Federal

  • May 19, 2025

    Tax Court Axes Deductions For Pakistani Gas Station Losses

    An Ohio couple couldn't provide any compelling evidence that they should be allowed to take over $127,000 in business deductions they said were tied to a gas refilling station they opened in Pakistan, the U.S. Tax Court ruled Monday.

  • May 19, 2025

    Taxpayer Data Increasingly At Risk From DOGE, Court Told

    A group of unions and advocacy organizations trying to block the White House's Department of Government Efficiency from accessing confidential taxpayer data told a D.C. federal court they fear the data is already being shared with federal agencies beyond the IRS.

  • May 19, 2025

    Cheesesteak Shop Owner's Sentence For Tax Scheme Vacated

    A Philadelphia cheesesteak shop owner sentenced to almost two years in prison for a conspiracy to pay employees under the table could get a lighter sentence after the Third Circuit ruled he was wrongly given extra time for swaying workers who were actually in on the tax scheme.

  • May 19, 2025

    US Budget Would Hike Taxes On Foreign Firms, Individuals

    Foreign firms and individuals from countries with "unfair" fiscal policies such as digital services taxes, diverted profits taxes and the global minimum tax's backstop would pay higher U.S. taxes under the spending bill approved by the House Budget Committee.

  • May 19, 2025

    11th Circ. Affirms Estate Can't Deduct $3M Paid To Stepkids

    The Eleventh Circuit affirmed the denial of tax deductions that a corporate attorney's estate claimed for distributing $3 million to his stepchildren, saying the payments were not financial obligations the attorney had owed at the time of his death.

  • May 19, 2025

    GAO Calls For Greater Oversight Of Energy Tax Expenditures

    The Internal Revenue Service needs to have greater scrutiny over the implementation of 21 Inflation Reduction Act energy tax provisions aimed at supporting greenhouse gas emissions and other climate goals, including evaluation and fraud prevention, the Government Accountability Office said Monday.

  • May 19, 2025

    Avenatti Rips 'Draconian' Bid To Add 13 Years To Sentence

    Former high-profile attorney Michael Avenatti asked a California federal judge to reject the government's request to tack on more than 13 years to his prison term, saying such a "draconian" result would conflict with a Ninth Circuit ruling wiping out a previous sentence in the fraud case.

  • May 19, 2025

    7 Taxpayer Advocacy Panel Meetings Set For June

    Seven Taxpayer Advocacy Panel committees will meet in June to discuss possible customer service improvements, the Internal Revenue Service said in notices Monday.

  • May 16, 2025

    Trump Calls On Justices To Stay Block Of Gov't Restructuring

    President Donald Trump asked the U.S. Supreme Court on Friday to pause a California federal judge's order temporarily halting agencies from implementing an executive order to plan reorganizations and reductions in force, claiming the lower court's decision has caused confusion and wasted taxpayer dollars.

  • May 16, 2025

    Korean-Language News Co. Cuts $4.3M Deal In Tax Case

    A Korean-language news publication reached a settlement with the U.S. government that will let it pay $4.3 million to resolve an agreed-upon tax judgment of $9.1 million plus interest, according to a stipulated order entered in California federal court.

  • May 16, 2025

    Congress Hitting Back After Int'l Tax Talks, US Official Says

    The House Ways and Means Committee's tax bill includes retaliatory measures against certain foreign taxes because lawmakers were dissatisfied with international administrative guidance they thought undermined their tax sovereignty, a U.S. Treasury Department official said Friday.

  • May 16, 2025

    Key House Panel Advances Budget With $3.8T Tax Overhaul

    The House Budget Committee voted late Sunday to approve the chamber's budget reconciliation package, including a $3.8 trillion tax bill that would renew and make permanent large parts of the GOP's 2017 tax overhaul law.

  • May 16, 2025

    The Tax Angle: Year-End Extenders, IRS Direct File

    From a look at the possibility of Congress passing a year-end budget and tax extenders bill to efforts to keep the IRS Direct File program afloat, here's a peek into a reporter's notebook on a few of the week's developing tax stories.

