Federal
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									August 22, 2025
									Weekly Internal Revenue BulletinThe Internal Revenue Service's weekly bulletin, issued Friday, included proposed rules that would change its system of business classification for employees hoping to exclude fringe benefits and employee discounts from their gross income. 
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									August 22, 2025
									Treasury Doubles Statutory Value Of Clean Energy CreditThe U.S. Department of the Treasury is nearly doubling the statutory value of an income tax credit for producing electricity in line with a regularly scheduled increase tied to inflation, according to a Friday notice. 
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									August 22, 2025
									IRS Guidance Sparks Mixed Reaction For Solar, Wind ProjectsThe IRS recently narrowed the way large solar and wind energy development projects can set their construction start dates to qualify for certain tax credits, a change offering relief for some developers but new hurdles for others depending on the stage, type and size of the project. 
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									August 21, 2025
									Tax Court Says Civil Fraud Penalty Cases Don't Require JuriesThe U.S. Tax Court rejected Thursday a Mississippi partnership's bid, based on the Supreme Court's landmark 2024 decision requiring a jury to adjudicate common law fraud penalties, to dismiss civil fraud penalties the IRS imposed on a conservation easement transaction. 
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									August 21, 2025
									Man Who Hid Account From Wife Owes FBAR Fines, US SaysA claim by the owner of a check-cashing business that he only meant to hide a foreign bank account from his wife during divorce proceedings doesn't excuse his failure to report the money to the Internal Revenue Service, the U.S. told a California federal court. 
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									August 21, 2025
									EU, US Agree To Eliminate Industrial TariffsThe European Union and the U.S. have agreed on new terms to the trade agreement to eliminate EU tariffs on U.S. industrial products and implement a 15% U.S. tariff cap for most other sectors, according to a joint statement issued Thursday. 
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									August 21, 2025
									Treasury Gets New Acting International Tax CounselA deputy international tax counsel for the U.S. Department of the Treasury has been elevated to serve as acting counsel, he said in a post on LinkedIn. 
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									August 21, 2025
									IRS Asks For Input On Free Filing ProgramsThe Internal Revenue Service is surveying the public on tax preparation and filing as part of efforts to prepare a report for Congress on key issues surrounding free tax filing options, the agency said Thursday. 
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									August 21, 2025
									Gov't Shrugs Off Sentencing Errors, IRS Leaker Tells DC Circ.The IRS contractor appealing his five-year prison sentence for leaking thousands of wealthy people's tax returns to the media accused the U.S. of glossing over sentencing errors that unfairly burdened him with "the harshest sentence possible," he told the D.C. Circuit. 
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									August 21, 2025
									G7 Deal May Undermine Global Minimum Tax EnforcementThe U.S. government's agreement with the Group of Seven nations to effectively exempt American companies from the 15% global minimum tax may hollow out enforcement of the international regime, in part because other multinational corporations may pursue similar treatment. 
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									August 20, 2025
									Gov't Asks 8th Circ. To Ignore 2nd Circ. Tax Deadline RulingA government attorney seeking to stop a couple from challenging their tax bill in the U.S. Tax Court urged the Eighth Circuit not to follow the Second Circuit's recent determination that the 90-day petition filing deadline is flexible, saying that decision split from long-held precedent. 
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									August 20, 2025
									Fla. Man Who Evaded $7M In Federal Taxes Gets ProbationA Florida investor who admitted to cheating the Internal Revenue Service out of $7 million in taxes was sentenced Wednesday to probation after telling a federal judge he suffers from serious health issues, including Stage 4 kidney cancer and early-onset dementia. 
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									August 20, 2025
									Texas Plastics Co. Says Captive Insurance Program LegitA plastics manufacturer's captive insurance program to cover itself from various industrial and commercial risks was set up for legitimate reasons, the company told a Texas federal court in a bid to restore a tax deduction the IRS had denied on its premiums. 
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									August 20, 2025
									Morris Manning Faces $5M Ga. RICO Suit Over Tax StrategyMorris Manning & Martin LLP is facing allegations of racketeering and tax fraud in a suit brought in Georgia state court by three investors that names a number of professional services firms. 
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									August 20, 2025
									IRS To Nix Recent Rules On Disregarded Foreign PaymentsThe U.S. Treasury Department and IRS said Wednesday that they're planning to remove rules issued in January that would have forced companies to recognize income from payments that are disregarded for U.S. taxes yet reduce income in a foreign jurisdiction, a move prompted by criticism from businesses. 
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									August 20, 2025
									Nutter Welcomes Tax Atty In NY From Fox HoranLess than a month after announcing it had grown its ranks by 8% with the addition of 13 attorneys in three states, Nutter McClennen & Fish LLP said earlier this week that it has hired a New York-based tax attorney from Fox Horan & Camerini LLP. 
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									August 20, 2025
									IRS Lost Lien In Bankruptcy, Man Says In $28M Tax BattleThe Internal Revenue Service jettisoned any federal tax lien it claims to have against a man by filing an unsecured claim in his bankruptcy case, he told a Florida federal court Wednesday in response to the government's $28 million lawsuit against him. 
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									August 19, 2025
									IRS To Float Rules Aimed At Easing Corporate Moves To USThe IRS announced plans Tuesday to propose regulations that would make it easier for publicly traded foreign corporations that own U.S. real estate to move their official base to the U.S. without facing unexpected tax issues. 
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									August 19, 2025
									IRS Told To Explain Granting $142M Contract Without BidsThe IRS must explain why it thinks an executive order mandating electronic tax payments required it to skip the competitive bidding process in awarding a $142 million contract for scanning and digitizing incoming tax filings, the Court of Federal Claims said. 
