Expert Analysis
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Fixing Up Cars Makes Me A Better Lawyer
From problem-solving to patience and adaptability to organization, the skills developed working under the hood of a car directly translate to being a more effective lawyer, says Christopher Mdeway at Kaufman Dolowich.
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A New Tax On Employers Could Help Curb Illegal Immigration
To better enforce the law against hiring immigrants unauthorized to work in the U.S., Congress should enact a punitive excise tax on compensation paid to such immigrants and amend the False Claims Act to allow qui tam actions against employers for failure to pay such tax, says Ajay Gupta at Moore Tax Law Group.
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Making The Pitch To Grow Your Company's Legal Team
In a compressed economy, convincing the C-suite to invest in additional legal talent can be a herculean task, but a convincing pitch — supported by metrics and cost analyses — may help in-house counsel justify the growth of their team, say Elizabeth Smith and Roger Garceau at Major Lindsey.
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Justices May Find Gov't Can Keep Fraudulent Transfer Benefit
Based on the justices' questions at the recently argued U.S. v. Miller, the Supreme Court appears prepared to hold that the U.S. — unlike any other creditor — is permitted to retain the benefits of a fraudulent transfer to the detriment of other bankruptcy creditors, says Kevin Morse at Clark Hill.
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Tax Court Should Update Framework For Defining Insurance
The U.S. Tax Court's unnecessary determination in Royalty Management Insurance v. Commissioner that a fraudulent transaction did not contain the hallmarks of a legitimate insurance transaction applies an outdated analysis that threatens the captive insurance sector and illustrates the need for a more modern framework to define true insurance, says Matthew Queen at the Queen Firm.
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When US Privilege Law Applies To Docs Made Outside The US
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.
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Impact Of Corporate Transparency Act Ambiguity On Banks
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.
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6 Changes I Would Make If I Ran A Law School
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.
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Firms Still Have The Edge In Lateral Hiring, But Buyer Beware
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.
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Congress Should Expand Investment Options For 403(b)s
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.
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Think Like A Lawyer: 1 Type Of Case Complexity Stands Out
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.
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Think Like A Lawyer: Note 3 Simple Types Of Legal Complexity
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.
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Gardening Makes Me A Better Lawyer
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.