  • May 16, 2025

    Truck Co. Asks 6th Circ. To Rethink Excise Tax Reversal

    A company seeking $268 million in excise tax exemptions for its refurbished tractors asked the Sixth Circuit to reconsider its decision that the tractors might not qualify because they may have previously been sold to tax-exempt buyers, saying the appeals court mistakenly considered unrelated laws.

  • May 16, 2025

    11th Circ. Rejects Tax Debt Protest Over Judge's Expired Term

    The IRS can move forward in collecting a decades-old tax debt from a former attorney despite his claim that a judge in an underlying proceeding lacked authority because his term had expired before the proceedings ended, the Eleventh Circuit said.

  • May 16, 2025

    Taxation With Representation: Blakes, Davies, Goodmans

    In this week's Taxation With Representation, Charter Communications Inc. merges with Cox Communications, Hub International Ltd. boosts its valuation after securing an investment, Pan American Silver Corp. acquires Mag Silver Corp. and Robinhood buys WonderFi.

  • May 16, 2025

    IRS Lowers Estate Tax Closing Letter Fee To $56

    The fee for taxpayers to request a letter that confirms the IRS has received and finished examining an estate tax return will be lowered to $56 from $67, according to a pair of regulations released Friday.

  • May 16, 2025

    Holland & Knight Welcomes Tax Partner in Philadelphia

    A new partner has joined Holland & Knight LLP's Philadelphia office and will help lead its state and local tax team, the firm announced.

  • May 16, 2025

    Weekly Internal Revenue Bulletin

    The Internal Revenue Service's weekly bulletin, issued Friday, featured inflation-adjusted amounts for health savings accounts for 2026, as well as the maximum amount that may be made available for excepted benefit health reimbursement arrangements.

  • May 15, 2025

    Ga. Atty Gets 16 Months For Role In $1.3B Tax Shelter Scheme

    A Georgia attorney has been sentenced to 16 months in federal prison and slammed with an $8 million bill after pleading guilty to helping orchestrate a $1.3 billion tax scheme involving fraudulent conservation easements.

  • May 15, 2025

    Tax Court Rejects Biz Owners' $34M Interest Deduction

    The owners of a transportation brokerage business are not allowed to deduct more than $34 million in claimed interest expenses, the U.S. Tax Court said Thursday, sustaining determinations by the Internal Revenue Service.

  • May 15, 2025

    Tax Court Won't Review Mass. Man's $121K Proposed Levy

    The U.S. Tax Court said Thursday that it will not review a nearly $121,000 levy the Internal Revenue Service issued against a Massachusetts man, saying that it received his petition 194 days after the 30-day period to seek review in the court.

  • May 15, 2025

    IRS Reopens Comment Period For Offshore Profit Regs

    The Internal Revenue Service on Thursday reopened the comment period for proposed rules that would require U.S. multinational companies to create annual shareholder accounts and adhere to new pooling concepts to properly account for previously taxed earnings and profits.

  • May 15, 2025

    Applicable Federal Rates To Mostly Drop In June

    Applicable federal rates for income tax purposes are set to mostly decrease in June, the fourth consecutive month in which rates have fallen, the Internal Revenue Service said Thursday.

  • May 15, 2025

    House Tax Bill's Foreign Rules May Finish Off Energy Perks

    House Republicans' mammoth tax bill proposes phasing out two popular clean electricity business tax credits, but additional restrictions on eligible development projects' foreign business ties could have the same effect as immediately repealing them.

Expert Analysis

  • Inconsistent Injury-In-Fact Rules Hinder Federal Practice

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    A recent Third Circuit decision, contradicting a previous ruling about whether consumers of contaminated products have suffered an injury in fact, illustrates the deep confusion this U.S. Supreme Court standard creates among federal judges and practitioners, who deserve a simpler method of determining which cases have federal standing, says Eric Dwoskin at Dwoskin Wasdin.