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									August 19, 2025
									Reasoning For IRS Firings Clashes With Reality, TIGTA SaysProbationary workers at the Internal Revenue Service who were told earlier this year that they were fired for performance had been rated highly or had not been there long enough to be evaluated, according to a report Tuesday by the Treasury Inspector General for Tax Administration. 
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									August 19, 2025
									Fed. Circ. Won't Revisit Steel Duties On German CompaniesThe Federal Circuit denied Tuesday a request for it to reconsider a precedential opinion upholding steel duties on German companies imposed after the U.S. Department of Commerce applied adverse facts available in an antidumping investigation. 
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									August 19, 2025
									Medtronic Sees Tariffs Adding $185M To Costs This YearMedtronic expects tariffs to add $185 million to its costs over the course of its current fiscal year, an amount lower than a previous estimate due to the company's efforts to lessen tariffs' impact, an executive said Tuesday in an earnings call. 
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									August 19, 2025
									NJ Man Gets 30 Months For Russian Arms Dealing SchemeA dual U.S.-Russian national was sentenced in a New York federal court to 30 months in prison after pleading guilty to his role in a scheme to smuggle sensitive, U.S.-made technology to further Russia's weapons development, prosecutors announced. 
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									August 19, 2025
									Trump Tariff Suit Belongs In Trade Court, Gov't Tells DC Circ.Suits challenging President Donald Trump's imposition of emergency tariffs belong in the U.S. Court of International Trade and a D.C. federal judge improperly considered a case lodged by Illinois-based toy makers in his court, the government told the D.C. Circuit. 
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									August 19, 2025
									Home Depot To Raise Some Prices Due To TariffsHome Depot expects to raise prices for some of its products as tariffs weigh its costs, while Congress' latest tax package will boost its cash flow, executives said Tuesday. 
Expert Analysis
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								Mentorship Resolutions For The New Year  Attorneys tend to focus on personal achievements or career milestones when they set yearly goals, but one important area often gets overlooked in this process — mentoring relationships, which are some of the most effective tools for professional growth, say Kelly Galligan at Rutan & Tucker and Andra Greene at Phillips ADR. 
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								Coaching Little League Makes Me A Better Lawyer  While coaching poorly played Little League Baseball early in the morning doesn't sound like a good time, I love it — and the experience has taught me valuable lessons about imperfection, compassion and acceptance that have helped me grow as a person and as a lawyer, says Alex Barnett at DiCello Levitt. 
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								5 Litigation Funding Trends To Note In 2025  Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery Lula at GLS Capital. 
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								Rethinking Litigation Risk And What It Really Means To Win  Attorneys have a tendency to overestimate litigation risk before summary judgment and underestimate risk after it, but an eight-stage litigation framework can clarify risk at different points and help litigators reassess what true success looks like in any particular case, says Joshua Libling at Arcadia Finance. 
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								Small Biz Caught In Corporate Transparency Act Crossfire  Despite compliance being put on hold due to a nationwide preliminary injunction, small businesses have been caught in the middle of the legal battle over the Corporate Transparency Act — and confusion over the law's requirements could result in major penalties, say attorneys at Snell & Wilmer. 
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								No, Litigation Funders Are Not 'Fleeing' The District Of Del.  A recent study claimed that litigation funders have “fled” Delaware federal court due to a standing order requiring disclosure of third-party financing, but responsible funders have no problem litigating in this jurisdiction, and many other factors could explain the decline in filings, say Will Freeman and Sarah Tsou at Omni Bridgeway. 
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								Hydrogen Regs Will Provide More Certainty — If They Survive.jpeg)  Newly finalized regulations implementing the Section 45V clean hydrogen tax credit allow producers more flexibility, and should therefore help put the industry on more solid footing — but the incoming Trump administration and Republican Congress will have multiple options for overturning or altering the regulations, say attorneys at Steptoe. 
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								5 E-Discovery Predictions For 2025 And Beyond  In the year to come, e-discovery will be shaped by new and emerging trends, from the adoption of artificial intelligence provisions in protective orders, to the proliferation of emojis as a source of evidence in contemporary litigation, say attorneys at Littler. 
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								What's Ahead As Transparency Act Comes To A Crossroads  Synthesizing the contrasting federal district and appellate court rulings on the Corporate Transparency Act’s validity reveals several main areas of debate that will likely remain at issue as challenges to the law continue winding through the courts, say attorneys at Farella Braun. 
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								Final Hydrogen Tax Credit Regs Add Flexibility For Producers.jpeg)  The recently released final regulations implementing the Inflation Reduction Act's clean hydrogen production tax credit offer taxpayers greater flexibility, reducing risk and creating more certainty for investments in the industry, thus diminishing — but not eliminating — the risk of legal challenges to the regulations, say attorneys at Steptoe. 
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								5 Evolving Concerns For Family Offices In 2025  Complex regulatory changes and emerging operational risks will force family offices to stay on their toes in 2025, with timely action particularly necessary to address several tax and reporting developments that may affect their investments and business operations, say attorneys at Morgan Lewis. 
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								7 Ways 2nd Trump Administration May Affect Partner Hiring  President-elect Donald Trump's return to the White House will likely have a number of downstream effects on partner hiring in the legal industry, from accelerated hiring timelines to increased vetting of prospective employees, say recruiters at Macrae. 
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								E-Discovery Quarterly: Rulings On Custodian Selection  Several recent rulings make clear that the proportionality of additional proposed custodians will depend on whether the custodians have unique relevant documents, and producing parties should consider whether information already in the record will show that they have relevant documents that otherwise might not be produced, say attorneys at Sidley.