  • In-House Counsel Pointers For Preserving Atty-Client Privilege

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    Several recent rulings illustrate the challenges in-house counsel can face when attempting to preserve attorney-client privilege, but a few best practices can help safeguard communications and effectively assert the privilege in an increasingly scrutinized corporate environment, says Daniel Garrie at Law & Forensics.

  • Emerging Energy Trends Reflect Shifting Political Landscape

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    As the Trump administration settles in, some emerging energy industry trends, like expanded support for fossil fuel production, are right off of its wish list — while others, like the popularity of Inflation Reduction Act energy tax credits, and bipartisan support for carbon capture, reflect more complex political realities, say attorneys at Greenberg Traurig.

  • Tax-Free Ways To Help Employees After The LA Wildfires

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    Following the recent wildfires in Los Angeles, there are various tax-free ways to give employees the resources and flexibility they need, including simpler methods like disaster relief payments under Internal Revenue Code Section 139 and leave-sharing programs, and others that require more planning, says Ligeia Donis at Baker McKenzie.

  • Judge Should Not Have Been Reprimanded For Alito Essay

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    Senior U.S. District Judge Michael Ponsor's New York Times essay critiquing Supreme Court Justice Samuel Alito for potential ethical violations absolutely cannot be construed as conduct prejudicial to the administration of the business of the courts, says Ashley London at the Thomas R. Kline School of Law of Duquesne University.

  • Lights, Camera, Ethics? TV Lawyers Tend To Set Bad Example

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    Though fictional movies and television shows portraying lawyers are fun to watch, Hollywood’s inaccurate depictions of legal ethics can desensitize attorneys to ethics violations and lead real-life clients to believe that good lawyers take a scorched-earth approach, says Nancy Rapoport at the University of Nevada, Las Vegas.

  • Accountant-Owned Law Firms Could Blur Ethical Lines

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    KPMG’s recent application to open a legal practice in Arizona represents the first overture by an accounting firm to take advantage of the state’s relaxed law firm ownership rules, but enforcing and supervising the practice of law by nonattorneys could prove particularly challenging, says Seth Laver at Goldberg Segalla.

  • AI Will Soon Transform The E-Discovery Industrial Complex

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    Todd Itami at Covington discusses how generative artificial intelligence will reshape the current e-discovery paradigm, replacing the blunt instrument of data handling with a laser scalpel of fully integrated enterprise solutions — after first making e-discovery processes technically and legally harder.

  • When Innovation Overwhelms The Rule Of Law

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    In an era where technology is rapidly evolving and artificial intelligence is seemingly everywhere, it’s worth asking if the law — both substantive precedent and procedural rules — can keep up with the light speed of innovation, says Reuben Guttman at Guttman Buschner.

  • What Compensation Committees Must Keep In Mind In 2025

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    New disclosure obligations, an evolving discussion on the analysis of executive perks and updated proxy adviser policies — on top of a new presidential administration — are all important things compensation committees must pay close attention to in 2025, say attorneys at Simpson Thacher.

  • Anticipating Direction Of Cosmetics Regulation Under Trump

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    It is unclear how cosmetics regulation reform from the last few years will fare under President Donald Trump, but the new administration's emphasis on deregulation and Robert F. Kennedy Jr.'s views on product safety provide some insight, say attorneys at Crowell & Moring.

  • IRS Basis-Shifting Rule Poses Notable Reporting Obligations

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    While the IRS’ recently finalized rule requiring partnerships to report certain related-party basis adjustment transactions is narrower than originally proposed, taxpayers and their advisers will still need to comb through myriad transactions to comply, say attorneys at Debevoise.

  • Imagine The Possibilities Of Openly Autistic Lawyering

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    Andi Mazingo at Lumen Law, who was diagnosed with autism about midway through her career, discusses how the legal profession can create inclusive workplaces that empower openly autistic lawyers and enhance innovation, and how neurodivergent attorneys can navigate the challenges and opportunities that come with disclosing one’s diagnosis.

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